SSP Group Results for the Year Ended 30 September 2012

SSP Group Results for the Year Ended 30 September 2012 PR Newswire LONDON, December 12, 2012 LONDON, December 12, 2012 /PRNewswire/ -- SSP Group, the leading dedicated operator of food and beverage brands in travel locations, announces its audited financial results for the year ended 30 September 2012. http://photos.prnewswire.com/prnh/20121212/582533 Financial and operational highlights Strong financial performance benefitting from continued recovery in global travel markets: Sales of £1.74bn, +3.2% (on a constant currency basis) Like-for-like sales growth of +2.7%, benefitting from strong performances in Asia Pacific, the USA and Scandinavia Strong underlying EBITDA growth of +10.0% to £139.1m (on a constant currency basis) Operating cash flow generation of £85.6m (2011: £55.4m) Net cash flow after interest of £41.4m (2011: £7.4m) Contract renewals of £168m (annual sales value), representing a retention success rate of 87%, with key renewals including: Geneva, Abu Dhabi, Gothenburg and Reno airports; and Birmingham New Street, London Bridge and Gare de Lyon railway stations New contract wins of £82m (annual sales value), including Phoenix and JFK airports in the USA, Xian and Hangzhou airports in China, and Nantes airport, Bordeaux railway station and Grenoble railway station in France Enhancements made to SSP's brand portfolio during 2012, including: the opening of the first ever YO!