Half Year 2021 Compass Group PLC Earnings Call Transcript
Welcome to the Compass Group PLC Half Year Results Question & Answer session. Hosting today's call, Dominic Blakemore, Group Chief Executive. (Operator Instructions) I will now hand over to Dominic Blakemore for opening remarks.
Thank you very much. Good morning, and thank you for joining in. As usual, I'm joined by Karen Witts, our CFO. I'm sure you've read this morning's half year statement. Before opening the call to questions, I'd like to say a few words on our performance and outlook.
Although our business continues to be impacted by the pandemic, during the first half of this financial year, we delivered continued margin progression, strong cash flow and excellent client retention. At the end of March, we were trading at 71% of 2019 revenues. Performance across both quarters was broadly unchanged.
In B&I, industry volumes were more resilient, while business is affected by widespread working from home. Sports remain mostly close, although the sector benefited from a
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