Compass has delivered another strong performance, hitting 100% of pre-Covid revenues by the end of the period, which is a ‘major milestone’ for the business. Operationally, the Group has seen a notable recovery in its business & industry sector, as more clients use free food and events to entice people back to the office.
Dominic Blakemore, group chief executive of Compass Group PLC, said: “We continue to recover strongly from the pandemic and have achieved the important milestone of revenue exceeding our pre-Covid level on a run rate basis.
“Although we expect inflation to increase and continue at a heightened level in the medium term, we have a resilient business model to help mitigate this challenge. Inflation also provides a further impetus to outsourcing as organisations seek savings, and we are capturing this growth opportunity as demonstrated by our record new business wins.”
Compass achievements include:
- Providing food for Ukrainian refugees using their expertise in food preparation and logistics to mobilise at scale
- Rolling out carbon labelling and the plant forward signature burger across its UK stadia at the start of the 2022/23 season
- Mobile ordering fully enabled across B&I sector in North America to support re-opening
- Opened first frictionless store at Flutter in Ireland to enable shoppers to purchase without having to wait in line or stop to scan and pay