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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Compass Group plc    CPG   GB00BD6K4575

COMPASS GROUP PLC

(CPG)
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Compass Group Raises Fiscal Year Revenue View After 1st Half Profit Rise

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05/15/2019 | 02:37am EDT

By Adria Calatayud

Compass Group PLC (CPG.LN) on Wednesday raised its revenue growth guidance for fiscal 2019 after posting a 7.4% rise in pretax profit for the first half driven by a strong performance in North America.

The company said it now expects to deliver organic revenue growth and margin progression similar to that of fiscal 2018, having previously guided for organic revenue growth slightly above the middle of its targeted 4% to 6% range, with modest margin progression. In fiscal 2018, the company's organic revenue grew 5.5% and operating margin was unchanged at 7.4%.

Pretax profit for the half-year ended March 31 was 852 million pounds ($1.10 billion) compared with GBP792 million in the year-earlier period, the U.K. catering contractor said. Net profit rose to GBP646 million from GBP606 million, Compass said.

Operating profit was up 6.9% at GBP913 million in the first half, the company said.

First-half revenue increased to GBP12.33 billion from GBP11.33 billion a year before, Compass said. Revenue grew 6.6% on an organic basis.

The board declared an interim dividend of 13.1 pence a share, up from 12.3 pence in the year-earlier period.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
COMPASS GROUP PLC 1.59% 24.95 Delayed Quote.19.38%
COMPASS GROUP PLC 0.58% 2084 Delayed Quote.26.30%
COMS GROUADR 0.52% 25.3 Delayed Quote.21.05%
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Financials (GBP)
Sales 2019 24 968 M
EBIT 2019 1 872 M
Net income 2019 1 291 M
Debt 2019 3 349 M
Yield 2019 1,95%
P/E ratio 2019 25,4x
P/E ratio 2020 23,1x
EV / Sales2019 1,46x
EV / Sales2020 1,35x
Capitalization 33 060 M
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Technical analysis trends COMPASS GROUP PLC
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 1 964,57  GBp
Last Close Price 2 084,00  GBp
Spread / Highest target 23,2%
Spread / Average Target -5,73%
Spread / Lowest Target -23,2%
EPS Revisions
Managers
NameTitle
Dominic Blakemore Chief Executive Officer & Executive Director
Paul Steven Walsh Non-Executive Chairman
C. Palmer Brown Chief Financial Officer
Gary R. Green Executive Director & CEO-North America Region
John George Bason Senior Independent Director
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