H1 16 figures ahead of our expectations Compass reported strong H1 16 figures, in spite of the tough Offshore & Remote business (O&R) which was hit by the low energy price environment. Sales rose by 5.8% organically, largely attributable to a strong North America (56% of sales, the US accounts for 52% of sales). The group benefited from a strong retention rate (94.5%, up to 96.5% in North America) and new business wins momentum (+9% yoy) which resulted in an 8.3% jump in sales lfl (EB
12 May 2016
Strong H1 16 results despite tough Offshore & Remote business
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Strong H1 16 results despite tough Offshore & Remote business
Compass Group PLC (CPG:LON) | 2,322 0 0.0% | Mkt Cap: 39,587m
- Published:
12 May 2016 -
Author:
Bérénice Lacroix -
Pages:
3
H1 16 figures ahead of our expectations Compass reported strong H1 16 figures, in spite of the tough Offshore & Remote business (O&R) which was hit by the low energy price environment. Sales rose by 5.8% organically, largely attributable to a strong North America (56% of sales, the US accounts for 52% of sales). The group benefited from a strong retention rate (94.5%, up to 96.5% in North America) and new business wins momentum (+9% yoy) which resulted in an 8.3% jump in sales lfl (EB