Compass Share Discussion Threads

[the grumpy old men] 16/5/2019 13:00

CPG Liberum Capital Buy 1,850.00 - Reiterates

UBS Buy 1,910.00 - Unchanged

[the grumpy old men] 16/5/2019 12:58

Barclays Capital Equal weight 1,850.00 - Reiterates

[the grumpy old men] 16/5/2019 12:35

Poikka
15 May '19 - 14:25 - 1796 of 1797
0 0 0
Earlier I wrote - "So much for the European Trading Bloc".

Europe, with a similar GDP to the US, but with 1.5x the population, has provided CPG with Revenue of £3bn against the US's £7.76bn.

So either Europe has got a load more growth available, and that's not apparent, or it's a tough market for CPG.

Any offers?


GOOD POINT POIKKA BUT PERHAPS NOT AS CLEARCUT AS THAT

COMPASS IS THE MAJOR PLAYER BUT THERE ARE OTHERS OUT THERE TO SHARE THE CAKE



SODEXO,ELIOR AND EDENRED COME TO MIND

BOTH QUOTED MAINLY ON THE EUROPEAN EXCHANGES






JUST FOOD FOR THOUGHT

IF NATO IS ENLARGED OR A EUROPEAN ARMY IS CREATED THERE MIGHT BE CONTRACTS UP FOR GRABS

HOSPITALS AND SCHOOLS ANOTHER OPPORTUNITY

[the grumpy old men] 16/5/2019 12:25

Societe Generale Buy from1,690.00 to 2,000.00 Upgrades



Oddo Neutral from 1,630.00 to 1,645.00 Reiterates

[poikka] 15/5/2019 13:25

Earlier I wrote - "So much for the European Trading Bloc".

Europe, with a similar GDP to the US, but with 1.5x the population, has provided CPG with Revenue of £3bn against the US's £7.76bn.

So either Europe has got a load more growth available, and that's not apparent, or it's a tough market for CPG.

Any offers?

[waldron] 15/5/2019 09:29

20 Jun 2019
Ex-Dividend Date for 2019 Interim Dividend

21 Jun 2019
Record Date for 2019 Interim Dividend


08 Jul 2019
Last Day for DRIP Elections

25 Jul 2019
Trading Update

29 Jul 2019
Payment Date for 2019 Interim Dividend


26 Nov 2019
Full Year Results


15 May 2019
Half Year Results

[sarkasm] 15/5/2019 08:17

Compass Group PLC (CPG.LN) on Wednesday raised its revenue growth guidance for fiscal 2019 after posting a 7.4% rise in pretax profit for the first half driven by a strong performance in North America.

The company said it now expects to deliver organic revenue growth and margin progression similar to that of fiscal 2018, having previously guided for organic revenue growth slightly above the middle of its targeted 4% to 6% range, with modest margin progression. In fiscal 2018, the company's organic revenue grew 5.5% and operating margin was unchanged at 7.4%.

Pretax profit for the half-year ended March 31 was 852 million pounds ($1.10 billion) compared with GBP792 million in the year-earlier period, the U.K. catering contractor said. Net profit rose to GBP646 million from GBP606 million, Compass said.

Operating profit was up 6.9% at GBP913 million in the first half, the company said.

First-half revenue increased to GBP12.33 billion from GBP11.33 billion a year before, Compass said. Revenue grew 6.6% on an organic basis.

The board declared an interim dividend of 13.1 pence a share, up from 12.3 pence in the year-earlier period.



Write to Adria Calatayud at [e-mail]



(END) Dow Jones Newswires

May 15, 2019 02:36 ET (06:36 GMT)

[sarkasm] 15/5/2019 07:50

Summary and outlook

Compass had a strong first half. Organic revenue growth was 6.6%, driven by excellent growth in North America, a strong performance in Europe, particularly in UK Defence, and good growth in Rest of World.

We maintained our strong margin whilst absorbing the increased mobilisation costs in Europe from the higher growth as well as strategic investments being made by the business. Our focus on efficiencies and pricing have continued to offset inflation and helped mitigate ongoing volume weakness in the UK and Continental Europe.

We have continued to invest in the business to support the exciting long term growth opportunities. During the first half we spent GBP370 million on bolt-on acquisitions, principally in North America. We have made further progress with our disposal programme and have now exited c. 2% of revenues of non-core businesses. This active portfolio management had a positive impact on the margin in the first half.

We are making good progress with our strategy of focusing on Performance, People and Purpose. In relation to our Performance priority we have codified our best practices around the Group and are now using our Management and Performance (MAP) framework to implement them across our larger markets. Increasingly, these initiatives are supported through technology and digital solutions which help drive efficiencies, optimise performance or improve the consumer experience. We have also begun the roll out of key People and Purpose initiatives.

Following the very strong first half performance we now increase our organic revenue growth guidance for the full year and expect to deliver organic revenue growth and margin progression similar to 2018. We remain mindful of the macro uncertainty in parts of Europe and its impact on the business.

In the longer term, we continue to be excited about the significant structural growth opportunities globally, the potential for further revenue, profit and margin growth, combined with further returns to shareholders.

Dominic Blakemore

Group Chief Executive

15 May 2019

[sarkasm] 15/5/2019 07:48

Financial calendar


Ex-dividend date for 2019 interim 20 June 2019
dividend
Record date for 2019 interim dividend 21 June 2019
Last day for DRIP elections 08 July 2019
Q3 trading update 25 July 2019
Payment date for 2019 interim dividend 29 July 2019
Full year results 26 November 2019

[grupo] 15/5/2019 07:33

cottlet
7 Feb '19 - 16:41 - 1 of 2
0 0 0
gone quiet?
is there another BB?

[grupo] 15/5/2019 07:32

Sean Farrell
Sharecast News
15 May, 2019 08:01 15 May, 2019 08:01
Compass profit rises on North America and UK defence wins
compass group food jobs catering

Compass Group's first-half profit rose more than 5% as the catering company gained new business in North America and added UK defence contracts.
Compass Group
1,760.00
08:10:32 15/05/19
1.86%
31.50
FTSE 100
7,256.02
08:10:41 15/05/19
0.20%
14.42
FTSE 350
4,033.43
08:10:41 15/05/19
0.23%
9.35
FTSE All-Share
3,981.78
08:10:41 15/05/19
0.23%
9.31

Underlying operating profit for the six months to the end of March rose 5.8% to £951m from a year earlier as revenue increased 6.6% to £12.5bn. Pre-tax profit rose 7.4% to £852m, helped partly by currency swings.

The FTSE 100 company's organic revenue growth in North America, its biggest business, rose 7.9% to £7.7bn. Revenue rose in all sectors. In Europe, organic revenue rose 5.5% to £2.98bn as Compass won more contracts for the UK armed forces.

Compass, the world's biggest contract caterer, said it expected annual organic revenue to increase faster than its earlier guidance and that performance on revenue and margins would be about the same as 2018. The first-half operating margin was unchanged at 7.5% as efficiency measures and price increases offset rising costs.

Dominic Blakemore, Compass's chief executive, said: "Compass had a strong first half … In the longer term, we continue to be excited about the significant structural growth opportunities globally, the potential for further revenue, profit and margin growth, combined with further returns to shareholders."

The company increased its first-half dividend by 6.5% to 13.1p a share.

[grupo] 15/5/2019 07:29

Sean Farrell
Sharecast News
15 May, 2019 08:01 15 May, 2019 08:01
Compass profit rises on North America and UK defence wins
compass group food jobs catering

Compass Group's first-half profit rose more than 5% as the catering company gained new business in North America and added UK defence contracts.
Compass Group
1,760.00
08:10:32 15/05/19
1.86%
31.50
FTSE 100
7,256.02
08:10:41 15/05/19
0.20%
14.42
FTSE 350
4,033.43
08:10:41 15/05/19
0.23%
9.35
FTSE All-Share
3,981.78
08:10:41 15/05/19
0.23%
9.31

Underlying operating profit for the six months to the end of March rose 5.8% to £951m from a year earlier as revenue increased 6.6% to £12.5bn. Pre-tax profit rose 7.4% to £852m, helped partly by currency swings.

The FTSE 100 company's organic revenue growth in North America, its biggest business, rose 7.9% to £7.7bn. Revenue rose in all sectors. In Europe, organic revenue rose 5.5% to £2.98bn as Compass won more contracts for the UK armed forces.

Compass, the world's biggest contract caterer, said it expected annual organic revenue to increase faster than its earlier guidance and that performance on revenue and margins would be about the same as 2018. The first-half operating margin was unchanged at 7.5% as efficiency measures and price increases offset rising costs.

Dominic Blakemore, Compass's chief executive, said: "Compass had a strong first half … In the longer term, we continue to be excited about the significant structural growth opportunities globally, the potential for further revenue, profit and margin growth, combined with further returns to shareholders."

The company increased its first-half dividend by 6.5% to 13.1p a share.

[poikka] 15/5/2019 07:19

Nice, but sooo reliant on the US. So much for the European Trading Bloc!

[poikka] 12/5/2019 19:22

Interims Wednesday, boys and girls.

[philanderer] 08/2/2019 18:23

'Compass edging up expectations, says Hargreaves'

The world’s largest catering company Compass (CPG) is ‘grinding out’ market gains and squeezing out margins, according to Hargreaves Lansdown.

Steve Clayton, manager of the HL Select UK Growth Shares fund, said the group is doing ‘what it does best’ and ‘grinding out market share gains and squeezing a bit of extra margin from an efficiency drive, at a time when many others will be struggling to hold margins flat’.

He said the group had a good start to the year and was ‘edging up’ full-year expectations.

‘The group does face cost pressures currently, but its constant search for efficiencies across the business is minimising the impact,’ said Clayton.

[cottlet] 07/2/2019 16:41

gone quiet?
is there another BB?

[danieldanj] 25/7/2018 23:55

Compass Group (CPG) Earnings-Reaction to Keep an Eye

[poikka] 04/7/2018 10:06

Just a couple of weeks before a trading update, but then when can you say that you're leaving without folk like me reading too much into it.

[poikka] 04/7/2018 10:04

Rubbish time to say that the FD's leaving. No doubt the big shareholders will get an insight into the reason.

[waldron] 09/5/2018 08:28

Compass Group PLC (CPG.LN) said Wednesday that pretax profit fell in the first half of financial 2018 due to foreign exchange effects, and it reaffirmed its full-year guidance.

Pretax profit for the six months to March 31 dropped to 792 million pounds ($1.07 billion) from GBP831 million, the catering-and-facilities company said. Operating profit fell 2.7% to GBP853 million, it said. Compass said the profit fall was driven by a 5.3% hit due to foreign exchange effects, partially offset by 4.5% underlying operating profit growth.

Revenue declined 0.8% to GBP11.38 billion, which Compass said was due to a 6.3% hit from foreign exchange. On an underlying basis revenue rose 4.8%, it said. Excluding the effects of weather and Easter timing, organic revenue rose 5.3%, said Compass.

Compass said it delivered strong performance in North America, where organic revenue grew 7.3%. Organic revenue in Europe rose 0.5% with good growth in the U.K. Compass said its rest of world segment grew 3.4%, reversing a 3.8% decline in the first half of the prior financial year.

The company's operating margin came to 7.5%, down by 10 basis points. Compass said a drive for efficiencies and pricing strategy largely offset cost inflation, and there are further benefits of its measures to address cost inflation in the U.K. to come in the second half.

Compass declared an interim dividend a share of 12.3 pence, up by 9.8% from the prior year. The company reaffirmed its first-quarter guidance that it expects to be above the midpoint of its organic-growth target range of 4%-6% in the full year, and said it is reviewing its portfolio to simplify the business.



Write to Adam Clark at [e-mail]; @AdamDowJones



(END) Dow Jones Newswires

May 09, 2018 02:41 ET (06:41 GMT)

[the grumpy old men] 08/2/2018 12:18

Correction to Compass Group's Trading Update Story
08/02/2018 11:16am
Dow Jones News

Compass Group (LSE:CPG)
Intraday Stock Chart

Today : Thursday 8 February 2018
Click Here for more Compass Group Charts.

Currency movements reduced Compass Group's first-quarter revenue by 288 million pounds ($400.7 million). "Compass Group's Outlook Is Positive But Currency Rates to Reduce Earnings," at 0734 GMT misstated the nature of the revenue figure in the second paragraph. The GBP288 million represents the negative impact of currency movements on first-quarter revenue, not revenue, which wasn't disclosed for the quarter.



(END) Dow Jones Newswires

February 08, 2018 06:01 ET (11:01 GMT)

[grupo guitarlumber] 08/2/2018 08:35

Compass Group PLC (CPG.LN) said Thursday that its outlook for fiscal 2018 is positive but if currency spot rates stay where they are for the rest of the year, they will have a negative impact on revenue and operating profit.

The U.K.-based company, which provides cleaning, property management and contract food services, said currency movements hurt first-quarter revenue, which was 288 million pounds ($400.7 million), and could negatively impact full-year revenue by GBP1.2 billion.

Foreign-exchange rates had a GBP24 million negative impact on profit in the quarter ended Dec. 31 and could impact full-year operating profit by GBP97 million, the company said.

Organic revenue in the first quarter grew 5.9%, the company said, citing new business wins, strong retention rates and good like-for-like revenue.

North America led organic revenue growth, with an 8.2% increase, while Europe grew 2.1%. In the rest of the world organic growth rose 4%, the company said.

All regions are performing better than anticipated, and Compass Group now expects to be above the midpoint of its organic-growth target range of 4%-6% in the full year, it said.



Write to Dimitrios Kontos at [e-mail]



(END) Dow Jones Newswires

February 08, 2018 02:49 ET (07:49 GMT)

[la forge] 22/1/2018 10:31

Home » Reports » Broker Ratings » Compass Group plc 21.1% Potential Upside Indicated by Liberum Capital
broker ratings
Compass Group plc 21.1% Potential Upside Indicated by Liberum Capital

Posted by: Amilia Stone 22nd January 2018

Compass Group plc with EPIC/TICKER (LON:CPG) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Compass Group plc are listed in the Consumer Services sector within UK Main Market. Liberum Capital have set their target price at 1850 GBX on its stock