Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2017 | 08:58am CEST

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]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on COMPASS GROUP PLC
05/18 COMPASS GROUP PLC : ex-dividend day for interim dividend
05/11 COMPASS : reveals £1bn special payout
05/10DJCOMPASS : Reports Jump in Profit, To Return More Than $1 Billion to Shareholders
05/10 COMPASS : proposes $1.3 billion special dividend after strong sales growth
05/05COMPASS GROUP PLC : half-yearly earnings release
05/02 COMPASS : Parikshit Roy, Managing Director, Compass India Support Services Pvt. ..
04/26 *TRADERS : Deutsche bank initiates compass group with 'hold' - target 1600 pence
04/24 COMPASS : *credit suisse cuts compass group target to 1715 pence - 'outperform'
04/24 Board member Paul Walsh to leave HSBC
04/21 COMPASS : Unilever Announce Food Waste Reduction Effort
More news
Sector news : Restaurants & Bars - NEC
10:54p CHIPOTLE MEXICAN GRILL : says hackers stole payment card info in data breach
10:54p CHIPOTLE MEXICAN GRILL : says hackers stole payment card info in data breach
05/24 UNITED CONTINENTAL : Disgruntled employees grill United at shareholders meeting
05/24 MCDONALD : Hundreds protest over minimum wage at McDonald's stockholder meeting
05/24 BUFFALO WILD WINGS : ISS recommends activist nominees for Buffalo Wild Wings boa..
More sector news : Restaurants & Bars - NEC
News from SeekingAlpha
05/12 Compass Group's (CMPGF) CEO Richard Cousins on Q2 2017 Results - Earnings Cal..
05/10 Compass Group reports 1H results
03/11 Production Begins To Rapidly Ramp At TerraVia's Joint Venture
02/03 Compass Group's (CMPGF) CEO Richard Cousins Hosts AGM and Q1 2017 Trading Upd..
2016 COMPASS GROUP PLC ORD NEW's (CMPGF) CEO Richard Cousins on Q4 2016 Results - ..
Advertisement
Financials ( GBP)
Sales 2017 22 716 M
EBIT 2017 1 699 M
Net income 2017 1 169 M
Debt 2017 2 365 M
Yield 2017 2,11%
P/E ratio 2017 22,69
P/E ratio 2018 21,12
EV / Sales 2017 1,28x
EV / Sales 2018 1,22x
Capitalization 26 639 M
More Financials
Chart COMPASS GROUP PLC
Duration : Period :
Compass Group plc Technical Analysis Chart | CPG | GB00BLNN3L44 | 4-Traders
Full-screen chart
Technical analysis trends COMPASS GROUP PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 16,0  GBP
Spread / Average Target -1,3%
Consensus details
EPS Revisions
More Estimates 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 A. Robert Senior Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
COMPASS GROUP PLC7.93%34 309
STARBUCKS CORPORATION13.29%91 085
SODEXO9.52%20 584
RESTAURANT BRANDS INTE..27.92%14 434
DARDEN RESTAURANTS, IN..21.15%10 954
WHITBREAD PLC12.50%10 033
More Results