Earnings release
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Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68 RNS Number : 9481R Compass Group PLC 22 July 2025 Upgrading FY25 profit guidance due to strong organic growth and better than expected M&A performance Agreed to acquire Vermaat for €1.5bn 22 July 2025 - Compass Group PLC, a global leader in food services, today announces tradingresults for the third quarter ended 30 June 2025. Group and regional performance Compass delivered another strong performance with organic revenue growth of 8.6% in the thirdquarter and 8.5% for the year to date. Both regions performed well, with North America deliveringstrong growth across all sectors. Net new business growth continued in the middle of our 4 - 5%target range, supported by strong client retention of over 96%. Organic revenue growth Q3 2025 Q3 YTD 2025 North America 9.6% 9.0% International 6.6% 7.6% Group 8.6% 8.5% Year on year change Volume growth in both regions remained positive, with North America particularly strong as itbenefited from favourable hospitality events. Growth in International was slightly lower compared toQ2, due to mobilisation timings. Pricing was in line with our expectations. Acquisition and disposals The Group's net expenditure on M&A was $1.1bn for the year to date, largely unchanged from itsposition at the half year. The integration of recent acquisitions is progressing ahead of expectations,and they are performing well. Today we have announced an agreement to acquire Vermaat Groep B.V., a leading premium foodservices business in Europe, for an Enterprise Value of approximately €1.5bn. Further details areprovided in an accompanying stock exchange announcement. This transaction is subject toregulatory approval and consultation with the Vermaat Works Council. Currency If current spot rates were to continue for the remainder of the year, foreign exchangetranslation would negatively impact 2024 revenue by $57m and operating profit by $13m. Based on spot rates as of 17 July 2025 Close 1 1 1 1 1 Supplied by © Terms of Service | Cookie Policy
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Summary and guidance We are pleased with our third quarter performance with continued strong organic revenue growthand M&A performing better than expected. As a result, we are upgrading our 2025 guidance. We now expect constant currency underlyingoperating profit growth to be towards 11%, driven by organic revenue growth above 8% and ongoingmargin progression. Sectorisation deep dive The Group will share a virtual deep dive in September 2025, relating to how it sectorises the market,operating in distinct sectors through a unique portfolio of brands, which is a key competitiveadvantage. Conference call There will be a live Q&A session for analysts and investors at 9.00am BST. Please connect to thecall at least 10 minutes prior to the start time by dialling: UK Toll Number: +44 (0) 33 0551 0200 UK Toll-Free Number: 0808 109 0700 New York Number: +1 786 697 3501 US Toll-Free Number: 866 580 3963 Please reference: COMPASS Financial calendar Payment date for 2024 interim dividendSectorisation deep dive 31 July 2025September 2025Full year results 25 November 2025 Enquiries Investors Agatha Donnelly, Simon Bielecki +44 1932 573 000 Press Amy ShieldsTim Danaher, Brunswick +44 1932 573 000+44 207 404 5959 Website www.compass-group.com Forward-looking statements Certain information included in this Announcement is forward-looking and involves risks,assumptions and uncertainties that could cause actual results to differ materially from thoseexpressed or implied by forward-looking statements. Forward-looking statements cover all matterswhich are not historical facts and include, without limitation, the direct and indirect future impactsand implications of: public health crises such as the COVID-19 pandemic on the economy, nationallyand internationally, and on the Group, its operations and prospects; risks associated with changes inenvironmental scenarios and related regulations including (without limitation) the evolution anddevelopment of the global transition to a low carbon economy (including increasing societal andinvestor expectations); disruptions and inefficiencies in supply chains (such as resulting from thewars in Ukraine and the Middle East); future domestic and global political, economic and businessconditions (such as inflation or the UK's exit from the EU); projections relating to results ofoperations and financial conditions and the Company's plans and objectives for future operations,including, without limitation, discussions of expected future revenues, financing plans and expectedexpenditures and divestments; risks associated with changes in economic conditions, levels ofeconomic growth and the strength of the food and support services markets in the jurisdictions inwhich the Group operates; fluctuations in food and other product costs and labour costs; prices andchanges in exchange and interest rates; and the impacts of technological advancements. Forward-looking statements can be identified by the use of forward-looking terminology, including terms suchas 'believes', 'estimates', 'anticipates', 'expects', 'forecasts', 'intends', 'plans', 'projects', 'goal', 'target','aim', 'may', 'will', 'would', 'could' or 'should' or, in each case, their negative or other variations orcomparable terminology. Forward-looking statements in this Announcement are not guarantees of future performance. Allforward-looking statements in this Announcement are based upon information known to theCompany on the date of this Announcement. Accordingly, no assurance can be given that anyparticular expectation will be met and readers are cautioned not to place undue reliance on forward-looking statements when making their investment decisions. Additionally, forward-looking statementsregarding past trends or activities should not be taken as a representation or warranty that suchtrends or activities will continue in the future. Other than in accordance with its legal or regulatory Close Supplied by © Terms of Service | Cookie Policy
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obligations (including under the UK Listing Rules and the Disclosure Guidance and TransparencyRules of the Financial Conduct Authority), the Company undertakes no obligation to publicly updateor revise any forward-looking statement, whether as a result of new information, future events orotherwise. Nothing in this Announcement shall exclude any liability under applicable laws thatcannot be excluded in accordance with such laws. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END TSTFLFEDDVILFIE Close Supplied by © Terms of Service | Cookie Policy