Jul 26, 2022 / 08:00AM GMT
Operator
Welcome to Compass Group's Third Quarter Trading Update Call. Hosting today's call will be Dominic Blakemore, group Chief Executive Officer. My name is Suzanne, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions) I will now hand over to your host, Dominic Blakemore, to begin today's conference. Thank you.
Dominic Blakemore - Compass Group PLC - Group CEO & Director
Thank you, and good morning, everyone. As usual, I'm here with Palmer, our CFO. We're delighted with our third quarter performance. Growth further accelerated in the quarter to 43% from 38% in the first half. This was due to positive contributions from all drivers of growth. Most critically, net new business accelerated to 9% or 7% on a like basis with 2019 compared to a historical 3%. Pricing stepped up and volumes continued to recover strongly. Pleasingly, all sectors and regions are now above 2019 levels, including B&I, which was 97% in the quarter and above 100% on a run rate basis. As we expected, new business and a change in
Q3 2022 Compass Group PLC Trading Statement Call Transcript
Feb 13, 2024
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