SSP Group brings new M&S Simply Food outlet at Bristol Airport

LONDON, 2017-Mar-10 — /EPR Retail News/ — SSP Group plc, a leading operator of food and beverage outlets in travel locations worldwide, has opened a new M&S Simply Food outlet at Bristol Airport.

The opening of a new Marks & Spencer underscores Bristol Airport’s reputation as one of the UK’s fastest growing regional airports.

Simon Preece, Commercial Director, Bristol Airport said:

“We are delighted to welcome the M&S Simply Food brand to Bristol Airport for the first time.  This is an iconic brand that will significantly enhance the retail offer available to passengers, continuing to further extend the choice of retails shops on site.  The location of the new store, situated within the new £24m west terminal extension, is suitable for all passengers whether arriving or departing and will offer extended opening hours not available on the high street.”

The new M&S Simply Food outlet offers customers the very best of M&S’s special and different food, including Food on the Move and a great range of food for tonight. It will open to welcome passengers from the first flight and serve travellers up to the last flight of the day.

Simon Smith, CEO, SSP UK & Ireland commented:

“We are delighted to continue our partnership with Bristol Airport with the opening of the new M&S Simply Food retail outlet in arrivals. We have been trading at the airport for over 10 years and this new partnership extends our long-term relationship as the airport’s leading food and beverage supplier.”

SOURCE: SSP Group plc,

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SSP Group opens new Hausmann’s restaurant at Dusseldorf airport

SSP Group opens new Hausmann’s restaurant at Dusseldorf airport

 

LONDON, 2017-Feb-16 — /EPR Retail News/ — SSP Group plc, a leading operator of food and beverage outlets in travel locations worldwide, has opened a new Hausmann’s restaurant at Dusseldorf airport. The restaurant, situated at Gate A, has been created by Patrick Rüther and star chef Tim Mälzer, who travelled to Dusseldorf to celebrate the restaurant’s grand opening.

As the German word Hausmann’s (which means ‘plain fare’) implies, travellers can expect home-style German cuisine that is honest and authentic, but with a contemporary twist.

SSP has signed a lease for seven years with Dusseldorf Airport and is set to open six more food and beverage units in 2017 with a further unit to follow in 2019. The company expects a total annual turnover of 112 million euros over the contractual period, and will employ 174 people.

With Hausmann’s, Rüther and Mälzer wanted to bring a ‘cosy, homespun vibe’ to Duesseldorf airport, which is encapsulated by the traditional home cooked German fare through to the oak-wood and vintage interior. Hausman’s motto, is to serve the best German cuisine at any time of day, from breakfast of fruits, sandwiches, and smoothies as well as savoury lunchtime classics such as roasted chicken or knuckle of veal, and an after work craft beer. Regional and sustainably produced ingredients are used across the menu.

Thomas Schnalke, chairman of the management board Dusseldorf Airport, said: “We are very happy that Patrick Rüther and Tim Mälzer chose our airport in which to open their second restaurant in Dusseldorf.  Hausmann’s provides our passengers with another fantastic gastronomy option. Our passengers should always feel comfortable here, that is why we work continuously with strong partners like SSP to offer an individual, modern and wide range of services that respond to the demands of our rapidly changing airline world. Hausmann’s is a very good example of how airport restaurants of the future will look like.“

”Together with Patrick Rüther and Tim Mälzer, we have perfectly integrated the Hausmann’s concept, not only with the experience at the Dusseldorf  airport, but also with the travellers’ demands. Guests from all over the world can experience a first-class, regional and creative culinary service, no matter how much time they have, whether that’s five or fifty minutes,“ said Cornelius Everke, CEO SSP DACH & FRABEL.

The new airport restaurant, measuring approximately 400 square metres, is very similar to its namesakes in the old town of Dusseldorf. A combination of vintage and modern elements, oak-wood and steel, artwork and industrial lighting above the tables creates an informal and urban atmosphere.

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

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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
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Source: SSP Group

SSP Group plc 3Q of FY ending 30 September 2016: overall performance in line with the expectations

London, 2016-Jul-21 — /EPR Retail News/ — SSP Group plc, a leading operator of food and beverage outlets in travel locations worldwide, announces its trading update for the third quarter of its financial year ending 30 September 2016, covering the period from 1 April 2016 to 30 June 2016.

The Group’s overall performance in the third quarter was in line with the expectations set out in our 2016 interim results announcement. On a constant currency basis, total Group revenues for the period from 1 April 2016 to 30 June 2016 increased by 4.8%, with like-for-like sales growth of 3.0% and net contract gains of 1.8%, compared with the same period last year. At actual exchange rates, given the weakening of Sterling against major European currencies compared with the same period in the prior year, total Group revenues increased 9.0% year-on-year.

Like-for-like sales in the third quarter in the UK were robust and continue to benefit from passenger growth in the air sector. In Continental Europe the picture remains mixed, with good performances in Spain and a weaker trading environment in France and Belgium resulting from the on-going impact of the geopolitical incidents in Paris and Brussels and industrial action. In North America, good like-for-like sales growth is being driven by passenger growth in the air sector. In the Rest of the World, like-for-like sales continue to be impacted by the fall in passenger numbers in Egypt and the on-going slowdown in passenger growth in China.

For the nine month period from 1 October 2015 to 30 June 2016, total Group revenues increased by 5.5% on a constant currency basis, including like-for-like sales growth of 3.2%, net contract gains of 1.9% and a further 0.4% arising from the additional leap year day.  At actual exchange rates, total Group revenues increased 6.0% year-on-year.

Outlook
The second half of the financial year 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 continue to benefit from the structural growth opportunities in our markets and to create further shareholder value.

Currency
Trading results from outside the UK are converted into Sterling at the average exchange rates for the period. The overall impact on revenue of the movement of foreign currencies (principally the Euro, US dollar, Swedish Krona, and Norwegian Krone) during the first three quarters of 2016 compared to the 2015 average was +0.5%. If the current spot rates were to continue for the rest of 2016, we would expect a positive effect for the full year of approximately +3.0%.

2016 full year results announcement

The Group’s results for the year ending 30 September 2016 are expected to be released on 29 November 2016.

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

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