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“We continue to focus on delivering our strategic objectives, driving sales growth in our existing portfolio and winning new contracts.“ |
Kate Swann CEO SSP |
UK. SSP Group has announced a +17.6% operating profit increase in constant currency for the year ended 30 September. The food & drinks retailer’s final result was £97.4 million, representing a +10.1% increase at actual exchange rates year-on-year.
Revenue rose +4.3% on a constant currency basis to £1.83 billion, or +0.3% at actual exchange rates, boosted by new contract openings and like-for-like sales growth of +3.7%.
The company attributed the increase to a growth in air passenger travel, particularly in the UK and Europe over the summer months, as well as the success of various retailing initiatives.
SSP said there were “underlying positive trends” in travel channels, and that areas of focus were ranging improvements, pricing analysis and category performance. An “encouraging pipeline of new contracts” was also reported.
It will pay a final dividend of 2.2 pence per share, bringing the total dividend to 4.3 pence for the year.
SSP Group CEO Kate Swann 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.”
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