UK's Compass Group slightly beats H1 revenue estimates, raises FY profit guidance on strong new business wins, margin progression

Crescent Point Energy Corp.

Crescent Point Energy Corp.

CPG

0.00


Overview

  • UK food services provider's H1 adjusted revenue rose 9%, slightly beating analyst expectations

  • Adjusted operating profit up 12% yr/yr; underlying margin improved to 7.4%

  • Company raised full-year profit guidance, citing strong new business wins and margin progression


Outlook

  • Compass Group raises 2026 underlying operating profit growth guidance to above 11%

  • Company expects organic revenue growth around 7% and ongoing margin progression in 2026

  • Leverage expected to remain above target range in 2026 due to M&A activity


Result Drivers

  • NEW BUSINESS WINS - Co said organic revenue growth was driven by mobilised net new business growth of 3.8%, with new business wins up 14% to $4.1bln, including a large share from first-time outsourcing

  • MARGIN IMPROVEMENT - Underlying operating margin rose 20bps to 7.4%, benefiting from operating leverage and synergies from recent acquisitions

  • ACQUISITIONS - Recent acquisitions, notably Vermaat in the Netherlands and Pro Care Management in Germany, contributed to growth and strengthened the European platform


Company press release: ID:nRSK7603Da


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

$25 bln

H1 Adjusted Revenue

Slight Beat*

$25 bln

$24.89 bln (3 Analysts)

H1 Adjusted Operating Profit

Beat

$1.84 bln

$1.81 bln (2 Analysts)

H1 Adjusted Operating Margin

7.40%

H1 Operating Profit

$1.61 bln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy"

  • The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


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