SSP Group profits soar to £76.8million

The food group posted a strong rise in annual profit according to the financial results for the year ended 30 September 2015.

According to the results, operating profit rose to £97.4 million, up 17.6% in constant currency, and 10.1% at actual exchange rates. Like-for-like sales were up 3.7% driven by growth in air passenger travel and retailing initiatives

Revenues grew to £1,833 million: up 4.3% on a constant currency basis; 0.3% at actual exchange rates.

Kate Swann, CEO of SSP Group, said: “SSP has delivered strong results in 2015, with operating profit up over 17% and good like-for-like sales growth across all regions. We continue to focus on delivering our strategic objectives, driving sales growth in our existing portfolio and winning new contracts which are extending our international operations, whilst remaining committed to operating an efficient business."

“The new financial year has started in line with our expectations and whilst a degree of uncertainty always exists around passenger numbers in the short term, we continue to be well placed to benefit from the structural growth opportunities in our markets.”