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Latest News | News | Hemscott: "Alpha Airports sees overall trading in line; wins 150 mln stg deals
LONDON (AFX) - Alpha Airports Group PLC said overall trading for the year to end-Jan is expected to be broadly in line with market expectations, although it continues to operate on low margins in the competitive UK market.
The airport retailer and caterer said the security issues and restrictions of 2006 are still impacting on its outlets and are expected to continue to be a factor. Performance of its international businesses remains strong despite the ongoing security issues, it added.
Separately, the company also said it has won two seven-year contracts - one worth an estimated 130 mln stg in sales from East Midlands Airport and one worth about 20 mln stg in sales from Bournemouth Airport - to develop and operate retail spaces.
Alpha said it will spend over 2 mln stg in developing and refitting existing units at East Midlands, and that it plans to invest 400,000 stg at Bournemouth"