Q3 2022 Compass Group PLC Trading Statement Call Transcript
Welcome to Compass Group's Third Quarter Trading Update Call. Hosting today's call will be Dominic Blakemore, group Chief Executive Officer. My name is Suzanne, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions) I will now hand over to your host, Dominic Blakemore, to begin today's conference. Thank you.
Thank you, and good morning, everyone. As usual, I'm here with Palmer, our CFO. We're delighted with our third quarter performance. Growth further accelerated in the quarter to 43% from 38% in the first half. This was due to positive contributions from all drivers of growth. Most critically, net new business accelerated to 9% or 7% on a like basis with 2019 compared to a historical 3%. Pricing stepped up and volumes continued to recover strongly. Pleasingly, all sectors and regions are now above 2019 levels, including B&I, which was 97% in the quarter and above 100% on a run rate basis. As we expected, new business and a change in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
