Compass Group PLC (CMPGF) Q1 2026 Earnings Call

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WEBVTT 00:00:01.567 -- 00:00:06.614 Welcome to conference group 2026 first quarter training update conference 00:00:06.614 -- 00:00:11.740 call hosted by Dominic Blakemore, group chief executive officer. 00:00:11.740 -- 00:00:16.747 All is being recorded. Ask a question, please press star 1 on 00:00:16.747 -- 00:00:21.753 your touchstone keypad. I will now turn the call over to Dominic Blakemore for 00:00:21.753 -- 00:00:25.556 his opening remarks. Please go ahead. 00:00:26.399 -- 00:00:29.765 Thank you. Welcome to our Q1 trading updates. 00:00:29.765 -- 00:00:35.053 As usual, Petros is alongside me. We've had a strong start to the year, delivering organic 00:00:35.053 -- 00:00:37.716 revenue growth above 7%. 00:00:37.716 -- 00:00:43.404 Growth moderated as expected from the exceptional Q4 run rate, but the overall momentum 00:00:43.404 -- 00:00:49.633 remained very positive and strongly within our multi-year growth algorithm. 00:00:49.633 -- 00:00:54.620 Both regions and all sectors performed well, with sports and leisure and business and 00:00:54.620 -- 00:00:57.473 industry the fastest growing. 00:00:57.473 -- 00:01:03.142 For the fifth year running now, net new business remains in our 4% to 5% range, 00:01:03.142 -- 00:01:08.267 supported by sustained strong client retention of over 96%. 00:01:08.651 -- 00:01:13.739 Outsourcing trends remain robust, with new business wins up 10% year-on-year to 00:01:13.739 -- 00:01:15.722 $4 billion, 00:01:15.722 -- 00:01:19.485 nearly half of which came from the B&I sector. 00:01:19.749 -- 00:01:24.376 We completed the acquisition of Vermont in December and are now progressing with the 00:01:24.376 -- 00:01:26.376 integration. 00:01:26.482 -- 00:01:30.666 Together with synergies from the other acquisitions and operating leverag...