Full Year 2023 Compass Group PLC Earnings Call Transcript
Good morning, and welcome to Compass Group's Full Year Results Conference Call. Hosting today's call will be Dominic Blakemore, Group Chief Executive Officer; and Palmer Brown, Group Chief Financial Officer. (Operator Instructions) This call is being recorded. Please stand by, the presentation will begin shortly.
Good morning, and thank you for joining us today. 2023 was an excellent year for Compass. We're building a strong, balanced and sustainable growth model across the group.
Revenue exceeded GBP 31 billion, and operating profit increased to GBP 2.1 billion with margin up by 60 basis points. We generated an operating cash flow of over GBP 1.8 billion, giving us flexibility to invest in the business and to return surplus cash to shareholders. In addition to the almost GBP 1 billion we returned in 2023, we've announced another buyback of up to $500 million, depending on the M&A opportunities.
Our value-creation model is generating attractive compounding shareholder returns
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