Compass Group : Q3 2022-23 figures in line and FY 2022-23 guidance maintained but severe sanction by the markets
>Q3 2022-23 trading update in line with expectations, net new business still solid - Compass’ trading update, issued before trading yesterday, was in line with expectations. Organic growth of 15% (consensus 14.4%, ODDO BHF +14.5%e) was driven by all regions, including North America (+14%, ODDO BHF 15%e), Europe (+17%, ODDO BHF 13%e) and RoW (+20%, ODDO BHF 15%e). Net new business growth came to +5%, still well ahead of the historical level of 3% and suggesting stabili...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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