Organic growth was +4.0% for the year (H2 reported +10.1%), broadly in line with consensus estimates. The H2 operating profit (excluding associates), at £803m (+10.3%), was in line with expectations, with a 7.1% margin (stable vs. H2 16). The operating margin for the year stands at 7.4%, a 20bp improvement. The H2 EPS grew +12.7%. (+18.0% for the year). 2018 outlook: organic growth at c.5%, weighed on H2. Modest margin improvement, with a flat or marginally lower H1 and a rebound in H2.
21 Nov 2017
Backloaded 2018 guidance; labour inflation brakes margin expansion
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Backloaded 2018 guidance; labour inflation brakes margin expansion
Compass Group PLC (CPG:LON) | 2,228 -133.7 (-0.3%) | Mkt Cap: 37,929m
- Published:
21 Nov 2017 -
Author:
Marzio Foa -
Pages:
3
Organic growth was +4.0% for the year (H2 reported +10.1%), broadly in line with consensus estimates. The H2 operating profit (excluding associates), at £803m (+10.3%), was in line with expectations, with a 7.1% margin (stable vs. H2 16). The operating margin for the year stands at 7.4%, a 20bp improvement. The H2 EPS grew +12.7%. (+18.0% for the year). 2018 outlook: organic growth at c.5%, weighed on H2. Modest margin improvement, with a flat or marginally lower H1 and a rebound in H2.