Jul 28, 2008
The British company, which employs more than 350,000 people,
The catering group Compass Group reported a solid third quarter, with revenues and margins in line with levels seen during the first half.The British company, which employs more than 350,000 people, has explained that it managed to offset the increases in food costs and changing its menus.
"Our business model, strong and diversified, strengthens our confidence in our annual forecasts and our potential," explains the group as a point on sales.
Compass, which has the football club Chelsea, the company O2 and the Bank of England among its clients, announced in May that its sales, excluding acquisitions, had increased by 5% in the previous six months 31 March, while its operating margin had increased by 60 basis points to 5.7%.
Monday, Compass also announced it had bought the service provider to the health sector Medi-Dyn for 50 million dollars and had already made 21 million pounds of share buybacks in the context of a programme of 400 million pounds began on July 1.
According to 16 analysts polled by Reuters, Compasse should publish a taxable profit excluding exceptional 557.5-million pounds for the year ending September 30, against 442 million pounds a year earlier.
Monday around 9:10, the group's title lost 1.52% to 339.79 pence on the London Stock Exchange. Since the beginning of the year, he sold more than 11% of its value, outperforming the index of pan-European travel and leisure, which fell during the same period of 23.64%.
Mark Potter, French Nicolas Delame
by erectusplus at 3:01 AM |
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