Compass Group PLC (LSE:CPG)
£ 25.96 0.3 (1.17%) Market Cap: 44.03 Bil Enterprise Value: 48.00 Bil PE Ratio: 32.52 PB Ratio: 8.55 GF Score: 83/100
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Q1 2019 Compass Group PLC Trading Statement Call Transcript

Feb 06, 2020 / 08:00AM GMT
Release Date Price: £19.58 (+2.70%)
Operator

Good morning, ladies and gentlemen, and welcome to the Compass Group PLC First Quarter Trading Update Call, hosted by Dominic Blakemore, Chief Executive Officer; and Karen Witts, Chief Financial Officer. (Operator Instructions)

I would now like to hand the call over to Dominic Blakemore. Sir, you may begin.

Dominic Blakemore
Compass Group PLC - Group Chief Executive & Director

Thank you. Good morning, ladies and gentlemen, and thank you for dialing in. As usual, I'm joined by Karen Witts, our CFO. I'm sure you've read this morning's statement. And before opening the call to questions, I'd like to say a few words on our performance and outlook.

We've had an encouraging start to the year. We continue to perform well and to deliver industry-leading growth and margins, whilst at the same time, we continue to invest in the business to drive long term, sustainable, profitable growth.

The cost action program we announced in November is progressing as planned and delivering the savings to offset the anticipated volume declines in our

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