Business
Half year results announcement
Half year results announcement.
About this update from Compass Group Plc
[{"type":"text","content":"\n \nRNS Number : 6648E Compass Group PLC 10 May 2017 \n\n \n \n \nHalf year results announcement for the six months ended 31 March 2017\n \n\n\n\n\n \n\n\nUnderlying1 results\n\n\nStatutory results\n\n\n\n\n \n\n\nHY 2017\n\n\nHY 2016\n\n\nChange\n\n\nHY 2017\n\n\nHY 2016\n\n\nChange\n\n\n\n\nRevenue\n\n\n£11.6 billion\n\n\n£11.2 billion2\n\n\n+3.6%3\n\n\n£11.5 billion\n\n\n£9.5 billion\n\n\n+20.3%\n\n\n\n\nOperating profit\n\n\n£894 million\n\n\n£850 million2\n\n\n+5.2%2\n\n\n£877 million\n\n\n£704 million\n\n\n+24.6%\n\n\n\n\nOperating margin\n\n\n7.6%\n\n\n7.4%\n\n\n+20bps\n\n\n7.6%\n\n\n7.4%\n\n\n+20bps\n\n\n\n\nEarnings per share\n\n\n37.9 pence\n\n\n36.4 pence2\n\n\n+4.1%2\n\n\n37.5 pence\n\n\n30.4 pence\n\n\n+23.4%\n\n\n\n\nFree cash flow\n\n\n£502 million\n\n\n£396 million\n\n\n+26.8%\n\n\n \n\n\n \n\n\n \n\n\n\n\nInterim dividend per share\n\n\n11.2 pence\n\n\n10.6 pence\n\n\n+5.7%\n\n\n11.2 pence \n\n\n10.6 pence\n\n\n+5.7%\n\n\n\n\n \n \n1 Full details of the underlying results can be found on pages 33 - 35.\n2 Measured on a constant currency basis.\n3 Organic revenue growth.\n \nCompass reports a good start to the year and proposes a £1bn special dividend. \nOrganic revenue grew by 3.6% and operating margin improved by 20 basis points. \nFull year expectations remain positive and unchanged.\n \nOrganic revenue growth of 3.6%\n· Growth in Q2 accelerated compared with Q1\n· Another strong six months in North America with organic revenue up 7.1%\n· Improving trends in Europe with organic revenue up 1.6%\n· Rest of World declined by 5.1% organically, but grew 2.6% excluding Offshore & Remote \n \nMargin up 20bps\n· The Management and Performance (MAP) programme continues to drive operating efficiencies \n· Margin improvement aided by 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 £502 million, up 26.8% on H1 2016\n· Proposed interim dividend up 5.7%\n· &n...