Compass Group : Positive outlook for 2024 and more proactive tone on M&A
>Good 2023 results, net new growth of 4.6% ahead of the historical trend - Before trading yesterday, Compass reported good 2023 results, in line with expectations. We particularly note an excellent level of net new business growth, at +4.6%, ahead of the historical level of 2-3%, underpinned by a still very high retention rate (96.5%) and a good level of new signatures. But these numbers did not sit well with the market (off -2% at the close), probably because the new...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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