Compass Group : Encouraging ramp-up of outsourcing in a context of a gradual recovery out to September
>H1 2021 slightly above estimates, inflation to be monitored - Compass published yesterday before the stock market open its H1 2021 results, which came out 2% above our estimates, with notably a 4.2% EBIT margin in Q2, above the pre-publication level of 0.4%/. This nice surprise came notably from the main business of education (universities, students still on campus during spring break) and operating management that improved at several sites (the effect of experience)...Compass Group is engaged in providing outsourced food and support services. The five sectors in which Co. operates are: Business & Industry, which provides food for employees during their working day; Healthcare & Seniors, which helps hospitals in the public and private sectors manage and enhance quality of food and support services; Education, which provides dining solutions from kindergarten to college; Sports & Leisure, which provides hospitality and service at sporting and leisure venues, exhibition centers, visitor attractions and events; and Defence, Offshore & Remote, which provides food and support services to companies in the oil and gas and mining and construction industries.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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