Half Year 2023 Compass Group PLC Earnings Call Transcript

Feb 13, 2024

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May 10, 2023 / 08:00AM GMT
Operator

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

I will now turn over the call to Dominic Blakemore. Please go ahead, sir. Thank you.

Dominic Blakemore - Compass Group PLC - Group CEO & Director

[Thanks, Caroline]. Good morning, everyone, and thank you for joining us. As usual, I have Palmer with me here today.

We're very pleased with our first half results. We're establishing a new track record of strong performance for the group. Profit for the first half was over GBP 1 billion for the first time; strong organic revenue growth and margin progression, which were both ahead of our expectations.

We're pleased with the balance of revenue growth across the business with all regions now delivering net new above 5%. This represents a sustainable improvement in Europe's performance over the last 18 months. The region continues to benefit from the focus on growth. Margin

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