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

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Compass : proposes $1.3 billion special dividend after strong sales growth

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05/10/2017 | 08:51am CEST

Compass Group, the world's biggest catering firm, proposed a 1 billion-pound ($1.3 billion) special dividend and said that revenue growth had accelerated in the first half of the year on strong trading in North America and improving trends in Europe.

The British firm, which serves about 5 billion meals each year, said organic revenue rose 3.6 percent at constant currency to 11.6 billion pounds in the six months ended March 31. It had reported revenue growth in the first quarter of 2.8 percent.

First-half underlying operating profit grew 5.2 percent at constant currency to 894 million pounds, Compass said.

Last month, rivals Sodexo and Edenred reported higher sales, prompting them to maintain financial targets.

Compass said on Wednesday its expectations for the full year to September were unchanged and "positive", with growth expected to more skewed towards the second half of the year.

"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," Chief Executive Richard Cousins said in a statement.

The company also proposed an interim dividend of 11.2 pence, up 5.7 percent from an year ago.

(Reporting by Esha Vaish in Bengaluru. Editing by Jane Merriman)

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Financials ( GBP)
Sales 2017 22 680 M
EBIT 2017 1 697 M
Net income 2017 1 167 M
Debt 2017 2 827 M
Yield 2017 2,20%
P/E ratio 2017 21,63
P/E ratio 2018 20,14
EV / Sales 2017 1,25x
EV / Sales 2018 1,18x
Capitalization 25 429 M
Chart COMPASS GROUP PLC
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Technical analysis trends COMPASS GROUP PLC
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Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 16,9  GBP
Spread / Average Target 5,1%
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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