Compass published a third quarter update: Organic growth was 5.6% for the nine months to 30 June 2016, of which 5.2% in the third quarter and after 5.8% in H1. The efficiency programme continued to offset the impact of the difficult conditions in Offshore & Remote business: the operating margin was flat (8.5%) before restructuring costs and down 10bp including these costs. The group reaffirmed its objective of a flat annual operating margin after restructuring costs.
29 Jul 2016
Q3 results in line with H1 and annual expectations
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Q3 results in line with H1 and annual expectations
Compass Group PLC (CPG:LON) | 2,320 371.3 0.7% | Mkt Cap: 39,553m
- Published:
29 Jul 2016 -
Author:
Bérénice Lacroix -
Pages:
2
Compass published a third quarter update: Organic growth was 5.6% for the nine months to 30 June 2016, of which 5.2% in the third quarter and after 5.8% in H1. The efficiency programme continued to offset the impact of the difficult conditions in Offshore & Remote business: the operating margin was flat (8.5%) before restructuring costs and down 10bp including these costs. The group reaffirmed its objective of a flat annual operating margin after restructuring costs.