Business
Half Year Results Announcement
Half Year Results Announcement.
About this update from Compass Group Plc
[{"type":"text","content":"\n\n\n \nHalf Year Results Announcement for the six months ended 31 March 2025\n \n\n\n\n\n\n\n\nUnderlying1 results\n\n\nStatutory results\n\n\n\n\nHY 2025\n\n\nHY 2024\n\n\nChange\n\n\nHY 2025\n\n\nHY 2024\n\n\nChange\n\n\n\n\nRevenue\n\n\n$22.6bn\n\n\n$20.7bn2\n\n\n8.5%3\n\n\n$22.6bn\n\n\n$20.7bn\n\n\n8.8%\n\n\n\n\nOperating profit\n\n\n$1,627m\n\n\n$1,458m2\n\n\n11.6%2\n\n\n$1,476m\n\n\n$1,420m\n\n\n3.9%\n\n\n\n\nOperating margin\n\n\n7.2%\n\n\n7.1%\n\n\n10bps\n\n\n6.5%\n\n\n6.8%\n\n\n(30)bps\n\n\n\n\nEarnings per share\n\n\n64.5c\n\n\n58.3c2\n\n\n10.6%2\n\n\n54.2c\n\n\n50.4c\n\n\n7.5%\n\n\n\n\nOperating cash flow\n\n\n$1,161m\n\n\n$1,114m\n\n\n4.2%\n\n\n$1,336m\n\n\n$1,330m\n\n\n0.5%\n\n\n\n\nFree cash flow\n\n\n$743m\n\n\n$704m\n\n\n5.5%\n\n\n\n\n\n\n\n\n\n\n\n\n\nInterim dividend per share\n\n\n22.6c\n\n\n20.7c\n\n\n9.2%\n\n\n22.6c\n\n\n20.7c\n\n\n9.2%\n\n\n\n\nStrong net new business and double-digit underlying operating profit growth\nDelivering profit growth ahead of revenue growth:\n• Underlying operating profit increased by 11.6%2\n• Organic revenue up 8.5% with continued strong net new business growth of 4.4%\n• Secured new business of $3.6bn (LTM4), an 8.5%2 increase year on year\n• Strong client retention rate of over 96%\nInvesting for future growth:\n• $1.7bn net expenditure on capex (3.0% of underlying revenue) and M&A ($1bn)\n• Expanding our total addressable market through further sub-sectorisation and use of technology\n• Unlocking opportunities in our core markets: nearly 75% still self-operated or managed by regional players\nResilient business model:\n• Diverse sector portfolio, wide-ranging client base, flexible operating models and significant purchasing scale\n• Decentralised business model with predominantly local sourcing and supply chain\n• Well placed to benefit from any increase in outsourcing due to macroeconomic pressures\n• Completed portfolio reshaping following divestments of Chile, Colombia, Mexico and Kazakhstan\nOutlook unchanged:\n• For 2025, we continue to expect high single-digit underlying operating profit growth2 driven by organic revenue growth above 7.5% and...