LONDON (ShareCast) - (ShareCast News) - Global food travel operator SSP Group said it expected full-year revenue to increase 11.4% after a rise in fourth quarter passenger numbers at airports.
SSP, which runs restaurants, bars and cafes at airports, train stations and motorway service stations, said fourth quarter group revenue would be up by 14.8% on a constant currency basis and 17.5% at actual rates due to the collapse in the pound after the Brexit vote.

Like-for-like sales were forecast to grow at 3%, net contract gains 8.5% and extra revenue from Travel Food Services in India of around 3.3%, the company said, adding that trading in the rail sector has remained soft during the quarter.

Contract gains benefited from a strong contribution from SSP's recently opened operations at Chicago Midway Airport, where it continued to operate additional units on a temporary basis for the full quarter.

"Looking forward, whilst a degree of uncertainty always exists around passenger numbers in the short term, particularly in the current environment, we are well placed to continue to benefit from the structural growth opportunities in our markets and to create further shareholder value," SSP said.

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