Compass Group – Pointing In The Right Direction
Compass Group plc (LON:CPG)’s fourth quarter revenue was better than expected, reaching about 86% of pre-pandemic levels. The improvement was led by Sports & Leisure, as more people attended outdoor sports. Healthcare and Defence, Offshore & Remote are all trading ahead of 2019 levels. Q2 2021 hedge fund letters, conferences and more Underlying operating margins are expected to be at the mid-point of the 5.5% - 6.0% guidance range in the fourth quarter, and 4.4% for the full year. The group “remains cautious” about recovery in the Business & Industry division, but is confident of returning to ...