SSP Group plc Reports Revenue Results for the First Quarter Ended December 31, 2017; Provides Sales Guidance for the Financial Year Ending September 30, 2018
January 23, 2018 at 02:00 am EST
SSP Group plc reported revenue results for the first quarter ended December 31, 2017. For the quarter, total group revenue increased by 13.5% on a constant currency basis, comprising like-for-like sales growth of 2.7%, net contract gains of 8.1%, and the acquisition of TFS, joint venture in India, adding a further 2.7% to sales. Total group revenue growth at actual exchange rates was 12.2%.
The company provided sales guidance for the financial year ending September 30, 2018. Looking forward to the full year, the company's expectation for like-for-like sales growth for the Group remains unchanged, at between 2% and 3%.