메뉴 건너뛰기

XEDITION

Board

Upper Crust Owner's Sales On The Rise As UK Commuters Return To The...

LorenePiddington2 2022.07.28 19:22 조회 수 : 0

By Muhammed Husain

Feb 4 (Reuters) - Britain's SSP, owner of Upper Crust and other catering brands, said on Friday that sales were recovering as people were commuting by train to work again after coronavirus curbs hit travel and slowed growth at its airport and rail station outlets.

SSP, which also runs Burger King and Jamie Oliver chains in travel locations, said its sales in the latest eight weeks to Jan. 30 were at around 57% of 2019 levels, just before the pandemic hit Europe.

However, they were down from the nine weeks before that when sales ran at 66% above 2019 levels.

The recent uptick in sales, following the lifting of restrictions in the UK and some European markets, was driven mainly by a rise in the number of rail passengers.

Shares in the London-listed firm, which operates in 36 countries, were up nearly 3% by 0925 GMT after it also said it made an underlying core profit in the first quarter to December, while net cashflow was broadly neutral.

Analysts said SSP was well placed to expand and take market share, while restoring margins, as leisure travel could recover fully even as business travel remains uncertain.

"The range of potential recovery outcomes seems very wide at this stage, which SSP now has the balance sheet to contend with," Stifel analyst Mark Irvine-Fortescue said in a note.

SSP raised 450 million pounds ($610.65 million) in a rights issue last April to see itself through the crisis.

This month, it fully repaid 300 million pound in COVID-19 government financing, leaving it with 630 million pounds of available liquidity.

The turnaround at SSP follows a lengthy period of making losses in the wake of the pandemic. The company returned to profit in the fourth quarter ending September 2021.

SSP still expects its revenue and profit margins to broadly return to 2019 levels by 2024.

($1 = 0.7367 pounds) ($1 = 0.7369 pounds) (Reporting by Muhammed Husain in Bengaluru; Editing by Subhranshu Sahu and Susan Fenton)

번호 제목 글쓴이 날짜 조회 수
56 What You Do Not Know About Video Chatting EIKFilomena0056677517 2024.02.14 1
55 WHAT IS THE YOUTUBE MP3 CONVERTER? GeorgeRumsey416867 2023.09.09 0
54 Facebook - What's It? SpencerEncarnacion5 2023.06.30 0
53 Pragmatic: NewSlot88 Situs Judi Slot Online & Slot88 Gacor Pulsa StevieDonahue045399 2022.12.02 0
52 Pragmatic: NewSlot88 Situs Judi Slot Online & Slot88 Gacor Pulsa StevieDonahue045399 2022.12.02 0
51 Macam, Gabungan, Ukuran, Penuntasan, Dan Program Lembar Aluminium RandallMilton2030 2022.11.27 0
50 Keuntungan Serta Rugi Dari Aluminium Siding BridgetteBeem85146594 2022.11.25 0
49 New Movies Coming Out In 2022: Biggest New Films Including Marvel, DC, Netflix SungYfw66300955462075 2022.10.25 1
48 Spesialis Baja Ringan RomaGray22390014 2022.08.30 0
47 Kolam Lele Sangkuriang OdellCaesar6150109 2022.08.15 0
46 Deteksi Keragaman Genotip Hibrid Ikan Lele Sangkuriang, Mutiara Transgenik Dan Non Transgenik Pada Keturunan Pertama MitchellRbs85461324 2022.08.13 0
45 Olympics-Alpine Skiing-Cold Food Riles Germany Coach, U.S. Bring... ChelseaTrevascus 2022.07.29 0
» Upper Crust Owner's Sales On The Rise As UK Commuters Return To The... LorenePiddington2 2022.07.28 0
43 2 Menit Memiliki Rencana Menempatkan Aluminium Composite Panel (ACP) Namun Tidak Paham Berapakah Harga? Baca Harga Pasang ACP Per M2 Di Bawah Ini, Ya! LaurindaMoreira319 2022.05.28 1
42 Average National Furniture PamelaDonohue620 2022.05.21 0
41 Buying Up CameronAbner921507 2022.05.03 1
40 Romanian Escort Accused In Tamara Eccleston Raid Denies Involvement WBAJunko80069925 2022.03.29 0
39 On-line On Line Casino Scratch Playing Cards AnitaKinsey6898399 2022.03.24 0
38 Redrow Posts 17% Rise In Profits But Housebuilder Warns On RPD Tax Jermaine11G90468 2022.03.11 2
37 Fekunditas Dan Diameter Telur Ikan Lele Sangkuriang Clarias Gariepinus Hasil Budidaya ClaudioH447962807 2022.03.07 1
위로