Compass Group has been on the up ever since the pandemic and it will be a major shock if the caterer is anything but upbeat with its first quarter update next week. In-fill acquisitions such as gym and leisure centre caterer CH&CO for £475m, announced in January, look set to be the way forward and should keep up the momentum. Revenues this year are forecast by ShoreCap to rise by almost 10% to £41.7 billion and with margins rising, the broker sees a £30 share price in view over three years, which is more th ...

Compass Group PLC (OTCPK:CMPGF) Q4 2023 Results Conference Call November 20, 2023 4:00 AM ET Company Participants Dominic Blakemore - Group CEO Palmer Brown - Group CFO Conference Call Participants Jamie Rollo - Morgan Stanley Simona Sarli - Bank of America Vicki Stern - Barclays Leo Carrington - Citi Harry Martin - Bernstein Jarrod Castle - UBS Andre Juillard - Deutsche Bank Dominic Blakemore Good morning, and thank you for joining us today. 2023 was an excellent year for Compass. We’re building a strong, ...

Financial Data and Key Metrics Changes - The company reported strong organic revenue growth of 15% for the quarter and 21% year-to-date, reflecting balanced net business growth across all regions [1] - Client retention rate remains high at 96.7%, indicating strong customer loyalty and satisfaction [2] - Despite facing over £1.5 billion in inflationary pressures in the past year, the company managed to keep unit margins flat [10][11] Business Line Data and Key Metrics Changes - The Americas region is experiencing low organic growth due to tough base effects, impacting overall margin mix [6][13] - Europe has shown the best sequential progression in growth, with net new business growth rates slightly above 5% [24] Market Data and Key Metrics Changes - North America was the first region to reopen significantly, leading to a normalization in growth rates as other regions catch up [13][24] - The company anticipates a strong fourth quarter, supported by a robust pipeline of new business opportunities [19] Company Strategy and Development Direction - The company aims for mid to high-single-digit organic growth and incremental margin progression, focusing on profit growth as a key performance indicator [4][8] - There is a strong emphasis on managing inflationary pressures through sensible pricing and operational efficiencies [3][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the easing of food inflation and the ability to manage cost inflation above CPI levels for the foreseeable future [3] - The company sees a path back to pre-COVID margin levels, emphasizing profit growth over margin recovery [16][18] Other Important Information - The company has signed £2.5 billion in new business over the last 12 months and expects another record year for new business signings [19][50] - The capital allocation framework prioritizes organic growth opportunities, with a focus on maintaining a healthy balance sheet [53][56] Q&A Session Summary Question: Customer attraction to larger players in contract catering - Management noted that significant inflationary pressures are creating opportunities for larger players due to their scale and buying power [7] Question: Margin impacts from different regions - Management acknowledged that the Americas' low growth is affecting overall margins but emphasized a focus on profit growth [6][13] Question: Update on signings and future pipeline - Management confirmed a strong pipeline and retention rate, supporting expectations for sustained net new business growth [19] Question: Drivers of growth in Europe - Management highlighted strong retention performance and new business signings as key drivers of growth in Europe [24][25] Question: Logistics issues in the US - Management indicated that while there are some labor pressures, bankruptcies are not significantly affecting operations [31] Question: Like-for-like volume growth analysis - Management discussed various factors contributing to volume growth, including reopening benefits and return to office trends [39][40] Question: Retention rates and future outlook - Management believes that the high retention rates are supported by the value provided to clients during challenging times [41][42]

Compass Group PLC (OTCPK:CMPGF) Q2 2023 Results Conference Call May 10, 2023 4:00 AM ET Company Participants Dominic Blakemore - Group Chief Executive Officer Palmer Brown - Group Chief Financial Officer Conference Call Participants Vicki Stern - Barclays Jamie Rollo - Morgan Stanley Jarrod Castle - UBS Jaafar Mestari - BNP Paribas Leo Carrington - Citi Harry Martin - Bernstein Kean Marden - Jefferies Neil Tyler - Redburn Karl Green - RBC Dominic Blakemore Good morning, everyone, and thank you for joining u ...

Compass Group PLC (OTCPK:CMPGF) Q4 2022 Results Conference Call November 21, 2022 4:00 AM ET Company Participants Dominic Blakemore - Group Chief Executive Officer Palmer Brown - Group Chief Financial Officer Conference Call Participants Jarrod Castle - UBS London Jamie Rollo - Morgan Stanley Vicki Stern - Barclays Richard Clarke - Bernstein Jaafar Mestari - BNP Paribas Neil Tyler - Redburn Andre Juillard - Deutsche Bank. Joe Thomas - HSBC Operator Good morning, and welcome to Compass Group's Full Year Resu ...

TREFF FIR | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-----------------------------------------|---------| | | | | | | compass | | | | | | 2022 Full Year Results 21 November 2022 | | | | | | | | | Disclaimer Certain information included in this presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matte ...

Compass Group PLC (OTCPK:CMPGF) Q2 2022 Earnings Conference Call May 11, 2022 4:00 AM ET Company Participants Dominic Blakemore - Group Chief Executive Officer Palmer Brown - Group Chief Financial Officer Conference Call Participants Jamie Rollo - Morgan Stanley Bilal Aziz - UBS Vicki Stern - Barclays Richard Clarke - Bernstein Neil Tyler - Redburn Joe Thomas - HSBC Jaafar Mestari - BNP Paribas Operator Hello, and welcome to the Compass Group Half Year Results Call. Hosting today's call will be Dominic Blak ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | Disclaimer Certain information included in this presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matters which are not historical facts and include, without limitation; the direct and indirect imp ...

Compass Group PLC (OTCPK:CMPGF) Q4 2021 Earnings Conference Call November 23, 2021 4:00 AM ET Company Participants Dominic Blakemore – Group Chief Executive Officer Palmer Brown – Group Chief Financial Officer Conference Call Participants Bilal Aziz – UBS Jamie Rollo – Morgan Stanley James Ainley – Citi Vicki Stern – Barclays Richard Clarke – Bernstein Kean Marden – Jefferies Stuart Gordon – Berenberg Jaafar Mestari – BNP Paribas Joe Thomas – HSBC Neil Tyler – Redburn Tim Barrett – Numis Dominic Blakemore T ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------| | | | | | | | | | | | | Disclaimer Certain information included in this Annual Report and Accounts is forward looking and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward looking statements. Forward looking statements cover all matters which are not historical facts and include, without limitation; the direct and indirect impacts and implicati ...