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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Compass Group plc    GB00BLNN3L44_GB   GB00BLNN3L44

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Compass : Reports Jump in Profit, To Return More Than $1 Billion to Shareholders

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05/10/2017 | 08:58am CET

By Tapan Panchal

LONDON--Compass Group PLC (CPG.LN) said Wednesday it will return 1 billion pounds ($1.29 billion) to shareholders via a special dividend, as the catering and support-services provider reported a 25% jump in first-half pretax profit.

The company intends to pay a special dividend of 61 pence a share in July though part of the cash return to shareholders would be through a reverse stock split, also known as a share consolidation, details of which Compass said it would announce later this month. Both moves would be subject to shareholder approval, Compass said.

The company said it has arranged bridge funding to pay for the special dividend in the first instance, to be replaced by "longer-term bond finance in due course."

Compass raised its interim dividend by 5.7% to 11.2 pence a share.

Compass recorded pretax profit of 831 million pounds ($1.08 billion) for the six months ended March 31, up from GBP666 million in the year ago period, on a 20% rise in revenue to GBP11.62 billion from GBP9.67 billion. Operating profit rose to GBP877 million from GBP704 million.

"Our expectations for fiscal 2017 are positive and unchanged, with growth weighted to the second half. Our pipeline of new contracts is encouraging and our focus on organic growth, efficiencies and cash gives us confidence in achieving another year of delivery," said Chief Executive Officer Richard Cousins.

Write to Tapan Panchal at [email protected]

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Financials ( GBP)
Sales 2018 23 588 M
EBIT 2018 1 774 M
Net income 2018 1 234 M
Debt 2018 3 140 M
Yield 2018 2,41%
P/E ratio 2018 19,86
P/E ratio 2019 18,40
EV / Sales 2018 1,16x
EV / Sales 2019 1,09x
Capitalization 24 324 M
Technical analysis trends COMPASS GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 17,0  GBP
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Richard John Cousins Group Chief Executive Officer & Executive Director
Paul Steven Walsh Non-Executive Chairman
Johnny Thomson Group Finance Director & Executive Director
Gary R. Green Executive Director & CEO-North America Region
Donald Austin Robert Senior Independent Non-Executive Director
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