Introduction
Compass Group PLC (LON:CPG), a global leader in food services, has released its trading results for the first quarter ended 31 December 2024, ahead of its Annual General Meeting scheduled for today.
Key Highlights
Strong Start to the Year
- The Group reported organic revenue growth of 9.2% for Q1 2025.
- All regions and sectors performed well, supported by positive outsourcing trends and strong client retention.
- Growth was in line with expectations, with stable pricing and volume trends.
Regional Performance
| Region | Organic Revenue Growth (Q1 2025) |
|---|---|
| Group | 9.2% |
| North America | 9.7% |
| Europe | 8.4% |
| Rest of World | 7.9% |
Strategic Investments and M&A Activity
- Year-to-date M&A expenditure stands at approximately $1.0 billion.
- Key acquisitions include Dupont Restauration (France) and 4Service (Norway).
- Disposed operations in Chile and Kazakhstan.
Foreign Exchange Impact
- If current exchange rates persist, foreign exchange translation is expected to negatively impact:
- Revenue by $558 million.
- Operating profit by $36 million.
Guidance and Outlook
- Compass Group maintains its 2025 guidance, expecting:
- Organic revenue growth above 7.5%.
- High single-digit underlying operating profit growth.
- Ongoing margin progression.
- The company remains focused on leveraging investments in capex and M&A to drive long-term shareholder returns.
Change in Segmental Reporting
- The “Rest of World” region, now accounting for ~5% of total revenue, will be merged with Europe to form a new “International” region.
- From May 2025, financial reporting will be based on North America and International.
- Restated financial information will be provided in March 2025.
Financial Calendar
- Final dividend payment (2024): 27 February 2025
- Half-year results: 14 May 2025
- Q3 trading update: 22 July 2025
- Full-year results: 25 November 2025
Closing Remarks
Compass Group PLC has delivered a strong start to the year, driven by broad-based growth across all regions and sectors. The Group continues to invest in strategic opportunities while maintaining a clear focus on operational excellence and long-term shareholder value.
