Compass Group : Good Q1 2022-23 figures, outlook confirmed with a confident tone
>Q1 2022-23 trading update ahead of expectations, net new business still solid - Compass’ Q1 2022-23 trading update, issued yesterday, beat expectations. Organic growth, at 24% (consensus and ODDO BHF at +22%e), was driven by all regions, including North America (+23%), Europe (+26%) and RoW (+27%). We particularly note net new business growth of +5.5%, significantly above the historical level of 3% and it was broadly the same across the three regions, which is very e...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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