Compass Group : Solid H1 2024 results, a slight upward revision to our estimates
>Solid H1 2024 results, upward revision to the guidance for FY 2024 - Yesterday before trading, Compass published H1 2024 results that came in a shade above expectations, including organic revenue growth of 11.2% and an EBIT margin of 7.1% (vs 7.0% for the consensus). In light of the H1 results and the encouraging outlook, Compass has raised its targets for 2024 and now anticipates organic growth of around 10% (vs high single-digit growth previously) and EBIT growth t...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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