SSP announces revenue boost in first quarter results

18 January 2019 by
SSP announces revenue boost in first quarter results

Upper Crust and Le Grand Comptoir operator SSP has announced an uptick in revenues and like for like sales in its first quarter results.

Describing the numbers as a "good start to the financial year", the firm said it had experienced 7.7% revenue growth in its first-quarter results from 1 October to 31 December, along with a like for like sales increase of 2.5%.

The international brand saw similar like for likes across Europe, the US and the rest of the world - however the firm admitted its figures for continental Europe were affected by the gilet jaunes protests in France.

In a statement the firm added: "Net contract gains at 3.8% were slightly ahead of our expectations and were driven by significant contributions from North America and the Rest of the World.

"Looking forward to the rest of FY 2019, our latest expectation is for net gains to be a little ahead of our previous guidance of c.3%, largely a reflection of new contract wins in the first quarter, particularly in North America."

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TagsFinance and SSP
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