Q1 2024 Compass Group PLC Trading Statement Call Transcript

Feb 13, 2024

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Feb 08, 2024 / 08:00AM GMT
Operator

Good morning, and welcome to Compass Group's Q1 Trading Update Call. Hosting today's call will be Dominic Blakemore, Group Chief Executive Officer. Following the opening remarks, you will have the opportunity to ask questions. (Operator Instructions) This call is being recorded.

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

Dominic Blakemore - Compass Group PLC - Group CEO & Director

Thank you. Good morning, everyone, and welcome to the first quarter results call. I'm delighted to have Petros here with me today, who took over as our CFO in December.

We've had a great start to the year with strong organic revenue growth and a couple of exciting strategic acquisitions. Growth was strong across all of our regions, but we're particularly pleased with Europe, which continues to build a solid track record of performance. We were positively surprised by the like-for-like volumes, particularly in B&I, which has benefited from more return to office and hospitality events around Christmas compared to the year before. The

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