The FINANCIAL — Travel concession operator SSP has reported a "robust" uplift in like-for-like sales of 4.8% for the 12 months to 30 September.
The company, which operates food and beverage brands in travel locations across the world, reported sales of £1.7b and operating cash-flow of £56.9m after capital expenditure of £60.5m.
The growth in sales was driven by Scandinavia, the USA and Asia Pacific regions, including £93m of new contract wins.
SSP also said it had renewed contracts with an annual sales value of £185m, representing a retention success rate of 86%. Key renewals included Liverpool, Belfast and Leeds Bradford airports.
Andrew Lynch, chief executive of SSP, said he was pleased to report "robust like-for-like sales growth" during 2011.
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