Business
Q1 Trading Update
SSP Group plc reported encouraging first-quarter trading for FY26, with group like-for-like sales increasing by 5%, maintaining full-year guidance. North America saw 4% growth driven by net gains, while the UK & Ireland experienced an 8% rise with strong like-for-like sales. APAC and EEME showed significant growth of 17%, benefiting from normalized air capacity in India and strong net gains. Continental Europe's sales grew 1% despite weaker consumer sentiment. The company has completed £24 million of its £100 million share buyback program. Disclaimer*
About this update from Ssp Group Plc
[{"type":"text","content":"\n\n\n \n23 January 2026 LEI: 213800QGNIWTXFMENJ24\nQ1 TRADING UPDATE\nENCOURAGING EARLY TRADING MOMENTUM WITH GROUP LFL SALES UP 5%;\n FULL YEAR GUIDANCE UNCHANGED\nSSP Group plc (\"SSP\" or \"the Group\"), a leading operator of restaurants, bars, cafes and other food and beverage outlets in travel locations across 38 countries, issues a Trading Update for the first three months of its 2026 financial year (\"Q1\"), covering the period from 1 October 2025 to 31 December 2025.\nGroup trading performance\nThe positive trading momentum we saw in the first eight weeks of Q1 to 25 November, with like-for-like (\"LFL\") sales growth of 4% (as reported at our FY Results), has continued through the remainder of the quarter, with LFL sales growth of 5% for Q1 overall. As such, our expectations for FY26 remain unchanged.\n\n\n\n\nQ1 sales\n\n\n \n\n\nVs Last Year\n(constant FX rates)\n\n\n \n\n\nvs Last Year (actual FX rates)\n\n\n\n\nRegion\n\n\n \n\n\nLFL\n\n\nNet Gains\n\n\nOther*\n\n\nTotal\n\n\n \n\n\nTotal\n\n\n\n\nN.America\n\n\n\n\n\n1%\n\n\n3%\n\n\n0%\n\n\n4%\n\n\n\n\n\n0%\n\n\n\n\nC.Europe\n\n\n\n\n\n2%\n\n\n1%\n\n\n(2)%\n\n\n1%\n\n\n\n\n\n6%\n\n\n\n\nUK & I\n\n\n\n\n\n8%\n\n\n0%\n\n\n0%\n\n\n8%\n\n\n\n\n\n8%\n\n\n\n\nAPAC & EEME\n\n\n\n\n\n10%\n\n\n9%\n\n\n(2)%\n\n\n17%\n\n\n\n\n\n14%\n\n\n\n\nGroup\n\n\n \n\n\n5%\n\n\n2%\n\n\n(1)%\n\n\n6%\n\n\n \n\n\n6%\n\n\n\n\n*'Other' comprises impact from the ongoing staged exit of the unprofitable German MSA business and the loss of an element of reported sales in India, where these are now classified as associate sales and no longer consolidated.\nIn North America, sales grew by 4% YoY (on a constant currency basis) driven mainly by net gains as we continue to expand our share within the 57 airports in which we operate. Seasonal fluctuations and the US government shutdown created some LFL volatility during the quarter.\nIn Contin...