SSP Group (LON:SSPG) saw their third quarter figures boosted by a growth in passenger numbers at UK airports, the company said in their latest set of quarterly results.
Revenue rose 5.8% in its fiscal third quarter, up 7.3 percent on a constant currency basis. Like-for-like sales growth jumped 2.7 percent, with the group boosted by gains from the acquisition of Stockheim.
“Like-for-like sales growth in the UK and Continental Europe was broadly in line with that seen in the first half of the year, driven by on-going growth in the air sector,” SSP said.
“As anticipated, trading in the rail sector continues to be softer, with some additional impact from strike action in France.”
The company, who have food outlets at airports internationally, said growth in North America, was also ‘good’, again driven by increasing air passenger numbers.
“Looking forward, 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,” SSP said.
SSP (LON:SSPG) shares are currently up 1.72 percent at 669.40 (1023GMT).
