Q3 2021 Compass Group PLC Trading Statement Call Transcript
Thank you, Nash. Good morning, and thank you for dialing in. As usual, I'm joined by Karen, our CFO.
I'm sure you've read this morning's Q3 trading update. Before opening the call to questions, I'd like to say a few words on our performance and our outlook.
In Q3, our revenues grew by 36.4%, lapping the first full quarter of COVID-impacted revenues. As anticipated, we saw a gradual improvement in B&I and Education, whilst the more defensive sectors of Healthcare & Seniors and Defence, Offshore & Remote continued to grow, now surpassing pre-COVID levels. Our Sports & Leisure business benefited significantly from higher attendance levels following an easing of restrictions in North America. The retention rate remained strong at 95.4% year-to-date, and we continue to see a flight to trust.
I'm pleased to say that the trends we reported at the half year results continue, with around 50% of new business wins coming from first-time outsourcing. We're winning contracts across all sectors and all regions,
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