Compass Group flies high

31st March 2009, 11:04am

Compass Group has had a positive first half of the year with profitability running well ahead of expectations, according to its latest trading update.

Encouragingly, the level of new business wins in all sectors has remained strong and consistent with last year. Contract wins include Eurest Services, part of Compass Group UK & Ireland, which scooped the All Wales Catering Contract for three years earlier this month, along with Jockey Club Racecourses which awarded a £500 million, 10 year deal to the contract catering giant.

As expected like-for-like revenue has continued to slump in parts of the business & industry and sports & leisure sectors as volumes have been affected by the reduced levels of employment. However, like-for-like revenue in the education, healthcare and remote site sectors has continued to perform well.

A spokesman for the group said: "Whilst we are expecting economic conditions to remain challenging through the rest of the year, we are confident that our business model will continue to deliver. We have good visibility in our pipeline and as such we are confident in our continued ability to generate new business."

Related Articles:

• 17 Oct 2011 - Contract caterer Compass Group makes healthy step for consumers
• 22 Sep 2011 - Contract caterer Compass partners with designers to revamp Café Liberty in London
• 02 Sep 2011 - Contract caterer Compass Group expands education offer
• 15 Apr 2011 - Caterer Compass Group secures European Tour contract
• 14 Apr 2009 - Compass Group retains contract at Goodwood
• 07 Apr 2009 - Compass Group achieves four RoSPA accolades
• 07 Apr 2009 - Compass wins contract for new Cardiff City Stadium
• 25 Mar 2009 - Eurest Services scoops AWCC
• 06 Mar 2009 - Education change at Compass
• 05 Feb 2009 - Compass making good progress
• 29 Jan 2009 - Compass Group wins deal for new Dublin stadium

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