Compass Group 1Q Performance Improves Vs 4Q; Backs Fiscal Year 2022 Guidance
03 Fevereiro 2022 - 4:53AM
Dow Jones News
By Michael Susin
Compass Group PLC said Thursday that its performance in the
first quarter of fiscal 2022 improved from the previous quarter,
boosted by new business, strong client retention and a limited
impact of the Omicron variant on its businesses.
The U.K. catering contractor said its performance in the three
months period ended Dec. 31 has improved across all regions with
four out of five sectors delivering revenue above 2019 levels.
Organic revenue for the quarter ended Dec. 31 rose 38.6%,
compared with a 32.9% increase in the preceding quarter.
The company said it has spent 87 million pounds ($118.1 million)
on acquisitions in North America and that it sees a strong pipeline
of acquisitions across all regions and sectors.
Compass said it expects full-year organic revenue growth of
20%-25% and an underlying operating margin of more than 6%, with an
exit rate of 7%, as guided in November.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
February 03, 2022 02:38 ET (07:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Compass (LSE:CPG)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Compass (LSE:CPG)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024
