Business
Interim Results
Interim Results.
About this update from Compass Group Plc
[{"type":"text","content":"\n \nRNS Number : 0325Z Compass Group PLC 15 May 2019 \n\nLegal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68\n \nCompass Group\n \nHalf year results announcement for the six months ended 31 March 2019\n \n\n\n\n\n \n\n\nUnderlying1 results\n\n\nStatutory results\n\n\n\n\n \n\n\nHY 2019\n\n\nHY 20182\n\n\nChange\n\n\nHY 2019\n\n\nHY 20182\n\n\nChange\n\n\n\n\nRevenue\n\n\n£12.5 billion\n\n\n£11.7 billion3\n\n\n6.6%4\n\n\n£12.3 billion\n\n\n£11.3 billion\n\n\n8.8%\n\n\n\n\nOperating profit\n\n\n£951 million\n\n\n£899 million3\n\n\n5.8%3\n\n\n£913 million\n\n\n£854 million\n\n\n6.9%\n\n\n\n\nOperating margin\n\n\n7.5%\n\n\n7.5%\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nEarnings per share\n\n\n42.9 pence\n\n\n40.3 pence3\n\n\n 6.5%3\n\n\n40.7 pence\n\n\n37.9 pence\n\n\n7.4%\n\n\n\n\nFree cash flow\n\n\n£530 million\n\n\n£465 million\n\n\n14.0%\n\n\n \n\n\n \n\n\n \n\n\n\n\nInterim dividend per share\n\n\n13.1 pence\n\n\n12.3 pence\n\n\n6.5%\n\n\n13.1 pence\n\n\n12.3 pence\n\n\n6.5%\n\n\n\n\n \n1 Full details of the underlying results can be found on pages 42 - 44.\n2 Prior period comparatives have been restated upon adoption of IFRS 15. \n3 Measured on a constant currency basis.\n4 Organic revenue growth.\n \nCompass reports strong first half growth \n \nStrong organic revenue growth of 6.6%\n· Excellent performance in North America with broad based organic revenue growth of 7.9%\n· Strong Europe organic revenue growth of 5.5% driven by UK Defence contract wins and continuing good growth in Continental Europe\n· Rest of World growth of 3.2% with continuing good performance in developing markets\nOperating profit up 5.8% at £951 million \n· Operating margin maintained at 7.5% \n· Operating efficiencies offset higher mobilisation costs and investments to support strategic execution \nStrong cash generation, earnings and dividend growth \n· Free cash flow increase of 14% to £530 million \n· Interim dividend up 6.5% in line with constant currency earnings per share growth\nExecuting our strategy \n· Strengthened and s...