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

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 2018 23 614 M
EBIT 2018 1 776 M
Net income 2018 1 215 M
Debt 2018 3 146 M
Yield 2018 2,40%
P/E ratio 2018 19,98
P/E ratio 2019 18,56
EV / Sales 2018 1,15x
EV / Sales 2019 1,08x
Capitalization 24 055 M
Technical analysis trends COMPASS GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 29
Average target price 17,0  GBP
Spread / Average Target 11%
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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