Compass House
Guildford Street
Chertsey, KT16 9BQ
United Kingdom - Map
Phone: 44 19 3257 3000
Fax: 44 19 3256 9956
Website: http://www.compass-group.com
Details
Index Membership: N/A
Sector: Services
Industry: Restaurants
Full Time Employees: 509,000
LONDON, Nov 27 (Reuters) - Compass Group (Other OTC: CMPGF - news) , the world's biggest catering company, launched a 500 million pound ($809 million) share buyback on Wednesday, its third in as many years.
The British firm, which employs more than 500,000 people to feed office workers, soldiers and school children, also reported underlying pretax profit up 9 percent to 1.2 billion pounds in the year to end-Sept, slightly ahead of analyst expectations.
New contract wins in the U.S. and emerging markets, particularly its deals with Ascension Health and Texas A&M University , pushed organic revenue growth to 4.3 percent. Revenue for 2013 was 17.6 billion pounds.
Compass, which estimates that the outsourced food market is worth around 200 billion pounds, also signed new deals with LinkedIn, the Massachusetts Institute of Technology and AEGON USA this year.
The firm reported its highest ever operating margin of 7.1 percent, helped by it closing businesses and exiting uncertain contracts in Europe. It said conditions in Europe and Japan, where it gets just over a third of its revenue, would remain tough.
Its biggest rival Sodexo (Berlin: SJ7.BE - news) warned earlier this month that austerity-hit Europe and a slowdown in emerging markets would weigh on its results in the short term.
Compass also increased its dividend by 12.7 percent on a year earlier to 24 pence
Business Summary
Compass Group PLC, through its subsidiaries, provides contract foodservice and support services to its clients. It offers various foodservice solutions ranging from free-flow restaurants to formal dining, grab and go deli and café outlets to hospitality services, and vending; and a range of support services, such as cleaning, reception, and light building maintenance, business and office, logistics and transport, outdoor, project management, and security. The company also operates fine dining facilities. Compass Group PLC serves clients in business and industry, education, healthcare and seniors, sports and leisure, and defense, offshore, and remote sectors with approximately 4 billion meals a year in approximately 50,000 client locations. It has operations in North America, Continental Europe, the United Kingdom, Ireland, Russia, Turkey, and internationally. The company was founded in 1941 and is based in Chertsey, the United Kingdom.
Recent ARMK News
- Helping Students Launch Careers: Aramark Collegiate Hospitality and USF’s School of Hospitality and Tourism Partner for Post-Grad Success • Business Wire • 05/09/2024 11:30:00 AM
- Aramark Hosts First International Innovation Summit in Santiago • Business Wire • 05/08/2024 11:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 08:29:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 10:33:16 AM
- Aramark Reports Second Quarter Earnings • Business Wire • 05/07/2024 10:30:00 AM
- Aramark Employees Worldwide Volunteer in Local Communities for Company’s Global Day of Service • Business Wire • 05/02/2024 11:30:00 AM
- Aramark Refreshments to Showcase Breakroom Innovation at The NAMA Show 2024 • Business Wire • 05/01/2024 05:29:00 PM
- Aramark Declares Quarterly Dividend • Business Wire • 04/29/2024 11:30:00 AM
- Aramark to Host Conference Call on Second Quarter Fiscal 2024 Results • Business Wire • 04/16/2024 11:30:00 AM
- Aramark Completes Debt Repricing • Business Wire • 03/27/2024 01:00:00 PM
- DiversityComm Magazine Names Aramark as a 2024 Top Supplier Diversity Program for Women's Business Enterprises • Business Wire • 03/26/2024 11:30:00 AM
- MLB Eats: Aramark Sports + Entertainment Unveils New Ballpark Fare for 2024 Season • Business Wire • 03/21/2024 04:00:00 PM
- Aramark Chefs Awarded Distinguished ProChef® Certification From the Culinary Institute of America • Business Wire • 03/14/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:20:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:21:39 PM
- Aramark to Participate in Upcoming BofA Securities Investor Conference • Business Wire • 03/07/2024 12:51:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 07:50:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:08:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:06:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:06:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 09:05:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:25:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/06/2024 09:12:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 11:34:16 AM
- Aramark Reports First Quarter Earnings • Business Wire • 02/06/2024 11:30:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM