SSP Group reports positive growth in Q1 2019
The revenue growth is driven by strong sales and new contract openings.
SSP Group has announced their financial results for the first quarter of 2019 with the company’s revenue up by 6.8% on a constant currency basis.
Like-for-like sales grew by 2%, which was driven by air passenger travel and retail initiatives. Net contract gains were up by 4.1%, citing strong performances in Continental Europe, North America and other markets.
Furthermore, the company’s underlying profit before tax of £54.2 million is up by 11.3%, whilst its underlying earnings per share of 6.7 pence is up by 19.6%.
In April 2019, SSP Group’s interim dividend of 5.8 pence per share is up by 20.8%, following the completion of £150 million special dividend and share consolidation.
"SSP has delivered another good performance in the first half of 2019, driven by strong sales growth, significant new contract openings across the world and our programme of operational improvements. We have continued to grow our global presence, particularly in North America and Asia, and we have further expanded our operations in Latin America. Given this positive momentum, we are today raising our expectations for net gains in the second half of the year.” SSP Group CEO Kate Swann said.
