Business
Full year results for year ended 30 Sept 2017
Full year results for year ended 30 Sept 2017.
About this update from Compass Group Plc
[{"type":"text","content":"\n \nRNS Number : 0349X Compass Group PLC 21 November 2017 \n\n \n \n \n \nFull year results announcement for the year ended 30 September 2017\n\n\n\n\n \n\n\nUnderlying1 results\n\n\nStatutory results\n\n\n\n\n \n\n\n2017\n\n\n2016\n\n\nChange\n\n\n2017\n\n\n2016\n\n\nChange\n\n\n\n\nRevenue\n\n\n£22.9 billion\n\n\n£22.0 billion2\n\n\n4.0%3\n\n\n£22.6 billion\n\n\n£19.6 billion\n\n\n15.1%\n\n\n\n\nOperating profit\n\n\n£1,705 million\n\n\n£1,614 million2\n\n\n5.6%2\n\n\n£1,665 million\n\n\n£1,409 million\n\n\n18.2%\n\n\n\n\nOperating margin\n\n\n7.4%\n\n\n7.2%\n\n\n+20 bps\n\n\n7.4%\n\n\n7.2%\n\n\n+20 bps\n\n\n\n\nEarnings per share\n\n\n72.3 pence\n\n\n68.4 pence2\n\n\n5.7%2\n\n\n71.3 pence\n\n\n60.4 pence\n\n\n18.0%\n\n\n\n\nFree cash flow\n\n\n£974 million\n\n\n£908 million\n\n\n7.3%\n\n\n \n\n\n \n\n\n \n\n\n\n\nAnnual dividend per share\n\n\n33.5 pence\n\n\n31.7 pence\n\n\n5.7%\n\n\n33.5 pence\n\n\n31.7 pence\n\n\n5.7%\n\n\n\n\n \n \n1 Reconciliation of statutory to underlying results can be found on pages 34 - 35.\n2 Measured on a constant currency basis.\n3 Organic revenue growth.\n \nCompass reports another strong set of results. Organic revenue grew by 4%, operating margin improved by 20 basis points and we returned £1.6bn to shareholders. \n \n \n \nOrganic revenue growth of 4.0%\n· Growth accelerated in the second half as expected \n· Another excellent year in North America with organic revenue up 7.1%\n· Organic revenue grew by 1.6% in Europe\n· Rest of World declined by 2.5%, but excluding Offshore & Remote it grew by 3.0%\n \nMargin up 20bps\n· The Management and Performance (MAP) programme continues to drive operating efficiencies \n· Margin improvement benefitted from the end of restructuring plan in Offshore & Remote\n \nGrowth, performance and returns to shareholders: a proven and sustainable model \n· Free cash flow of £974 million, up 7.3% on 2016\n· Proposed annual dividend up 5.7%, in line with constant currency EPS\n· Total returns to sh...