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July 26, 2012, 2:36 a.m. EDT

Compass Group: Fiscal-year view remains positive

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By MarketWatch

LONDON--Catering company Compass Group PLC Thursday said has it delivered another good performance in the third quarter of the year and the company's expectations for the full year remain positive and unchanged.


-Including the contribution from acquisitions, constant currency revenue for the Group increased by 7.8% in the quarter, compared to the same period last year.

-Organic revenue growth of 5.7% in the third quarter.

-Operating profit margin in the third quarter was slightly above the same period last year.

-Free cash flow conversion was strong.

-Have invested 189 million pounds in acquisitions in the financial year to date.

-No significant change in the strong financial position of the Group in the period since March 31.

-Pipeline of business looks encouraging.

-Challenging economic conditions in Europe will continue to put pressure on like for like volume.

-North America and the Fast Growing & Emerging regions grew strongly.

-Expects to deliver further margin growth over he medium term.

-Shares on Wednesday closed at 653 pence.

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