Compass expects growth in revenues for FY2022

Compass has said that its guidance remains unchanged for 2022.

Revenue grew by 38.6% in the three months ending 31 December for the foodservice multinational group thanks to growth in all regions.

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Revenues are expected to increase by 20-25% this year while underlying operating margin is expected to be at 6-7%.

The group said: “We are encouraged by the strong start to the year, excellent new business wins and continued strong client retention,”

“However, we are mindful of some impact from the Omicron variant in the second quarter, with Business and Industry clients delay their return to work, some Sport and Leisure events being postponed and Education facilities extending their remote learning.”

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