Business
Q3 Trading Update
Q3 Trading Update.
About this update from Compass Group Plc
[{"type":"text","content":"\n\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nLegal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68\n\n\n\n\n\n \n\n\n\n \n\n \n \n \n\n \nUpgrading FY25 profit guidance due to strong organic growth and better than expected M&A performance\nAgreed to acquire Vermaat for €1.5bn\n22 July 2025 - Compass Group PLC, a global leader in food services, today announces trading results for the third quarter ended 30 June 2025.\n \nGroup and regional performance\n \nCompass delivered another strong performance with organic revenue growth of 8.6% in the third quarter and 8.5% for the year to date. Both regions performed well, with North America delivering strong growth across all sectors. Net new business growth continued in the middle of our 4 - 5% target range, supported by strong client retention of over 96%. \n \n\n\n\n\nOrganic revenue growth1\n\n\nQ3 2025\n\n\nQ3 YTD 2025\n\n\n\n\nNorth America\n\n\n9.6%\n\n\n9.0%\n\n\n\n\nInternational\n\n\n6.6%\n\n\n7.6%\n\n\n\n\nGroup\n\n\n8.6%\n\n\n8.5%\n\n\n\n\n1 Year on year change\n \nVolume growth in both regions remained positive, with North America particularly strong as it benefited from favourable hospitality events. Growth in International was slightly lower compared to Q2, due to mobilisation timings. Pricing was in line with our expectations.\n \nAcquisition and disposals\n \nThe Group's net expenditure on M&A was $1.1bn for the year to date, largely unchanged from its position at the half year. The integration of recent acquisitions is progressing ahead of expectations, and they are performing well.\n \nToday we have announced an agreement to acquire Vermaat Groep B.V., a leading premium food services business in Europe, for an Enterprise Value of approximately €1.5bn. Further details are provided in an accompanying stock exchange announcement. This transaction is subject to regulatory approval and consultation with the Vermaat Works Council.\n \nCurrency\n \nIf current spot rates were to continue for the remainder of the year, foreign exchange translation would negatively impact 2024 revenue by $57m1 and operating profit by $13m1.\n1 Based on spot rates as of 17 July 2025\n \nSummary and guidance\n \nWe are pleased with our third quarter performance with continued strong organic rev...