"While we are mindful of the challenging macroeconomic environment, we remain excited about the significant structural growth opportunities globally.
The FTSE 100-listed firm confirmed its 2022 operating margin guidance of over 6%, and said it now expects its exit margin to moderate slightly from around 7% due to the strong net new performance and ongoing inflationary pressures. The Chertsey, Surrey-based firm lifted its full-year organic revenue growth guidance to around 35% from around 30% following the "significant acceleration in growth and ongoing recovery of our base business". It added: "All regions and sectors are executing well, and we are particularly pleased with the recovery in Business & Industry, which is now trading above 2019 revenues on a run-rate basis." Underlying revenue topped pre-pandemic levels in the quarter, standing at 109% of 2019 revenue, with all three territories operating above pre-virus levels.īy business segment, the only division which remained below pre-virus levels was Business & Industry, at 97% of 2019 revenue, while the remaining four sectors topped 2019 sales. This was driven by North America, up 50%, while Europe recorded growth of 42% and Rest of World of 16%. Shares in the contract caterer were up 2.4% at 1,889.50 pence in London early Tuesday, making the stock the second-best performer in the FTSE 100 in early trade.įor its third quarter ended June 30, organic revenue rose 43%, accelerating from 38% at the half-year stage. (Alliance News) - Compass Group PLC on Tuesday raised its full-year revenue growth guidance following accelerating momentum in its third quarter.
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