May 10, 2023 / NTS GMT
Presentation (Pre-Recorded)
May 10, 2023 / NTS GMT
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Corporate Participants
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* Charles Palmer Brown
Compass Group PLC - Group CFO & Director
* Dominic Blakemore
Compass Group PLC - Group CEO & Director
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Dominic Blakemore - Compass Group PLC - Group CEO & Director
Good morning, everyone. As usual, I'll begin with a summary before handing to Palmer, who will cover the financials. You'll be able to ask questions on our conference call, which is at 9 a.m. U.K. time. Details are on our website and press release.
We've had a strong first half, and we're establishing a new track record of performance. Operating profit was over GBP 1 billion and is now higher than during the first half of 2019. Organic growth of 25% was ahead of our expectations, and we continue to improve margins to 6.6%, an 80 basis point improvement year-on-year.
We delivered strong operating cash flow of GBP 870 million, which contributed to a further reduction in our leverage to 1.1x.
Half Year 2023 Compass Group PLC Earnings Presentation (Pre-Recorded) Transcript
Feb 13, 2024
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