Compass Share Discussion Threads

[johnrxx99] 27/6/2022 07:23

I should add, mining the FTSE100

[johnrxx99] 21/6/2022 10:05

This popped up on my recent Sharescope mining for EV/EBITDA. For growth, it is number 2 to AZN. Albeit currently at a ratio 21.75, for FTSE100 company not too high, for some.

[waldron] 23/5/2022 15:51

Compass appoints climate change expert as adviser

Monday 23rd May 2022


Facilitate Team




Compass Group UK & Ireland has appointed Professor Sir Charles Godfray of the University of Oxford as chief climate and sustainability adviser to its executive team.

Godfray, a fellow of the Royal Society, is a population biologist with wide interests in the environmental sciences and has published papers on fundamental and applied areas of ecology, evolution and epidemiology. He has spent his career at Oxford and Imperial College and is currently director of the Oxford Martin School and professor of population biology at Oxford.

He will oversee the shaping and delivery of Compass’s commitment to achieve Climate Net Zero by 2030 for the benefit of clients.

Godfray has a particular interest in food security and led the UK Government Office of Science’s Foresight report on the Future of Food and Farming. Formerly chair of Defra’s Science Advisory Council, he is a trustee of the UK Centre for Ecology & Hydrology.

He is also co-director of the Livestock, Environment and People (LEAP) project at Oxford that included an eco-labelling pilot, which Compass supported across its business and industry sector.

In 2017 he was knighted for services to scientific research and for scientific advice to the government.

Carolyn Ball, director for delivery of Net Zero, said: “Specialist guidance will play an increasingly integral role in the business decisions needed to deliver our climate commitments, so this level of direction and thought leadership within our executive team is a real privilege for everyone at Compass and all those working with us.”

Godfray added: “Compass’;s size and scale mean that it is uniquely positioned to have a significant impact on the food system. The team’s commitment to working with suppliers, clients and its people is outstanding and I’m looking forward to contributing to their ambition. Together, we must create the blueprints for the wider industry to learn from.”

[waldron] 19/5/2022 13:46

Summary and outlook

The Group is exiting the pandemic strongly and has achieved the important milestone of revenue exceeding its pre-COVID level on a run rate basis. Organic growth was strong in the first half of the year as the Group benefited from like for like volume recovery, high levels of net new business and pricing. Underlying operating margin was in line with guidance and is expected to improve in the second half.

While there are global inflationary pressures, which are expected to increase and continue at a heightened level, we have a resilient business model to help mitigate this challenge. This environment is also leading to an acceleration in first time outsourcing as organisations seek cost savings. We have a clear strategy to capture this growth opportunity based on our scale, expertise and sectorised market approach. Our value creation model has proven very effective and remains unchanged. The Group's market leading position combined with a relevant offer and capability are resulting in record new business wins and our highest ever client retention rate.

Given our strong first half performance and positive outlook, we are increasing our full year organic revenue growth guidance from 20 - 25% to around 30%. Whilst we are cautious about the inflationary environment, our margin guidance remains unchanged, with full year underlying operating margin expected to be over 6%, exiting the year at around 7%.

Our disciplined capital allocation framework supports growth whilst ensuring a robust balance sheet, rewarding shareholders through dividends and additional shareholder returns. This is demonstrated through the 9.4 pence per share interim dividend and the share buyback programme announced today with up to GBP500m during this calendar year.

Looking further ahead, we remain excited about the significant structural growth opportunities globally, leading to the potential for revenue and profit growth above historical rates, returning margin to pre-pandemic levels and rewarding shareholders with further returns.

[waldron] 19/5/2022 13:45

Upcoming Events


June/09/2022 Ex-dividend day for interim dividend

[ram376s] 19/5/2022 13:18

CPG Pop up .300 nurses to train for GDR new game changer test.Multibagger possible .ANticipated news .

[suetballs] 11/5/2022 08:33

Excellent numbers.
Suet

[waldron] 11/5/2022 08:07

Compass Group PLC said Wednesday that it is upgrading its guidance for fiscal 2022 after first-half pretax profit rose, and that it plans a share buyback program.

The U.K. catering contractor said pretax profit for the six months to March 31 was 632 million pounds ($778.4 million) compared with GBP133 million for the same period the year before.

Underlying operating profit--which strips out exceptional and other one-off items--rose to GBP673 million from GBP287 million, with a margin of 5.5%.

Revenue increased to GBP11.5 billion from GBP8.44 billion.

Compass said it will start a share buyback program worth up to GBP500 million this year.

The company said it has upgraded its FY 2022 guidance for organic revenue growth to around 30% from a range of 20% to 25%, while underlying operating margin guidance remains unchanged and is expected to be above 6%.



Write to Michael Susin at [e-mail]



(END) Dow Jones Newswires

May 11, 2022 02:43 ET (06:43 GMT)

[grupo guitarlumber] 24/3/2022 12:27

Consensus

Mean consensus OUTPERFORM
Number of Analysts 24

Last Close Price 1 678,00 GBX

Average target price 1 809,36 GBX
Spread / Average Target 7,83%

[grupo guitarlumber] 24/3/2022 12:25

Compass Group PLC said Thursday that it has completed the sale of its operations in Russia for an undisclosed sum, as first announced on its website on March 9.

The FTSE 100-listed catering contractor said on March 9 that it had decided to permanently exit the Russian market and would be moving away from all known Russian suppliers. The move was in response to the war with Ukraine.

No further information on the sale of the company's Russian operations has been provided.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

March 24, 2022 07:44 ET (11:44 GMT

[the grumpy old men] 03/2/2022 11:26

Iain Gilbert
Sharecast News
03 Feb, 2022 08:01 03 Feb, 2022 10:18
Compass Group makes 'encouraging start' to year, shares up


Shares in foodservice company Compass Group rallied on Thursday after the firm said it had experienced an "encouraging start" to the year, driven by continued improvement across all sectors.



Compass said group organic revenue grew by 38.6% in the first quarter, with revenues reaching 97% of their pre-Covid levels, largely driven by new business, continued strong client retention and an ongoing recovery in its base business as the emergence of the Omicron variant having only "a limited impact" during the period.

The FTSE 100-listed firm stated its performance improved across all regions during the period, with four out of five sectors now trading above 100% of 2019 revenues.

Growth was "particularly strong" in North America, while in Europe, all sectors traded well except for business and industry, which continued to be impacted by reopening delays.

"We are encouraged by the strong start to the year, excellent new business wins and continued strong client retention. However, we are mindful of some impact from the Omicron variant in Q2, with business and industry clients delaying their return to work, some sports and leisure events being postponed and Education facilities extending remote learning," said Compass.

"Our guidance for FY22 remains unchanged. We expect full-year organic revenue growth of 20-25%, with quarterly growth rates moderating through the year, reflecting more challenging comparatives."

As previously stated, full-year underlying operating margin is expected to be over 6%, returning to around 7% by the year-end. Margin progression will be second-half weighted, with the first-half margin anticipated to be around the Q4 2021 exit rate."

Looking ahead, the company said it was "excited" about structural growth opportunities globally, which could lead to revenue and profit growth above historical rates, returning margin to pre-pandemic levels.

As of 1015 GMT, Compass shares were up 7.68% at 1,780.50p.

[sarkasm] 07/12/2021 10:10

Crimson Tide PLC shares rose Tuesday after it said it has entered a master services agreement with Compass Group PLC for its mpro5 product.

Shares at 0914 GMT were up 0.35 pence, or 13%, at 3.15 pence.

The mobile-business company said the agreement concerns Compass's non-U.K. operations, and that its first contract will be focussed in Denmark. It said the deal underpins opportunities for mpro5, a digital product which allows businesses to complete jobs and paperwork out in the field.

"This Master Service Agreement allows other Compass locations to easily add mpro5 to their operations," Chairman Barrie Whipp said.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

December 07, 2021 04:44 ET (09:44 GMT)

[deanforester] 23/11/2021 10:07

Dividend restored, 14p.

[waldron] 23/11/2021 09:03

current strong supports apparently at 1440 and then 1407.50p

[waldron] 23/11/2021 08:57

Consensus

Mean consensus OUTPERFORM

Number of Analysts 24

Last Close Price 1 472,50 GBX

Average target price 1 630,46 GBX
Spread / Average Target 10,7%

High Price Target 1 950,00 GBX
Spread / Highest target 32,4%

Low Price Target 1 028,00 GBX
Spread / Lowest Target -30,2%

[waldron] 23/11/2021 08:54

Compass Group PLC on Tuesday reported a increase in pretax profit for fiscal 2021 as it booked lower costs and returned to the dividend list.

The U.K. catering contractor made a pretax profit of 464 million pounds ($621.6 million) for the year ended Sept. 30 compared with GBP210 million for fiscal 2020.

Revenue fell to GBP17.91 billion from GBP19.94 billion a year earlier as the pandemic continued to hit the sales.

The board reinstated the dividend policy of a final dividend of 14 pence a share and said it will pay 50% of underlying earnings through an interim and final dividend in fiscal 2022.

Underlying operating margin was 4.5% compared with 2.9% the previous period as the group reduced the cost base and adapted the operation.

Compass said it expects for the next full year an underlying operating margin to be more than 6%, with an exit rate of 7%, while the revenue growth should increase around 20% and 25%. The company sees a stronger performance toward the second half of the year due to the current inflationary pressures.

"Looking ahead we are now focused on growth, driven by encouraging market trends and our ability to provide more bespoke, digital and sustainable solutions that meet the evolving needs of clients in a post-pandemic world. The tailwinds from first time outsourcing continue and, combined with our differentiated operating model and investment opportunities, we are in a strong position for growth," Chief Executive Dominic Blakemore said.



Write to Michael Susin at [e-mail]



(END) Dow Jones Newswires

November 23, 2021 02:55 ET (07:55 GMT)

[suetballs] 23/11/2021 08:49

No surprises for me then.
Future looking ok too.
Suet

[grupo guitarlumber] 22/11/2021 14:23

23 Nov 2021

Full Year Results

[suetballs] 22/11/2021 14:03

Hopefully tomorrow's full year results will continue to show improving trading conditions and a welcome return to the dividend list.
Suet

[waldron] 15/10/2021 08:36

Compass Group PLC said Friday that it has made a commitment to reach carbon neutrality in its own operations by 2030 and net zero greenhouse gas emissions across its operations and value chain by 2050.

The U.K. catering contractor said its reductions targets for the next decade--which include a 46% reduction in Scope 1 and 2 greenhouse gas emissions by 2030 from 2019 levels--have been validated by the Science Based Targets initiative.

Specific targets include transitioning its fleet to electric vehicles, switching to renewable electricity, switching menus towards more plant-based proteins, reducing food waste by 50% by 2030, and developing a global deforestation-free and land conversion-free supply chain, the company said.

Compass said it will also use its scale global reach to work with clients, industry associates, governments and suppliers to achieve similar goals, and that its strategy will be delivered through collaboration, innovation and investment across global operations.

"Given the complexity of the global food supply chain as it is today, we do not underestimate the scale of the challenge ahead of us. Radical new collaborations are urgently needed across the entire value chain to make it a reality," Chief Executive Dominic Blakemore said.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

October 15, 2021 03:07 ET (07:07 GMT)

[sarkasm] 21/9/2021 13:32

Compass Group PLC said Tuesday that it expects fourth-quarter underlying revenue on a constant currency basis to improve to 86% of 2019 revenue, and for it to be slightly ahead of the previous guidance range of 80% to 85%.

The U.K. catering contractor said although it expects most of its sectors to continue performing well, it remained cautious about its Business & Industry segment given the continuing uncertainty surrounding the pace of office reopenings in its major markets.

For the year ending Sept. 30, it expects underlying revenue on a constant currency basis to be around 76% of what it was in fiscal 2019, it said. The company reported underlying revenue of 25.15 billion pounds ($34.35 billion) for fiscal 2019.

The FTSE 100 company said it expects fourth-quarter underlying operating margin to be around the midpoint of the guidance range of 5.5% to 6.0% as it continues to manage mobilization costs and inflation, while adapting operations to suit clients' changing requirements.

For fiscal 2021 as a whole, Compass expects an underlying operating margin of around 4.4%.

"We continue to be encouraged by the ongoing growth opportunities including strong momentum in new business wins, from the acceleration in first-time outsourcing, and increased potential for market share gains," the company said.



Write to Anthony O. Goriainoff at [e-mail]



(END) Dow Jones Newswires

September 21, 2021 02:43 ET (06:43 GMT)

[essentialinvestor] 14/9/2021 17:36

THanks, might have a small amount.

[waldron] 14/9/2021 12:50

Apparently possible support at 1438p with resistence set at 1487.50p