Half Year 2022 Compass Group PLC Earnings Call (Q&A) Transcript

May 11, 2022 / 08:00AM GMT
Operator

Hello, and welcome to the Compass Group Half Year Results Call. Hosting today's call will be Dominic Blakemore, Group Chief Executive Officer. This call is being recorded. (Operator Instructions).

I would now like to turn the call over to Dominic Blakemore. Please go ahead.

Dominic Blakemore - Compass Group PLC - Group CEO & Director

Thank you, and good morning. As usual, I'm joined by Palmer, our CFO. We're very pleased with our half year results. We've reached another milestone, and we're now above 100% of 2019 revenue on a run rate basis with 2 or 3 regions and 4 or 5 sectors, now above 100%. We're capturing the growth opportunity with another period of record new business wins and record client retention with growth now well balanced across our regions and sectors.

Global inflationary pressures are impacting all of us, and we expect it to further accelerate in half 2 and continue into the medium term. However, we believe we did sourced to manage these challenges and will benefit from the tailwind it provides to outsourcing. Our

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