The third quarter trading update shows total group revenues for the period were up 4.1%, on a constant currency basis. At actual currency rates, given the strengthening of Sterling against major European currencies, total group revenues decreased by 0.1% year-on-year.
Like-for-like sales in the third quarter benefited from strong growth in the UK, passenger growth in the air sector, and in North America, driven by the performance of Terminal 4 at New York’s JFK airport.
The Rest of the World division (encompassing Eastern Europe, Middle East and Asia Pacific) also delivered healthy like-for-like sales growth, whereas Continental Europe experienced a more challenging trading environment, notably in France and Germany.
For the nine-month period, ending 30th June 2015, total group revenues increased 3.1% on a constant currency basis, with like-for-like sales growth of 3.1%, compared with the same period last year.
At actual currency rates, total group revenues over the same period decreased by 0.5% year-on-year.
The trading statement reads: “The outlook for the group remains unchanged from that outlined in our 2015 interim results. While, as always, a degree of uncertainty exists around passenger numbers in the short-term, the group remains well positioned to capitalise on the underlying positive trends in its markets.”
SSP Group’s full year results, for the year ending 30th September 2015, will be released on 26th November 2015.