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Compass boosted by US despite weak European market

02 February 2012
Compass boosted by US despite weak European market

A strong performance in North America has helped contract caterer Compass to record an 8% rise in global first quarter sales.

Organic revenue growth in was "almost 5%" but hit 8% once the effect of acquisitions was included.

The performance offset a weak European market where sales volumes are still being impacted.

The company indicated that sales levels were starting to return to normal after the earthquake in Japan last year.

In a statement, Compass said: "We have seen good levels of new business wins and the improved level of retention we achieved in the second half of last year has continued into the new financial year."

By Neil Gerrard

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