Compass Group : Greater caution on the top line in the short term, but offset by good cost control
>Q1 2020-21 trading update broadly in line, margin expected to improve in Q2 - Compass issued yesterday a Q1 2020-21 (October to December 2020) trading update before the market open that was broadly in line with forecasts, with an organic decline of 33.7%, suggesting sequential stability vs Q4 2019-20 (-34.1%). The EBIT margin grew strongly in Q1 to 2.7% (vs 0.6% in Q4 2019-20) and is expected to show a further sequential improvement in Q2 20201e21, of +50/100bp, sugge...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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