Compass boasts good first half

The food to facilities services company says the six months to the end of March saw strong trading across the group, though the UK and parts of Europe continue to face challenging times.

Compass reports that positive performance in the first quarter continued into the second, and its expectations for the full year remain unchanged. Total revenue growth is expected to be around 8.5% in the first half of the year, with organic growth set to be up by nearly 5%. The best performing sectors were North America and Fast Growing & Emerging Markets.

Overall, like for like revenue growth was positive, though it is below the levels of the first half of last year, Compass says. It attributes this to difficult economic conditions continuing to impact the UK and parts of Europe.

Looking towards the second half of the year, the company says that despite current economic uncertainties it remains positive about the opportunities to grow the business and it is encouraged by its pipeline of new business.

Leave a Reply