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BRIEF-Compass Group Expects Q3 Margin To Be Between 4.5% And 5.0%

05/12/2021 02:24
BRIEF-Compass Group Expects Q3 Margin To Be Between 4.5% And 5.0%

- Compass Group PLC CPG.L:

  • HALF YEAR RESULTS ANNOUNCEMENT

  • COMPASS - Q2 OPERATING MARGIN AT 4.2%, 20BPS AHEAD OF OUR PRE CLOSE TRADING UPDATE AND AN INCREASE OF 150BPS FROM Q1

  • COMPASS - ANTICIPATE GRADUAL IMPROVEMENT IN REVENUE IN Q3

  • COMPASS - EXPECT Q3 MARGIN TO BE BETWEEN 4.5% AND 5.0% ABSORBING IMPACT OF REOPENINGS AND MOBILISATIONS

  • H1 UNDERLYING OPERATING PROFIT FELL 64.5 PERCENT TO 290 MILLION STG

  • COMPASS - BOARD HAS DECIDED TO REPAY FUNDS OUR EMPLOYEES BENEFITED FROM IN HALF YEAR UNDER UK GOVERNMENT'S CORONAVIRUS JOB RETENTION SCHEME

  • COMPASS - HY UNDERLYING REVENUE £8.6BN VERSUS £12.2BN

  • COMPASS - HY UNDERLYING OPERATING PROFIT £290M VERSUS £817M

  • COMPASS - REMAIN CONFIDENT IN REBUILDING GROUP UNDERLYING MARGIN TO ABOVE 7% BEFORE WE RETURN TO PRE COVID VOLUMES

Source text for Eikon: ID:nRSL2928Ya

Further company coverage: CPG.L


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