The figures werein line with our expectations pointing to a slight deceleration in North America (48% of sales) although organic growth in sales remains comfortable (+7% of LFL vs +7.8% in 9m 15 and +8.2% in H2) and was marked by strong net new business, resulting in a 5bp increase in the operating margin in Q3 15 and 9m 15. The positive tone came from the Europe & Japan division which showed improved sales momentum with an acceleration in organic sales throughout the year (+1.8% LFL vs +
29 Jul 2015
Mitigated Q3 15 picture
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Mitigated Q3 15 picture
Compass Group PLC (CPG:LON) | 2,115 0 0.0% | Mkt Cap: 36,034m
- Published:
29 Jul 2015 -
Author:
Bérénice Lacroix -
Pages:
2
The figures werein line with our expectations pointing to a slight deceleration in North America (48% of sales) although organic growth in sales remains comfortable (+7% of LFL vs +7.8% in 9m 15 and +8.2% in H2) and was marked by strong net new business, resulting in a 5bp increase in the operating margin in Q3 15 and 9m 15. The positive tone came from the Europe & Japan division which showed improved sales momentum with an acceleration in organic sales throughout the year (+1.8% LFL vs +