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Pin to quick picksCompass Group Share News (CPG)

Share Price Information for Compass Group (CPG)

London Stock Exchange
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Share Price: 2,256.00
Bid: 2,253.00
Ask: 2,254.00
Change: 5.00 (0.22%)
Spread: 1.00 (0.044%)
Open: 2,250.00
High: 2,257.00
Low: 2,228.00
Prev. Close: 2,251.00
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Compass Group reports quarterly revenue growth, maintains guidance

Tue, 25th Jul 2023 08:41

(Alliance News) - Compass Group PLC on Tuesday reported strong organic growth in its financial third quarter and left its full-year guidance unchanged.

The Chertsey, Surrey-based firm said organic revenue growth was 15% in the three months to June 30, which includes 14% growth in North America, 17% in Europe and 20% for the rest of the world. Meanwhile, group organic revenue growth for the year-to-date was 21%.

Compass reiterated its annual guidance, expecting operating profit growth of 30% on a constant-currency basis, which is to be delivered through organic revenue growth of around 18% and an underlying operating margin in the range of 6.7% to 6.8%.

The company added it continues to focus on acquisitions, noting its net expenditure on acquisitions and disposals is currently GBP272 million.

Shares in Compass were down 3.9% at 2,042.48 pence each in London on Tuesday morning.

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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18 Jul 2023 15:43

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1 Jun 2023 15:52

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16 May 2023 09:49

LONDON BROKER RATINGS: Liberum cuts Greggs; RBC raises AB Foods

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RBC Capital lifts Compass price target after results

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*

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10 May 2023 09:31

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