Compass Group : Solid organic growth in H1, but this cannot be extrapolated to the rest of the year
>H1 publication in line, organic slowdown anticipated for H2 - Compass has reported interim earnings in line, with solid organic growth of +6.6% (+6.4% excluding the impact of Easter weekend) and a stable margin at 7.6%. That said, guidance for FY 2019 implies a slowdown in organic growth in H2 (c.4.5% est.) vs H1, since H1 benefited from one-off effects (calendar, sporting events in the US), given the less favourable comparison base in H2 (particularly in Q4 in US) a...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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