Encouraging start to the year for caterer Compass Group

9th February 2010, 9:52am

Compass Group has had an encouraging start to the year with organic revenue steadily improving, according to its latest financial statement.

The organic revenue has improved from a decline of approximately 3% in the fourth quarter of 2009 to a decline of 1.7% in the first quarter of the year.

As a result, Compass has been able to deliver a further good improvement in operating margin compared to the same period last year and free cash flow conversion remains strong.

In addition, Compass has won new contracts in divisions including education, healthcare and division as well as with Aviva, Banca d'Italia, Visa and CSN Corporative Brasil.

A spokesperson for the company said: "We continue to see strong growth in new business both in foodservice and in our fast growing support services business and retention rates remain high."

Related Articles:

• 19 Nov 2009 - Compass backs junior chefs' academy

Click here to submit a comment!

Have your say!

To comment on this article, simply enter your name and email and send us your views. Please note that your comment will appear publicly below this article once it has been processed. For enquiries please email info@costsectorcatering.co.uk.