The shares rose 4.9% following the announcement. Organic revenue growth for the five months ending 29 February was six per cent. Please remember yields are variable and not a reliable indicator of future income. Operating margins are in negative territory, resulting in an operating loss of £29m. Over the longer term, we think demand for Compass' services will continue to be driven by both economic growth, and the ongoing trend toward greater adoption of outsourced catering solutions. Newsroom articles are published by leading news While still subdued, margins did improve in Q4. That strength is reflected in the valuation though. Helpful (1) Flag as Inappropriate Flag as Inappropriate. Follow us for breaking news and latest updates: This field is for validation purposes and should be left unchanged. That's thanks to hefty cost saving and restructuring efforts. However, cash profits were better than analysts had expected. Rapport Earns Sought-After 3-Star Status . Gives chance to freshers, without any experience. The £4.2 billion turnover group was forced to close all its stores when the lockdown was imposed, and revised potential lost revenues for the year from between £400million and £1 billion in March to between £1.2billion and £1.6billion in April. Including the leases, net debt is equivalent to 2.1 times cash profits. All investments can fall as well as rise in value so you could get back less than you invest. While the recovery remains rocky, both Compass and investors should continue to look to the balance sheet for resilience. See all Reviews See All . The catering company said the acceleration of containment measures adopted by governments and clients in Europe and North America, notably the closure of schools and cancellation of sports fixtures, had affected its expectations for the half year. Blog December 10, 2020. Investments rise and fall in value so investors could make a loss. Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime. En France, nous servons près de 210 millions de repas par an dans 2400 établissements. Welcome to Compass Group UK & Ireland. Worried workers. A major rationalisation of Eurest catering facilities in BT buildings has been announced on the back of a collapse in demand for the services provided. Trading was especially restricted in Sports & Leisure businesses, and trends were weak in higher education and Business & Industry. We may not share the views of the author. While Education and Business sectors are most vulnerable to lockdowns, Healthcare and Military businesses - at the forefront of the pandemic - continue to provide a much needed backstop. We do it all. That reflects efforts to reduce costs and improve efficiency, which includes reducing headcount. Our website offers information about investing and saving, but not personal advice. Talk about HR policies, worst so far. We are seeing some positive trends on this front, but the sands are still shifting. This article is not advice or a recommendation to buy, sell or hold any investment. Tax, investments and pension rules can change over time so the information below may not be current. Compass Group, the UK’s largest food and support services company, has confirmed that it will not be taking up Job Retention Bonuses for any of its employees. The US and Europe are Compass' most important regions but are also the most exposed to recurring lockdowns until a vaccine is rolled out en masse. Compass Group Finance Netherlands B.V. May 2020 Placing Offer; 2021 Annual General Meeting; ESG and Sustainability > Our Strategy > Safety; Stakeholder Engagement ; Our Pillars > Health and Wellbeing; Environmental Game Changers; Better for the World > Responsible Sourcing > Animal Welfare; UN Sustainable Development Goals; Performance & Reports > Gender Pay Gap; Media > News; Video; … Catering Today brings you the latest on what’s happening in the foodservice and beverage trade, with exclusive stories, analysis, best practice and industry comment. Compass Group PLC agrees to acquire Fazer Food Services Compass Group PLC (LSE: CPG), a leading global food service company, today announces that it has signed an agreement with Fazer Group, an international family-owned FMCG and direct to consumer group, to acquire Fazer Food Services for an enterprise value of approximately €475 million. Additionally, Compass Group’s operating margin during the period increased 10 basis points. Coronavirus - we're here to help Tuesday 25 August 2020; Share; ESS, which is part of the multi-million pound Compass Group, has been accused of using the Covid-19 pandemic to ‘steal’ the working weeks and cut the pay of outsourced workers on Ministry of Defence contracts. The table below lists the SWOT (Strengths, Weaknesses, Opportunities, Threats), top Compass Group competitors and includes Compass Group target market, segmentation, positioning & Unique Selling Proposition (USP). wellbeing and our community we're Traductions en contexte de "mass redundancies" en anglais-français avec Reverso Context : The problem lies in the current exponential increase in mass redundancies. In normal times, contract catering is attractive. Stock analysis for Compass Group PLC (CPG:London) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Governments across Europe are implementing draconian measures to mitigate the impact of coronavirus, and curb the spread of the virus. This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. Continue reading. Net debt was £3.0bn at the end of September, compared to £3.3bn at the same time last year. It has also re-evaluated its staffing levels, and redundancies will result in annual savings of £280m. Compass Group said that the increasingly tighter restrictions on travel and social gatherings are expected to cost them from 25 per cent to 30 per cent of its revenue. Yesterday, Prime Minister Boris Johnson urged Brits to practice “social distancing” and to avoid all non-essential contact. Lower revenue, coupled with the write-down in the value of some contracts, meant underlying operating profit was £561m (£1.9bn in 2019). Compass Group is the FTSE 100’s biggest faller as it warned interim profits will be lower than expected because of closures in its sport, leisure and education businesses. (Nicolas Tucat/AFP via Getty Images) Compass Group , the world’s biggest catering firm, on Tuesday became the latest major company to warn coronavirus will impact its business. Other Employee Reviews. Compass Group is the FTSE 100's biggest faller as it warned interim profits will be lower than expected because of closures in its sport, leisure and education businesses. Wimbledon Foundation and City Harvest Food Provision Partnership Provide 20,000 Meals to Those in Need . Fri 17th Jul 2020, 16.51 . This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Compass said the review was not yet complete but admitted that it was in talks with people whose jobs could be affected. 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