Compass Group 1Q 2019 Organic Revenue Up 6.9%; To Beat Fiscal Year Target
07 Fevereiro 2019 - 5:53AM
Dow Jones News
By Ian Walker
Compass Group PLC (CPG.LN) said Thursday that organic revenue
grew 6.9% in the first quarter of fiscal 2019 and it expects the
full year to be slightly ahead of the middle of its targeted
range.
The support services company added that it continues to make
progress with its disposal program and will give more information
when it reports half-year earnings in May.
The company previously announced that it was managing its
portfolio to increase focus on food and was in the process of
selling up to 5% of revenues in noncore businesses.
Compass said last November at the time of its earnings for the
year ended Sept. 30 that it expected organic growth for fiscal 2019
to be in the middle of its 4%-6% range with modest margin
progression.
Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
(END) Dow Jones Newswires
February 07, 2019 02:38 ET (07:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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