Compass has lots on its plate

published 27 March 2012

Contract caterer Compass said the positive performance in the first quarter of its fiscal year continued into the second quarter.

Total year-on-year revenue growth in the first half of the financial year is expected to be around 8.5%, with organic growth set to increase by nearly 5%, driven by further good performances in North America and Fast Growing & Emerging Markets.

"As we look out to the second half, whilst the current economic uncertainty is likely to continue to put pressure on like-for-like volume in some regions, we remain positive about the opportunities to grow the business and we are encouraged by the pipeline of new business," the company said.