Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


SSP Group Results for the Year Ended 30 September 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.

     (Logo: 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! Sushi in Norway and the first ever Starbucks outlets in both Norway and Finland; exciting new brand partnerships in Asia, including Hung's Delicacies, Taji Tea, and Tai Hing;  and the continued international roll out of SSP's own brands, including Caffè Ritazza, Upper Crust, Camden Food and Le Grand Comptoir

Andrew Lynch, CEO of SSP, said:

"2012 has been another successful year for SSP, and I am pleased to report that we have delivered a strong trading performance as we have continued to benefit from a broad geographic presence, an outstanding portfolio of brands, and the ongoing resilience of the core airport and railway travel markets in which we operate.

We have continued to invest in the long term growth of the business and have been successful in winning a number of major new contracts in growth markets during the year, most notably at Phoenix and JFK airports in the USA and at Hangzhou and Xian airports in China. Our contract retention rate has remained extremely high, and we continue to help some of the world's biggest brands enter new markets, whilst keeping up the momentum in developing and rolling out our own brands across the world.

The business continues to trade well and the current performance is in line with our expectations. We see a strong pipeline of opportunities, particularly in Asia and the USA, that should help offset the continuing economic uncertainty in the eurozone. Furthermore, we are confident that the underlying trends in our core markets will enable us to deliver further growth in sales and profits in 2013 and beyond."

                                  2012    2011  Actual  Constant
 
    Financial results             GBPm    GBPm FX Rates Currency
    Sales                      1,737.5 1,721.0   1.0%     3.2%
    Like for Like Sales Growth     2.7%    4.8%
   
    EBITDA*                      139.1   130.0   7.0%    10.0%                                                 
    EBITDA Margin %                8.0%    7.6%           

    Operating Profit*             61.5    51.6  19.2%    23.7%
    Operating Margin %             3.5%    3.0%  

    Capex                        (63.8)  (60.5)    -        -
    Operating Cash Flow           85.6    55.4     -        -
    Net Cash Flow                 41.4     7.4     -        -


*pre exceptional costs

NOTES TO EDITORS:


About SSP:

SSP is the leading dedicated provider of food and beverage brands in travel locations, operating restaurants, bars, cafés, food courts, lounges and convenience stores in airports, train stations, motorway service stations and other leisure locations. With a heritage stretching back over 60 years, today SSP has 30,000 employees serving over a million customers every day. It has business at over 140 airports and over 250 rail stations, and operates more than 2,100 units in 30 countries around the world.

SSP operates an extensive portfolio of over 200 international, national, local and speciality brands. These include Upper Crust, Starbucks, Caffè Ritazza, Burger King, M&S Simply Food, Millies Cookies, O'Learys, Caviar House & Prunier, Ajisen Ramen and Saboten, as well as stunning bespoke concepts such as the Montreux Jazz Café in Geneva and the award winning Center Bar at Zurich.  

Its brand portfolio is tailored for each specific location, depending on variables such as passenger profile, consumer need states, location type, size and design.

http://www.foodtravelexperts.com

CONTACTS:
SSP
Tel: +44(0)1932-792-403
Andrew Lynch, Chief Executive Officer
Jonathan Davies, Chief Financial Officer

Powerscourt (media enquiries)
Tel: +44(0)20-7250-1446
Victoria Palmer-Moore / Rob Greening / Lisa Kavanagh


About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
General Electric (GE) has been a household name for more than a century, thanks in large part to its role in making households easier to run. Starting with the light bulb invented by its founder, Thomas Edison, GE has been selling devices (“things”) to consumers throughout its 122-year...
With the growing number of CSS Preprocessors like LESS, Sass, Turbine, Stylus and Swith CSS to name a few, it’s hard to decide which to choose for your project, and which will provide the best CSS authoring. Rather than focus on evaluating every CSS Preprocessor (that would simply take...
Enterprise applications are increasing in complexity, with multi-tier and distributed applications being the new standards for dealing with high-volume, high-scale requirements. In many development environments, the ideal scenario is to enable DevOps teams to manage dev/test environmen...
Cloud computing in the form of Infrastructure-as-a-Service (IaaS) has revolutionized the expectations of IT. Infrastructure that used to take weeks to months to provision is now available in minutes. Moreover, most of the traditional drawbacks associated with infrastructure have disap...
Machine-to-machine (M2M) technology and the resulting Internet of Things are leading us inexorably toward everything-as-a-service (XaaS). As more things get connected, the range of service opportunities expands. And as those services are presented online, they become available for use,...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE