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Compass Group expects 5.5% revenue growth in half-year results

30th Mar 2015 - 09:16
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Abstract
Compass Group is expecting organic revenue growth towards 5.5% as it prepares to announce its results for the half year to March 31st 2015.

The group is also expecting an operating profit margin improvement of around 10 basis points (0.1%) globally and also in the Europe & Japan market.

Compass’s Europe & Japan market is expected to see organic revenue growth of around 0.5%, with the group citing improving levels of new business wins and retention rates.

Like-for-like revenue growth is modest globally, but remains negative for the Europe & Japan market.

A trading update statement said: “Compass is having a strong first half and our expectations for the full year remain positive. However, the economic environment in some of our emerging markets is uncertain, and lower commodity prices are impacting our offshore and remote business.

“Nevertheless, our pipeline of new contracts is encouraging, and our continued focus on organic growth and efficiencies gives us confidence in achieving another year of delivery. In the longer term, we remain excited about the significant structural growth opportunities globally and the potential for further revenue and margin growth.”

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PSC Team