Compass reported in line FY21 results and a weaker-than-consensus FY22 margin guidance due to short-term headwinds. The expected alleviation of these negatives in H2 22 and the cost reduction programmes should support a nearly-full recovery of margin in FY23. As a result, the FY22 consensus should come in lower but the FY23 consensus should be more optimistic.
24 Nov 2021
H1 22 margin under pressure
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H1 22 margin under pressure
Compass Group PLC (CPG:LON) | 2,174 630.6 1.4% | Mkt Cap: 37,047m
- Published:
24 Nov 2021 -
Author:
Yi Zhong -
Pages:
3
Compass reported in line FY21 results and a weaker-than-consensus FY22 margin guidance due to short-term headwinds. The expected alleviation of these negatives in H2 22 and the cost reduction programmes should support a nearly-full recovery of margin in FY23. As a result, the FY22 consensus should come in lower but the FY23 consensus should be more optimistic.