Last checked at 24 Jan 2018 07:00
Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68
24 January 2018
Regional restatement
As announced on 18 December 2017, following the appointment of Dominic Blakemore as Deputy Chief Executive (now Chief Executive), Compass has eliminated the role of Chief Operating Officer - Europe. As a result, we have made a small change to our regional reporting structure, moving Turkey out of our European region into our Rest of World region. Our North American region is unchanged.
To enable comparison with prior periods we are providing restated 5 year historical figures for the new regional structure. While these restatements affect regional results, they do not affect the Group's overall income statement, balance sheet, or cash flow.
Reported figures £'s million | Full Year | ||||||||||||
| Europe |
| ROW | ||||||||||
|
|
|
| ||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 |
| 2017 | 2016 | 2015 | 2014 | 2013 | ||
Revenue |
| Old | 5,911 | 5,458 | 5,192 | 5,421 | 5,641 |
| 3,619 | 3,215 | 3,290 | 3,438 | 3,766 |
|
| Net restatement | (313) | (287) | (269) | (273) | (287) |
| 313 | 287 | 269 | 273 | 287 |
|
| New | 5,598 | 5,171 | 4,923 | 5,148 | 5,354 |
| 3,932 | 3,502 | 3,559 | 3,711 | 4,053 |
|
|
|
| ||||||||||
Organic revenue growth | Old | 1.6% | 2.8% | 2.2% | -0.9% | -2.4% |
| -2.5% | -1.2% | 5.9% | 6.1% | 7.6% | |
New | 0.9% | 2.3% | 1.8% | -1.7% | -3.2% |
| -1.2% | -0.6% | 6.2% | 6.6% | 8.6% | ||
|
|
|
| ||||||||||
Operating profit | Old | 428 | 394 | 374 | 386 | 392 |
| 248 | 218 | 241 | 249 | 270 | |
Net restatement | (17) | (15) | (14) | (14) | (17) |
| 17 | 15 | 14 | 14 | 17 | ||
New | 411 | 379 | 360 | 372 | 375 |
| 265 | 233 | 255 | 263 | 287 | ||
|
|
|
| ||||||||||
Margin | Old | 7.2% | 7.2% | 7.2% | 7.1% | 6.9% |
| 6.9% | 6.8% | 7.3% | 7.2% | 7.2% | |
New | 7.3% | 7.3% | 7.3% | 7.2% | 7.0% |
| 6.7% | 6.7% | 7.2% | 7.1% | 7.1% | ||
|
|
|
| ||||||||||
Cash flow | Old | 360 | 303 | 296 | 321 | 384 |
| 202 | 217 | 174 | 200 | 202 | |
Net restatement | (15) | (15) | (3) | 1 | (14) |
| 15 | 15 | 3 | (1) | 14 | ||
New | 345 | 288 | 293 | 322 | 370 |
| 217 | 232 | 177 | 199 | 216 | ||
|
|
|
| ||||||||||
ROCE | Old | 11.4% | 10.9% | 11.5% | 12.0% | 11.7% |
| 26.1% | 25.1% | 20.8% | 18.7% | 18.7% | |
New | 11.5% | 11.1% | 11.8% | 12.3% | 12.0% |
| 23.5% | 21.7% | 18.9% | 17.1% | 17.0% | ||
Reported figures in £'s million | Half Year | |||||||||||||
| Europe |
| ROW | |||||||||||
|
|
|
| |||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 |
| 2017 | 2016 | 2015 | 2014 | 2013 | |||
Revenue |
| Old | 3,023 | 2,722 | 2,689 | 2,813 | 2,878 |
| 1,802 | 1,526 | 1,680 | 1,695 | 1,867 | |
|
| Net restatement | (163) | (144) | (149) | (140) | (147) |
| 163 | 144 | 149 | 140 | 147 | |
|
| New | 2,860 | 2,578 | 2,540 | 2,673 | 2,731 |
| 1,965 | 1,670 | 1,829 | 1,835 | 2,014 | |
|
|
|
| |||||||||||
Organic revenue growth | Old | 1.6% | 3.7% | 1.3% | -1.0% | -2.9% |
| -5.1% | 1.7% | 6.5% | 7.3% | 7.6% | ||
New | 1.0% | 3.2% | 0.7% | -1.8% | -3.7% |
| -3.8% | 2.5% | 7.1% | 7.2% | 8.8% | |||
|
|
|
| |||||||||||
Operating profit | Old | 226 | 201 | 199 | 206 | 207 |
| 113 | 97 | 115 | 117 | 131 | ||
Net restatement | (11) | (10) | (9) | (8) | (14) |
| 11 | 10 | 9 | 8 | 14 | |||
New | 215 | 191 | 190 | 198 | 193 |
| 124 | 107 | 124 | 125 | 145 | |||
|
|
|
| |||||||||||
Margin | Old | 7.5% | 7.4% | 7.4% | 7.3% | 7.2% |
| 6.3% | 6.4% | 6.8% | 6.9% | 7.0% | ||
New | 7.5% | 7.4% | 7.5% | 7.4% | 7.1% |
| 6.3% | 6.4% | 6.8% | 6.8% | 7.2% | |||
|
|
|
| |||||||||||
Cash flow | Old | 200 | 138 | 130 | 151 | 162 |
| 76 | 57 | 46 | 71 | 74 | ||
Net restatement | (5) | (6) | 2 | 2 | (3) |
| 5 | 6 | (2) | (2) | 3 | |||
New | 195 | 132 | 132 | 153 | 159 |
| 81 | 63 | 44 | 69 | 77 | |||
Enquiries:
Sandra Moura, Head of Investor Relations & Corporate Affairs +44 (0) 1932 573000
www.compass-group.com
Notes to Editors: Compass Group PLC is the world's leading food service company, which generated annual revenues of £22.6 billion in the year to 30 September 2017. It operates in around 50 countries, employs over 550,000 people and serves over 5.5 billion meals a year. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.