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Compass increases its 2018 interim dividend by 9.8%

Investment Tools Ltd.
Compass increases its 2018 interim dividend by 9.8%

Compass Group 2018 Interim Results

Organic revenue growth of 4.8%, excluding the impact of Easter and weather it was up 5.3%

·      Strong performance in North America with broad based organic revenue growth of 7.3%

·      Europe organic revenue up by 0.5% driven by good growth in the UK

·      Rest of World grew by 3.4%, a significant improvement on the 3.8% decline in HY 2017

Operating margin of 7.5%, as expected

·      Strong drive on efficiencies and pricing largely offset inflation

·      Benefits of actions to address cost pressures in the UK to come in the second half

Strong EPS and dividend growth

·      EPS growth of 10% on a constant currency basis and interim dividend up 10%

Sharpening our strategy

·      Even greater focus on our core food business

·      Increasing intensity around Management And Performance framework (MAP)

·      Developing and sharing best practices across the Group in a more systematic way

·      Actions to further strengthen and simplify our portfolio

Statutory results

·      Statutory earnings per share increased by 0.5% as the impact of foreign exchange offset higher profits

 

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