Earnings release
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Legal Entity Identifier ( LEI ) : 4 February 2021 By region AGM and Trading Update Compass Group PLC today issues a trading update ahead of its Annual General Meeting . The AGM will be held online and will commence at 10:00 am . At this meeting , shareholders will be provided with the following update on the Group's performance since 30 September 2020 . Continued progress , despite slow volume recovery Organic revenue¹ North America Europe Rest of World Group No. 2138008M6MH9OZ6U2T68 Organic revenue by sector¹ Business & Industry Education Healthcare & Seniors Sports & Leisure DOR Group COMPASS GROUP Q3 Q4 Q1 2020 2020 2021 ( 44.7 ) % ( 36.4 ) % ( 36.7 ) % ( 52.5 ) % 4 ( 35.7 ) % ( 34.6 ) % ( 12.9 ) % ( 20.8 ) % 5 ( 15.8 ) % ( 12.3 ) % 2.4 % ( 44.3 ) % ( 34.1 ) % ( 33.7 ) % ( 4.8 ) % Q3 2020 ( 50.7 ) % ( 60.2 ) % ( 5.1 ) % ( 89.9 ) % ( 8.8 ) % ( 44.3 ) % Q3 2020 1 Year on year change . 2 Underlying operating margin pre - impairment and resizing costs . 3 Excluding resizing costs of £ 20m , predominantly in EME . 4 Restated to include Middle East . 5 Restated to exclude Middle East . Operating margin² Q4 2020 ( 2.5 ) % 2.9 % Q4 2020 ( 44.1 ) % ( 35.1 ) % 0.2 % ( 78.9 ) % ( 7.6 ) % ( 34.1 ) % ( 4.1 ) % 2.8 % 0.6 % Q1 2021³ 4.0 % 1.2 % 4.0 % 2.7 % Q1 2021 ( 43.4 ) % ( 37.0 ) % 0.8 % ( 76.5 ) % ( 1.2 ) % ( 33.7 ) % The Group's organic revenue for the three months to 31 December 2020 was ( 33.7 ) % . This performance was in line with our expectations , given the protracted lockdown measures to contain the virus during the winter months . Our retention remained strong at 95.7 % . Despite little volume improvement , the Group's operating margin continues to improve , increasing from 0.6 % in Q4 to 2.7 % in Q1 , with all regions now profitable . This is due to a series of actions we have taken over the last year to adapt our operations and to manage our cost base more flexibly , including contract renegotiations and resizing of the business .