Business
Full year results - year ended 30 Sept 17
Full year results - year ended 30 Sept 17.
About this update from Compass Group Plc
[{"type":"text","content":"\n \nRNS Number : 0772X Compass Group PLC 21 November 2017 \n\n Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68\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 EP...