Source - SMW
Compass Group reported organic revenue for the first three months to 31 December grew by 5.9%, driven by strong levels of new business wins, excellent retention and good like for like revenues.
 
Organic revenue in North America increased by 8.2% underpinned by solid growth across all sectors, particularly in Healthcare & Seniors, Vending and Sports & Leisure. 

In Europe, meanwhile, organic revenue grew by 2.1% amid good growth in UK Business & Industry and a favourable calendar in Sports & Leisure.

Organic revenue in Rest of the World increased by 4.0%, driven by strong performances in Turkey and some of its Spanish speaking Latin American businesses.

Offshore & Remote business declined by 1.6% due to delays in the transition from construction to production at certain sites.

Growth in Rest of World excluding Offshore & Remote was 6.1%. 

The company said growth in North America, and both Europe and Rest of World are performing ahead of expectations. As a result the outlook for 2018 is positive as the company expects to be above the middle of its target 4-6% organic growth range for the full year. 




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Compass Group (CPG)

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