Compass Group: 2024 another year of strong performance

Surrey / UK. (cg) British Compass Group PLC presented its results for the year ended 30 September (FY-2024). The Group announced another year of strong performance and is confident in delivering high single-digit profit growth in 2025. Group Chief Executive Dominic Blakemore: «2024 has been a year of strong operational and financial performance, with net new business growth accelerating in the second half as expected. The business continues to successfully capitalise on the dynamic market trends, using its proven competitive advantages to drive higher revenue and profit growth. We have exited, or agreed to exit, nine non-core countries, further improving the quality of our portfolio and enabling us to better focus on our core markets with the greatest growth opportunities. To support this growth, we’re investing in capex to drive net new business and are currently prioritising strategic acquisitions to further enhance our unique sectorised approach to clients. We have a proven track record of successful M+A in North America and are using that blueprint to unlock growth in other regions. The integration of recent high-quality acquisitions in Europe is progressing well, and we’re excited by the capabilities they bring to the Group. In 2025, we expect high single-digit underlying operating profit growth, driven by organic revenue growth above 7.5 percent and ongoing margin progression. Longer term, we are confident in sustaining mid-to-high single-digit organic revenue growth with ongoing margin progression, leading to profit growth ahead of revenue growth. Our priority is to invest in the business through capex and M+A to support future growth, with surplus capital being returned to shareholders as we maintain our strong track record of delivering long-term, compounding shareholder returns.» For additional info please read the PDF file below (343 KB):