Compass Group reports another good year of profit growth

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They are looking to build on this growth by focusing on food, and the economic and regulatory benefits of outsourcing in the food service market. The Compass Group has adopted a sectorised approach to allow it to tailor their services to their clients; their largest sectors within this market are Defence, Offshore and Remote. Click here for a full review

Richard Cousins, Group Chief Executive, said: “Compass had another strong year. North America continues to deliver excellent growth, we are continuing to make progress in Europe and in Rest of World, with trends in our commodity related business improving.

Our expectations for FY2018 are positive, with growth and margin improvement weighted to the second half. The pipeline of new contracts is encouraging and our focus on organic growth, efficiencies and cash gives us confidence in achieving another year of progress.

In the longer term, we remain excited about the significant structural growth opportunities globally and the potential for further revenue growth, margin improvement, as well as continued returns to shareholders.”

The market leaders in contract catering, the Compass Group UK, work in a range of sectors, including education, healthcare, defence, offshore, and sport and leisure.