Profit jumps at Upper Crust owner SSP despite sluggish European performance Business In the 2024 financial year, the firm's operating profit jumped by 23 per cent to £206m, up from £167m last year. Pretax profit rose by 35 per cent.
SSP Group: Upper Crust owner’s shares soar on back of impressive sales Upper crust Travel food specialist SSP Group has continued its momentum from of May's half-year results, thanks to continuous increases in demand for leisure travel.
‘Bad news’ for Upper Crust owner after watchdog calls for more rail station catering competition Retail The Office of Rail and Road has been investigating whether a lack of competition in railway station catering has been bumping up costs for passengers.
Eateries operator SSP resumes dividend, targets higher 2024 sales December 5, 2023 The Starbucks franchisee said it continued to benefit from recovery in travel.
SSP: Upper Crust owner’s UK recovery hampered by rail strikes as commuters stop buying baguettes February 16, 2023 Upper Crust owner SSP has seen the recovery in its UK arm hampered by repeated waves of strike action across railway networks. The company, which runs food outlets at transport sites such as airports and railway stations, revealed the performance of its UK and Ireland business lagged behind other regions globally due to train strike [...]
Upper Crust owner posts elevated sales as passengers face lengthy airport queues July 14, 2022 Upper Crust and Ritazza sites saw quarterly sales elevated as passengers flocked back to railway stations and airports. Travel food operator SSP said on Thursday its revenue had recovered to 87 per cent of 2019 levels for the third quarter, including a benefit from price hikes. It accredited the sales boost to an ongoing recovery [...]
Upper Crust owner SSP’s boss to step down at end of the year July 14, 2021 Upper Crust and Ritazza owner SSP today said that chief executive Simon Smith would leave the firm at the end of the year. The firm said that Smith was departing to join a private equity-backed firm. SSP has started the search for a successor for Smith, who joined the business in 2014 and became chief [...]
Upper Crust owner SSP sees losses widen on Covid travel restrictions June 9, 2021 Upper Crust owner SSP today said its half year losses had widened as Covid travel restrictions battered sales. The London-based food provider, whose outlets are focused on travel hubs such as train stations, fell to an underlying pre-tax loss of £182m compared with a £10.7m loss in the same period in 2020. Like-for-like sales and [...]
SSP plots £475m rights issue to patch up battered balance sheet March 17, 2021 Upper Crust owner SSP today said that it would raise £475m through a rights issue to shore up its battered finances amid the ongoing pandemic. The travel food provider announced the raise as part of a suite of measures to tackle problems on its ailing balance sheet, warning that revenue would not return to pre-pandemic [...]
Upper Crust owner SSP swings to huge loss as travel restrictions continue December 17, 2020 Upper Crust owner SSP swung to a huge loss this year as the travel food operator’s sales suffered a sharp drop due to a reduction in passenger numbers. Profit plunged from £197.2m in 2019 to a loss of £425.8m in the year ended 30 September as the impact of coronavirus restrictions hurt sales. SSP reported [...]