World’s biggest caterer sees 3.9% organic growth
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

World’s biggest caterer sees 3.9% organic growth

The world’s biggest catering group, Compass Group Plc, has reported a 3.9% rise in organic revenue, driven by strong performance in the U.S. The British company serves over 5 billion meals each year in more than 50 countries, and said it was seeing “good” growth across all its divisions with the exception of oil and gas.

Compass Group said that adjusted organic growth for the quarter jumped by 7.8% in North America, year-over-year. This drove the company’s overall earnings, significantly beat analysts’ expectations, and masks the fact that all of Compass Group’s sub-sector groups saw strong growth in the region. The company also maintained its full-year margin expectations.

During the third quarter, the company saw growth in Europe, although it failed to live up to analysts’ expectations. Overall, the company logged 2.2% organic growth in the region, while its Rest of World segment saw a slight decline.

In a statement, the group said: “Compass had a good third quarter and our full year expectations remain positive and unchanged.  North America is performing strongly and we anticipate further progress in Europe and Rest of World in the fourth quarter.” 

“We remain focused on driving efficiencies throughout the business and our margin expectations for the full year are also unchanged. Looking to the longer term, we continue to be excited about the significant structural market opportunity globally and the potential for further revenue growth, margin improvement and continued returns to shareholders.”


Dominion holds Compass Group in its Global Trends Managed Fund.

If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.