SSP Group PLC on Tuesday said it continued to anticipate on-year revenue and earnings growth for the current financial year, noting continued structural growth across the global travel industry.

The London-headquartered operator of food outlets at travel locations and owner of Upper Crust brand is holding its annual general meeting on Tuesday, telling shareholders that trading grew 11% on-year in the three months to December 31, its first financial quarter.

This was driven by a 33% jump in Asia Pacific and Eastern Europe & Middle East, followed by a 14% increase in North America. In the UK & Ireland, growth was 9%, with just 1% growth in Central Europe.

SSP highlighted continued structural growth across the travel industry around the world, with ‘strong’ sales performance across all regions.

Chief Executive Officer Patrick Coveney said: ‘We have made a good start to the new financial year. Our tightened agenda with a focus on driving returns from recent investments and enhancing efficiency to drive profitability is progressing well. Performance in the structurally growing and higher returning regions of North America and APAC & EEME, where we continue to invest, was particularly pleasing in the quarter. We are confident in our prospects for the balance of FY25 and beyond.’

SSP expects revenue of between £3.7 billion and £3.8 billion for the financial year that will end in September, at least 7.8% higher than £3.43 billion in financial 2024.

Earnings per share are anticipated to grow at least 15% to between 11.5 pence and 13.5p, from 10.0p. Operating profit is expected to climb a minimum of 12% to between £230 million and £260 million from £206 million a year prior.

SSP shares were up 5.2% to 180.30 pence each on Tuesday morning in London.

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