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Compass Group expects 4.5% full year growth

26 September 2013 by
Compass Group expects 4.5% full year growth

Global catering giant Compass Group said it expected full year revenue growth of 4.5% percent following a strong performance in its core North American market.

Strong levels of new business wins, good retention rates and modest inflationary price increases in North America drove the company's organic revenue growth.

Operating profit margin for the full year is expected to be more than 7% for the first time, for the 12 months to 30 September, reported Compass Group in a trading update today ahead of announcing its full year results on 27 November.

Like for like volumes are expected to be broadly flat in North America, negative in Europe & Japan and positive in Fast Growing & Emerging.

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