Air traffic boom boosts third quarter sales at SSP Group

By Laura Mullan
Travel caterer SSP Group has announced a 7.3% increase in total group revenue in its third-quarter, citing soaring airport traffic for its success. SSP...

Travel caterer SSP Group has announced a 7.3% increase in total group revenue in its third-quarter, citing soaring airport traffic for its success. 

SSP Group, who operates food and beverage outlets in travel locations worldwide, reported like-for-like sales growth of 2.7% and net contract gains of 3.3%.

Additionally, the group’s part acquisition of Stockheim group, a travel concessions business based in Germany, added 1.3% to revenue.

SEE ALSO:

Competition amongst airlines has kept fares low encouraging more people to go abroad. This has kept airports and in turn SSP outlets busy. 

SSP noted that like-for-like sales growth in the UK and continental Europe was broadly in line with that seen in the first half of the year noting that this was “driven by ongoing growth in the air sector.”

Meanwhile, the travel caterer said that trading in the rail sector “continues to be softer” with strikes in France having a negative impact. 

The FTSE 250 company also said it saw “good improvement” in its operating margin during the period. 

“While a degree of uncertainty always exists around passenger numbers in the short term, we are well placed to continue to benefit from the structural growth opportunities in our markets and to create further shareholder value,” the group said in a press release.

SSP Group, which operates food and beverage brands such as Upper Crust and Ritazza, said that it anticipates like-for-like sales growth for the group to remain in the region of 2% to 3%.  

Share

Featured Articles

Careers Passport: flagship programme to help jobseekers

A fast-track job scheme designed to remove barriers to enter the food and drink industry has seen over 1,000 training opportunities created.

Coca-Cola, Diginex & Reckitt tech to support supply chains

Respect for human rights is critical to good business, says Coca-Cola’s Paul Lalli, as the company joins diginexLUMEN to catch supply chain forced labour

Luxury food manufacturer Venchi on sustainable packaging

Cècile Osti, of luxury chocolate manufacturer Venchi, on Easter 2022, Sorrento lemons, sustainable packaging, natural ingredients & the pleasure of food

How has the pandemic affected sales at General Mills?

Food

Morrisons partners with Nestle in sustainability scheme

Retail

PepsiCo Launches pep+ a Strategic End-to-End Transformation

Drink