SSP Group plc (LON:SSPG) shrugged off transport strikes in France and civil unrest in Hong Kong to grow first-quarter revenues by 7.5%.
The group operates food and drink outlets in airports and train stations and saw like-for sales rise by 1.2% as the UK, US and India did well and offset the ‘external headwinds’.
Expectations for the full year are like-for-like sales to improve and grow by “just below” 2%.
READ: SSP Group’s growth grounded by Boeing Max 737
SSP also intends to acquire German group Station Food, which will add £10mln to revenue in 2020.
The 28 new food and beverage units at German railway stations would be fully integrated in 2021.
Broker Liberum said: “We continue to believe that the stock offers good value given the resilient, high growth nature of the business, despite the ongoing market and economic challenges.”
Shares rose 3% to 684p on Tuesday morning.