New UK defence contracts and a strong sports events calendar helped Compass’ revenue grow by 6.9% in the months to 31 December 2018.
European revenue grew by 6.4% driven by the impact of the new UK defence contracts in the second half of 2018. North America recorded a revenue uptick of 8% while the rest of the world saw an increase of 2.8%.
The catering giant’s trading update read: “We had an excellent start to the year and now expect to be slightly above the middle of our target 4-6% organic growth range for the full year, with modest margin progression. In the longer-term, we remain excited about the significant structural growth opportunities globally and the potential for further revenue growth and margin expansion.”
Compass has said it continues to progress a disposal programme, while also pursuing “targeted and bolt-on” acquisitions.
The group has said it continues to pursue efficiencies to offset cost increases.