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Retail

SSP adds name to growing list of coronavirus warnings

Travel restrictions have had a major impact on its food and drink concessions in airports and railways stations

SSP PLC (LON:SSPG) joined the growing list of companies warning about the impact of coronavirus with its outlets in Asia-Pacific seeing a 50% sales slump in February.

Travel restrictions have had a major impact on its food and drink concessions in airports and railways stations in the region, which accounts for about 8% of total sales.

Added to the impact in the Middle East and India, this will knock about £10m - £12mlm from revenue in the month, with a corresponding reduction in operating profit of approximately £4m - £5m.

SSP added trading elsewhere has been on track but how long the Covid-19 virus epidemic will last makes the outlook for the financial year uncertain.

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