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Compass returns to profitability

The contract catering giant has returned to profitability, but it will be looking to better insulate the business against future unforeseen disruptions to trading
Compass returns to profitability
  • A return to profitability and a cash-neutral position in Q4
  • The group plans to boost the flexibility of its operating model
IC TIP: Hold at 1400p

As one might expect with a contract caterer, this year has been an exercise in damage limitation. Compass Group (CPG) registered a 77.8 per cent fall in underlying earnings for FY2020, while organic revenue at the catering heavyweight was down 18.8 per cent year on year, despite resilient trading in North America.

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