Business
Trading Statement
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\nLegal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68\n\n\n\n\n\n\n\n\n \n\n \n\n\n6 February 2025 - Compass Group PLC, a global leader in food services, today announces trading results for the first quarter ended 31 December 2024. The statement is being issued ahead of the Company's Annual General Meeting which will be held at 12 noon today at Allianz Stadium (formerly Twickenham Stadium).\n \nStrong start to the year - continued growth momentum\nThe Group delivered strong organic revenue growth of 9.2% in the first quarter. All regions and sectors performed well, with positive outsourcing trends continuing to underpin our growth momentum. Organic growth drivers were in line with our expectations, with net new business supported by strong client retention, and pricing and volumes trending as anticipated. \n \n\n\n\n\nOrganic revenue growth1\n\n\nGroup\n\n\nNorth America\n\n\nEurope\n\n\nRest of\nWorld\n\n\n\n\nQ1 2025\n\n\n9.2%\n\n\n9.7%\n\n\n8.4%\n\n\n7.9%\n\n\n\n\n \nWe continue to invest in attractive growth opportunities which further enhance our sectorisation and capabilities to unlock new market opportunities.\n \nThe Group's expenditure on M&A for the year to date is c.$1.0bn, the majority relating to Dupont Restauration (France) and 4Service (Norway), which completed in January, alongside the disposals of our operations in Chile and Kazakhstan.\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 $558 million2 and operating profit by $36 million2.\n \nSummary and guidance\n \nWe are pleased with the strong start to the year. The Group delivered good growth across all regions and sectors, supported by continued strong client retention.\n \nWe are an even more focused business and are leveraging investments in capex and M&A to support future growth, as we maintain our strong track record of delivering long-term, compounding shareholder returns.\n \nOur 2025 guidance remains unchanged. We expect to deliver high single digit underlying operating profit growth3 with organic revenue growth above 7.5% and ongoing margin progression. \n \n1 Year on year change.\n2 Based on spot rates as of 31st Janu...