Compass Share Discussion Threads

[grupo] 29/5/2019 07:19

29/05/2019 | 8:07
In the first half of the year, Elior Group publishes net income group share at break-even and adjusted EBIT margin down 0.4 percentage point to 4.7%, reflecting the group's modernization policy and the impact investments from previous years'.

The turnover of the catering and services group increased by 1.4% to 2,600 million euros, with, however, a 0.6% decrease in organic, reflecting the voluntary exit of contracts in Italy.

For its 2018-19 fiscal year, Elior anticipates organic growth of -1%, a stabilization of margins and a strong improvement in the generation of operational free cash flow. It also provides up to 350 million euros return to shareholders cumulated in 2020 and 2021.

[waldron] 20/5/2019 07:46

Compass: Jefferies remains with hold but raise target from 1670 to 1710 GBp.

[waldron] 18/5/2019 09:32

Vegetarian chain to be served up soon as food industry adapts
Alternative meat industry could be worth more than €30bn in next 10 years, with forecast annual growth rate of 40pc


Ellie Donnelly

May 18 2019 2:30 AM



AN EXPLOSION in the number of vegetarian and so-called flexitarian consumers is forcing a rapid change in the food service industry and will soon support the emergence of a dedicated meat-free chain, according to the head of one of the country's best known vegetarian eateries.

In the UK, sandwich shop chain Pret A Manger is close to buying smaller rival Eat in order to transform its 95 outlets into a dedicated brand catering to vegetarian and vegan consumers.

Please log in or register with Independent.ie for free access to this article.

[the grumpy old men] 16/5/2019 14:00

CPG Liberum Capital Buy 1,850.00 - Reiterates

UBS Buy 1,910.00 - Unchanged

[the grumpy old men] 16/5/2019 13:58

Barclays Capital Equal weight 1,850.00 - Reiterates

[the grumpy old men] 16/5/2019 13:35

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 13:25

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 14:25

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 10:29

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 09:17

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 08:50

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 08:48

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 08:33

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

[grupo] 15/5/2019 08:32

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 08:29

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 08:19

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

[poikka] 12/5/2019 20:22

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] 26/7/2018 00:55

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

[poikka] 04/7/2018 11:06

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 11:04

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 09:28

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)