- Compass Group
- 06 February 2025 07:26:26
Source: Sharecast
The company warned that, if current foreign exchange rates persist for the remainder of the year, they would have a $558m negative impact on revenues, compared with a hit of just $69m last year. The impact on operating profits would be $36m, up from $16m registered in the year just gone.
Nevertheless, Compass said it was "pleased with the strong start to the year [...] supported by continued strong client retention".
Organic revenues increased by 9.2% year-on-year in the first quarter ended 31 December, ahead of the full-year guidance of at least 7.5%, helped by positive outsourcing trends.
"We are an even more focused business and are leveraging investments in capex and M&A to support future growth, as we maintain our strong track record of delivering long-term, compounding shareholder returns," the company said.