Business
REPLACEMENT: Trading Statement
REPLACEMENT: Trading Statement.
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 \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Accelerating net new business growth, increasing FY 2022 organic revenue growth guidance to around 35%\n \n \n \n 26 July 2022 -\n Compass Group PLC, a global leader in food services, today announces trading results for the third quarter ended 30 June 2022.\n \n \n \n \n \n \n \n \n Q3 highlights\n \n \n \n \n \n \n \n \n •\n Underlying revenue at 109% of 2019 revenues1\n \n \n •\n Organic revenue growth2 of 43.4%, an acceleration from 37.9% in HY 2022 \n \n \n •\n Business & Industry above 100% of 2019 revenues1 on a run-rate basis\n \n \n •\n Very strong net new business growth of 9.1% or 6.9% rebased to 2019, with retention 96.1% YTD\n \n \n •\n Underlying operating margin up 40bps from 5.8% in HY 2022 to 6.2% in Q3; 6% YTD\n \n \n •\n Completed £237 million\n \n 4\n \n of £500 million share buyback programme\n \n \n •\n Launched Sustainable Financing Framework, supporting our 2050 Net Zero target\n \n \n \n \n \n \n \n \n \n \n \n \n By region\n \n \n \n \n \n \n Organic revenue change2\n \n \n \n \n \n \n Underlying revenue1 (% of 2019)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n \n Q3 YTD 2022\n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n \n Q3 YTD 2022\n \n \n \n \n \n \n \n North America\n \n \n \n \n 49.7%\n \n \n \n \n 48.6%\n \n \n \n \n 112%\n \n \n \n \n 106%\n \n \n \n \n \n \n Europe\n \n \n \n \n 41.9%\n \n \n \n \n 32.8%\n \n \n \n \n 104%\n \n \n \n \n 95%\n \n \n \n \n \n \n Rest of World\n \n \n \n \n 15.9%\n \n \n \n \n 11.8%\n \n \n \n \n 106%\n \n \n \n \n 95%\n \n \n \n \n \n \n \n Group\n \n \n \n \n \n \n 43.4%\n \n \n \n \n \n \n 39.9%\n \n \n \n \n \n \n 109%\n \n \n \n \n \n \n 102%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n By sector\n \n \n \n \n \n \n Organic revenue change2\n \n \n \n \n \n \n Underlying revenue1 (% of 2019)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n \n Q3 YTD 2022\n \n \n \n \n \n \n Q3 2022\n \n \n \n \n \n \n Q3 YTD 2022\n \n \n \n \n \n \n \n Business & Industry\n \n \n \n \n 59.9%\n \n \n \n \n 43.7%\n \n \n \n \n 97%\n \n \n \n \n 86%\n \n \n \n \n \n \n Education\n \n \n \n \n 41.4%\n \n \n \n \n 46.8%\n \n \n \n \n 110%\n \n \n \n \n 1...