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.

  • Jul- 2022 -
    18 July
    RestaurantsTortilla revenue soars 60% in H1

    Tortilla revenue soars 60% in H1

    Tortilla has welcomed strong top-line growth during the first half of FY22, with group revenue soaring 60% to £26.9m, or an increase of 55% excluding the impact of the Chilango acquisition.  The group said this performance was underpinned by growing customer demand for Tortilla’s food as well as the group’s…

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  • 14 July
    Catering CompaniesSSP Group Q3 revenue hits 87% of pre-pandemic levels

    SSP Group Q3 revenue hits 87% of pre-pandemic levels

    SSP Group plc has seen its revenue continue to strengthen in Q3, with revenue at 89% of 2019 levels in the seven weeks since the group’s interim results on 24 May, and at 87% of 2019 levels in Q3 overall.  According to the company’s recent performance and the current strength…

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  • May- 2022 -
    24 May
    BusinessSSP revenues surge 212.9% as travel rebounds

    SSP revenues surge 212.9% as travel rebounds

    The SSP Group has reported its revenues surged 212.9% year-on-year to £803.2m for the six month period ended 31 March 2022 (H2), recovering “strongly” with 64% growth compared to pre-Covid levels as the travel sector rebounds.  SSP operates brands such as Upper Crust and Ritazza, as well as franchises for…

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  • Dec- 2021 -
    9 December
    BusinessSSP Group revenue falls 41% in FY21

    SSP Group revenue falls 41% in FY21

    SSP Group, a global operator of food and beverage outlets, has announced its revenue fell by 41.8% from £1.43bn in 2020 to £834.2m in the year ending 30 September 2021, and by 70.1% compared to 2019 levels. The group’s operating loss was £309.2m in FY21, including credit for non-underlying net…

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  • Nov- 2021 -
    26 November
    Catering CompaniesSSP Group names Patrick Coveney as CEO

    SSP Group names Patrick Coveney as CEO

    SSP Group has announced the appointment of Patrick Coveney to the role of CEO, effective 31 March 2022. Coveney joins SSP from Greencore Group plc, where he held the CEO position since 2008, following more than two years as chief financial officer (CFO).  According to SSP, Coveney “transformed” Greencore into…

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  • Sep- 2021 -
    1 September
    BusinessSSP Group appoints new deputy CEO

    SSP Group appoints new deputy CEO

    SSP Group, an operator of food and beverage outlets in travel locations worldwide, has announced that Jonathan Davies has been appointed as deputy CEO. He will step into the position with immediate effect, and will also continue in his current role of CFO. This follows the recent announcement that Simon…

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  • Jul- 2021 -
    20 July
    Pubs and BarsMarstons announces director shakeup

    Marstons announces director shakeup

    Pub group Marston’s, has announced that Carolyn Bradley, a non-executive director and senior independent director will step down from her role with effect from 31 July 2021. Bradley will instead join the board of TheWorks.co.uk as its newest chairman following an annual general meeting on 30 September 2021. She is…

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  • 14 July
    PeopleSSP CEO Simon Smith to step down

    SSP CEO Simon Smith to step down

    SSP Group, the food and beverage travel outlet operator, has announced that Simon Smith is stepping down from his role as group CEO. Smith advised the firm’s board that he will be leaving at the end of 2021 to pursue a new opportunity at a private equity-backed business. Prior to…

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  • Jun- 2021 -
    9 June
    BusinessSSP H1 losses widen to £300m

    SSP H1 losses widen to £300m

    SSP Group, the travel food and beverage outlets operator, saw its pre-tax loss on a reported basis under IFRS 16 spike to £299.7m for the six months ended 31 March 2021. The 774% increase in losses can be attributed to a 78.8% year-on-year decline in group revenues, falling from £1.21bn…

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  • Mar- 2021 -
    17 March
    Catering CompaniesSSP to raise £475m from shareholders

    SSP to raise £475m from shareholders

    SSP Group, the airport and railway caterer, has announced its intentions to raise £475m from its shareholders through a fully underwritten 12 for 25 rights issue. The owner of Upper Crust and Camden Food Co has also secured an extension of its bank facilities to January 2024. The measures are…

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