Compass Group PLC

Earnings Release • Jan 24, 2018

National Storage Mechanism | Additional information

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RNS Number : 7069C

Compass Group PLC

24 January 2018

Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68

24 January 2018                                                                                                             

Regional restatement

As announced on 18 December 2017, following the appointment of Dominic Blakemore as Deputy Chief Executive (now Chief Executive), Compass has eliminated the role of Chief Operating Officer - Europe.  As a result, we have made a small change to our regional reporting structure, moving Turkey out of our European region into our Rest of World region.   Our North American region is unchanged.

To enable comparison with prior periods we are providing restated 5 year historical figures for the new regional structure.  While these restatements affect regional results, they do not affect the Group's overall income statement, balance sheet, or cash flow. 

Reported figures £'s million			Full Year
			Europe						ROW
			2017	2016	2015	2014	2013		2017	2016	2015	2014	2013
Revenue		Old	5,911	5,458	5,192	5,421	5,641		3,619	3,215	3,290	3,438	3,766
		Net restatement	(313)	(287)	(269)	(273)	(287)		313	287	269	273	287
		New	5,598	5,171	4,923	5,148	5,354		3,932	3,502	3,559	3,711	4,053
Organic revenue growth		Old	1.6%	2.8%	2.2%	-0.9%	-2.4%		-2.5%	-1.2%	5.9%	6.1%	7.6%
New	0.9%	2.3%	1.8%	-1.7%	-3.2%		-1.2%	-0.6%	6.2%	6.6%	8.6%
Operating profit		Old	428	394	374	386	392		248	218	241	249	270
Net restatement	(17)	(15)	(14)	(14)	(17)		17	15	14	14	17
New	411	379	360	372	375		265	233	255	263	287
Margin		Old	7.2%	7.2%	7.2%	7.1%	6.9%		6.9%	6.8%	7.3%	7.2%	7.2%
New	7.3%	7.3%	7.3%	7.2%	7.0%		6.7%	6.7%	7.2%	7.1%	7.1%
Cash flow		Old	360	303	296	321	384		202	217	174	200	202
Net restatement	(15)	(15)	(3)	1	(14)		15	15	3	(1)	14
New	345	288	293	322	370		217	232	177	199	216
ROCE		Old	11.4%	10.9%	11.5%	12.0%	11.7%		26.1%	25.1%	20.8%	18.7%	18.7%
New	11.5%	11.1%	11.8%	12.3%	12.0%		23.5%	21.7%	18.9%	17.1%	17.0%

Reported figures in £'s million			Half Year
				Europe						ROW
				2017	2016	2015	2014	2013		2017	2016	2015	2014	2013
Revenue		Old		3,023	2,722	2,689	2,813	2,878		1,802	1,526	1,680	1,695	1,867
		Net restatement		(163)	(144)	(149)	(140)	(147)		163	144	149	140	147
		New		2,860	2,578	2,540	2,673	2,731		1,965	1,670	1,829	1,835	2,014
Organic revenue growth		Old		1.6%	3.7%	1.3%	-1.0%	-2.9%		-5.1%	1.7%	6.5%	7.3%	7.6%
New		1.0%	3.2%	0.7%	-1.8%	-3.7%		-3.8%	2.5%	7.1%	7.2%	8.8%
Operating profit		Old		226	201	199	206	207		113	97	115	117	131
Net restatement		(11)	(10)	(9)	(8)	(14)		11	10	9	8	14
New		215	191	190	198	193		124	107	124	125	145
Margin		Old		7.5%	7.4%	7.4%	7.3%	7.2%		6.3%	6.4%	6.8%	6.9%	7.0%
New		7.5%	7.4%	7.5%	7.4%	7.1%		6.3%	6.4%	6.8%	6.8%	7.2%
Cash flow		Old		200	138	130	151	162		76	57	46	71	74
Net restatement		(5)	(6)	2	2	(3)		5	6	(2)	(2)	3
New		195	132	132	153	159		81	63	44	69	77

Enquiries:       

Sandra Moura, Head of Investor Relations & Corporate Affairs                    +44 (0) 1932 573000

www.compass-group.com

Notes to Editors: Compass Group PLC is the world's leading food service company, which generated annual revenues of £22.6 billion in the year to 30 September 2017.  It operates in around 50 countries, employs over 550,000 people and serves over 5.5 billion meals a year. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio. 

This information is provided by RNS

The company news service from the London Stock Exchange

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