SSP Group
Coverage tracks the strategy, performance, and global operations of this major travel foodservice specialist, including contract wins, brand partnerships, trading updates, format innovation, and expansion across airports, rail stations, and service areas. Reporting offers insights for operators and suppliers monitoring high-footfall, transit-focused hospitality environments and the evolution of concession-based dining.
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Jul- 2024 -10 JulyNews
Today’s news in brief – 10/07/24
SSP Group will maintain its profit guidance for the year as Q3 sales rose 16%. Due to an increasing demand for leisure travel, the operator of F&B outlets in travel locations has also reported that the second half of 2024 started off well with a strong sales performance across all…
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10 JulyCatering Companies
SSP Group maintains profit guidance as Q3 sales rise 16%
The operator of F&B outlets in travel locations, SSP Group, has revealed its full-year guidance will remain unchanged as it recorded a sales rise of 16% during the third quarter to 30 June. It comes as the group’s like-for-like sales grew 6% during the period off the back of its…
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Jun- 2024 -12 JuneNews
Today’s news in brief – 12/06/24
Heston Blumenthal’s Fat Duck Group posted a pre-tax loss of £1.4m for the year ended 28 May 2023. In documents filed on Companies House, the parent company of Fat Duck and the Hinds Head pub in Bray saw a dip in turnover from £11.5m in 2022 to £9.5m in 2023.…
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12 JuneRestaurants
SSP and The Breakfast Club open first railway site at St Pancras
F&B provider in travel locations, SSP Group, has partnered with The Breakfast Club and St Pancras International to open the all-day breakfast chain’s first outlet in a UK train station. SSP and The Breakfast Club’s partnership began in 2023, with the aim of bringing the chain to the travelling public. …
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May- 2024 -24 MayNews
Today’s news in brief – 24/05/24
SSP Group has reported a 19% rise in revenues to £1.5bn in H1. The global travel concessions operator also revealed that it is on track to deliver on its full-year expectations. The group expects FY24 demand for travel to remain resilient despite macroeconomic and political uncertainty. Spaces at The Spine…
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24 MayFood and Drink
SSP Group revenues rise 19% to £1.5bn in H1
Global travel concessions operator, SSP Group, has reported that it is on track to deliver on its full-year expectations, as revenues rose 19% on a constant currency basis to £1.5bn during the half-year ended 31 March. This comes as like-for-like sales rose 12% during H1, with a very strong performance…
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Feb- 2024 -13 FebruaryFood and Drink
SSP secures 10-year contract with Liverpool John Lennon Airport
SSP Group has secured a new deal with Liverpool John Lennon Airport, which will see the operator of travel F&B outlets extend its operations at the airport until at least 2036. As part of the contract extension, SSP has announced that all of its existing units will be refurbished, rebranded…
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Dec- 2023 -19 DecemberNews
Today’s news in brief – 19/12/23
Drinks sales in managed venues fell by 9% for the week ending 9 December, compared with the same period last year. Alcohol categories struggled due to World Cup comparatives, while midweek performance suggests modest average growth. As festive occasions approach, operators seek to maintain footfall amidst weather and rail strike…
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19 DecemberFood and Drink
SSP further expands in North America and Middle East
SSP Group has acquired Calgary-based ECG Ventures Limited and has signed a new contract with Jeddah Airport to operate three F&B packages. The group’s expansion within North America and the Middle East comes as SSP aims to pivot into higher growth markets. SSP’s acquisition of ECG in Canada will see…
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6 DecemberFood and Drink
SSP Group revenues hit £3bn in FY23
SSP Group revenues rose 38% to £3bn for the full year ended 30 September, as EBITDA doubled to £280m compared with last year. The group attributed its performance to strong revenue growth and profit conversion, with H2 revenues growing by 25% on a constant currency basis. While the group saw…
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