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Compass Group PLC achieves strong revenue growth

11th May 2022 - 08:57
‘The world’s largest food service provider’ Compass Group PLC, which operates in 44 countries and serves millions of meals every day, has issued its Half Year results for the six months up to 31 March 2022.

Compass has delivered another strong performance, hitting 100% of pre-Covid revenues by the end of the period, which is a ‘major milestone’ for the business. Operationally, the Group has seen a notable recovery in its business & industry sector, as more clients use free food and events to entice people back to the office.

Dominic Blakemore, group chief executive of Compass Group PLC, said: “We continue to recover strongly from the pandemic and have achieved the important milestone of revenue exceeding our pre-Covid level on a run rate basis.

“Although we expect inflation to increase and continue at a heightened level in the medium term, we have a resilient business model to help mitigate this challenge. Inflation also provides a further impetus to outsourcing as organisations seek savings, and we are capturing this growth opportunity as demonstrated by our record new business wins.”

Compass achievements include:

  • Providing food for Ukrainian refugees using their expertise in food preparation and logistics to mobilise at scale
  • Rolling out carbon labelling and the plant forward signature burger across its UK stadia at the start of the 2022/23 season
  • Mobile ordering fully enabled across B&I sector in North America to support re-opening
  • Opened first frictionless store at Flutter in Ireland to enable shoppers to purchase without having to wait in line or stop to scan and pay
Written by
Edward Waddell