SSP wins three major international accolades at the Moodie Davitt Airport Food & Beverage (FAB) awards

London, 2017-Jul-08 — /EPR Retail News/ — SSP Group plc, a leading operator of food and beverage outlets in travel locations worldwide, is delighted to have won three major international accolades at the Moodie Davitt Airport Food & Beverage (FAB) awards. SSP also took home five regional awards and two highly-commended awards at the prestigious industry event in Toronto.

Lift Bar & Grill, Vancouver International Airport, was named airport upscale dining restaurant of the year. Centrally located in the international terminal, the restaurant is wrapped around the airport’s iconic aquarium and serves a selection of seasonal cuisine with a focus on local seafood offerings.

Gino D’Acampo – My Restaurant at London Euston Station was given the title individual food and beverage offer of the year in a railway station. The 150-cover restaurant and vibrant cocktail bar, which overlooks the main concourse, offers travellers and locals alike the chance for a ‘proper taste of Italy’ in a modern, stylish setting away from the hubbub of the main station.

The FAB dining transformation award for rail stations went to Travel Food Services for Raildhaba at Visakhapatnam (Vizag) railway station.

Aamanns at Copenhagen Airport was regional winner in the airport upscale dining restaurant of the year award. Le Grand Comptoir at Houston George Bush Intercontinental Airport received a highly-commended accolade in the airport wine bar of the year category.

“These awards recognise the very best in airport and rail food and beverage,” said Kate Swann, CEO of SSP Group. “It is an honour that these outlets have been named the finest in their class, and the wins are testimony to SSP’s high standards across the globe.”

“We are thrilled that Lift Bar & Grill, operated by our partners SSP America, was recognised as the best upscale dining restaurant of the year at the FAB Awards – very well deserved!” said Scott Norris, Vice President, Commercial Development, Vancouver Airport Authority. “Lift opened at YVR in December 2016 and features chef-inspired plates that highlight unique West Coast flavours. We continue to receive great feedback from our passengers and it is in large thanks to SSP America’s commitment to delivering exceptional customer experiences which is a top objective at YVR. Congratulations to the whole team!”

Hamish Kiernan, Commercial Director of Retail at Network Rail Property, said: “Network Rail stations are no longer places where people only come to travel; they are destinations in their own right and our excellent retail offer means more people are coming to our stations to shop, meet and eat. This prestigious award reinforces the quality of our food and beverage offer and we are exceptionally proud that fantastic dining experiences, such as that found at Gino D’Acampo – My Restaurant, have found their home in our stations.”

Gino D’Acampo said; “Bringing My Restaurant to a rail station was an exciting new departure for me, and I’m delighted that this lovely venue has been recognised by experts who really know all about food and beverage in stations and airports.”

If you are a journalist and have a press enquiry, please call Templemere Public Relations on +44 (0) 1306 735574 or press.office@ssp-intl.com

Source: SSP Group

SSP Group announces its financial results for year ended 30 September 2016

LONDON, 2016-Nov-29 — /EPR Retail News/ — SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for year ended 30 September 2016.

Highlights:

  • Underlying operating profit1 of £121.4m: up 18.2% at constant currency, and 24.6% at actual exchange rates
  • Like-for-like sales up 3.0%: driven by growth in air passenger travel and retailing initiatives
  • Net gains of 1.7%: strong performances in North America and the Rest of the World
  • Revenue of £1,990m: up 5.0% at constant currency; 8.6% at actual exchange rates
  • Underlying operating margin1 up 70 basis points at constant currency to 6.1%: strategic initiatives delivering further improvements
  • Underlying profit before tax of £107.5m: up 31.1%. Reported profit before tax of £105.6m
  • Underlying earnings per share of 15.5 pence: up 26.0%. Reported earnings per share of 15.2 pence
  • Final dividend of 2.9 pence per share, bringing the full year dividend to 5.4 pence per share: up 26.0%
  • Underlying operating cash inflow of £78.3m, after increased investment in the business
  • Brand and concept portfolio further strengthened
  • Encouraging pipeline of new contracts

Commenting on the results, Kate Swann, CEO of SSP Group, said:

“SSP has delivered another good performance in 2016 and we continue to make progress on our strategic initiatives.  Constant currency operating profit was up 18% driven by good like-for-like sales growth, further operational improvements and higher new contract openings.  We continue to develop our presence across the world, particularly in North America and Asia Pacific.

“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 and our programme of operational improvements.”

If you are a journalist and have a press enquiry, please call:
Templemere Public Relations
+44 (0) 1306 735574
press.office@ssp-intl.com

Source: SSP Group

SSP Group announces results for first half of its 2016 financial year

LONDON, 2016-May-23 — /EPR Retail News/ — SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its results for the first half of its 2016 financial year, covering the six months ended 31 March 2016.

Highlights:

• Strong results with good progress on last year
• Operating profit1 of £30.9m: up 28.0% at constant currency, and 22.6% at actual exchange rates
• Like-for-like sales up 3.3%*: driven by growth in air passenger travel and retailing initiatives
• Net gains of 2.0%: strong performances in North America and the Rest of the World
• Revenue of £897m: up 5.9% at constant currency; 4.4% at actual exchange rates
• Operating margin1 up 50 basis points to 3.4%: strategic initiatives delivering further improvements
• Earnings per share1 of 3.0 pence, up 43%
• Interim dividend of 2.5 pence per share, up 19%
• Brand and concept portfolio further strengthened
• Encouraging pipeline of new contracts

Commenting on the results, Kate Swann, CEO of SSP Group, said:

“SSP has made further good progress in the first half of 2016 and we continue to deliver our strategic initiatives. Constant currency operating profit was up 28% driven by good like-for-like sales growth in our existing business, new contract openings, which are building our presence across the world, and further operational improvements. I am particularly encouraged by the pace of development in our North America and Asia Pacific operations.

Looking forward, the second half has started in line with our expectations. Whilst a degree of uncertainty always exists around passenger numbers in the short term, we are well placed to benefit from the structural growth opportunities in our markets and to create further shareholder value.”

If you are a journalist and have a press enquiry, please call Templemere Public Relations on +44 (0) 1306 735574 or press.office@ssp-intl.com

SSP Group announces its financial results for year ended 30 September 2015

LONDON, 2015-11-30 — /EPR Retail News/ — SSP Group, a leading operator of food and beverage outlets in travel locations worldwide, announces its financial results for year ended 30 September 2015.

Highlights:

• Strong results with good progress on last year

• Operating profit1 of £97.4m: up 17.6% in constant currency, and 10.1% at actual exchange rates

• Like-for-like sales up 3.7%: driven by growth in air passenger travel and retailing initiatives

• Net gains 0.6%: strong performances in North America and the Rest of the World

• Revenue of £1,833m: up 4.3% on a constant currency basis; 0.3% at actual exchange rates

• Operating margin1 up 50 basis points to 5.3%: on-going roll out of strategic initiatives

• Brand and concept portfolio further strengthened

• Encouraging pipeline of new contracts

• Final dividend of 2.2 pence per share, bringing the full year dividend to 4.3 pence per share

 

Commenting on the results, 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.”

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SOURCE: SSP Group plc