A recovery at SSP Group has continued to gather momentum, benefiting from strong growth in the travel industry around the world and fewer strike days on the railways in the UK.
The Upper Crust and Ritazza food-to-go operator reported like-for-like sales growth of 6% in the first quarter to 31 December.
All regions registered growth in the period, with like-for-like sales in the UK up by 9% thanks to good air passenger numbers and a lower incidence of industrial action in the rail sector.
Expectations for the full year remained unchanged.
“We have made a good start to the new financial year,” said CEO Patrick Coveney. “Our tightened agenda with a focus on driving returns from recent investments and enhancing efficiency to drive profitability is progressing well.
“Performance in the structurally growing and higher returning regions of North America and APAC & EEME, where we continue to invest, was particularly pleasing in the quarter. We are confident in our prospects for the balance of FY25 and beyond.”
Shares nudged 0.6% higher to 172.5p as markets opened this morning.
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