Shares in hospitality group Compass Group (LON:CPG) rose over 2 percent on Wednesday, after reporting strong third quarter performance.
Organic revenue growth in the third quarter stood at 3.9 percent, with growth accelerating after netting new business in North America and recording good progress in Europe. For the nine months to 30 June 2017 organic revenue growth was 3.7 percent.
In North America the firm recorded a 7.1 percent revenue growth over the third quarter, but saw a 0.3 percent fall in Europe and a 1.3 percent decline in its business across the rest of the world.
In a statement, the group said it had “had a good third quarter”, and full year expectations remain “positive and unchanged.”
“North America is performing strongly and we anticipate further progress in Europe and Rest of World in the fourth quarter. We remain focused on driving efficiencies throughout the business and our margin expectations for the full year are also unchanged”, it concluded.
Shares in Compass are currently trading up 2.25 percent on the positive outlook, at 1,634.00 (1101GMT).
