Nov. 21, 2012, 2:56 a.m. EST

Compass Group adjusted net up; £400M buyback set

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By MarketWatch

LONDON--Compass Group PLC , a provider of food and support services, Wednesday posted "another strong year" with good levels of revenue and profit growth and announced further returns to shareholders in the form of a new GBP400 million buyback for 2013.


-The company recorded pretax profit of 789 million pounds during the year-ended September 30, compared with GBP958 million a year earlier: Adjusted pretax profit increased 7.2% to GBP1.09 billion versus GBP1.02 billion

-Reported revenue GBP16.91 billion versus GBP15.83 billion: Constant currency revenue GBP16.91 billion versus GBP15.67 billion

-Reported operating profit GBP856 million versus GBP1.02 billion: Adjusted operating profit GBP1.18 billion versus GBP1.09 billion

-Constant currency operating margin 6.9% versus 6.9%

-Basic earnings per share 32.1 pence versus 36.4 pence: Adjusted earnings per share 42.6 pence versus 39.0 pence

-Full year dividend per ordinary up to 21.3 pence versus 19.3 pence

-On track to complete existing GBP500 million share buyback

-Positive outlook in North America and Fast Growing & Emerging, combined with action plans in Europe, underpin expectations for 2013

-Well placed to exploit significant growth opportunities in food and support services globally and deliver further margin progression.

-Compass Group shares closed Wednesday at 709.0 pence, valuing the company at GBP13.08 billion.

Subscribe to WSJ:

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.