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Compass Group posted another strong quarter with organic revenue growth of more than 7% and client retention steady at 96%. The company also reiterated guidance for above 11% underlying operating profit growth in constant currency for 2026.
New business momentum improved, with GBP 4.3 billion of wins over the last 12 months, up 16% year over year. Compass said net new business growth is back in its 4% to 5% target range and expects further acceleration in the fourth quarter.
Growth opportunities are broadening across education, healthcare, sports and leisure, and data centers. Executives also highlighted continued demand from first-time outsourcing and said data center work has become a growing opportunity for the company.
Compass Group (LON:CPG) reported another strong quarter in its third-quarter trading update, with Group Chief Executive Officer Dominic Blakemore saying the company delivered organic revenue growth of more than 7% and maintained client retention at 96%.
Blakemore said net new business growth accelerated back into the company's 4% to 5% target range, and Compass remains on track to deliver net new business growth at that level for the fifth consecutive year. He said that would represent more than GBP 2.2 billion.
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"We're demonstrating our ability to grow consistently at scale over the long term," Blakemore said, citing the company's sector-focused model, disciplined execution and strong client demand.
Compass reiterated its 2026 guidance for above 11% underlying operating profit growth in constant currency. Blakemore said that outlook is supported by strong organic revenue growth, acquisitions and ongoing margin contribution.
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Compass said it secured GBP 4.3 billion of new business wins over the last 12 months, up 16% year over year. Blakemore said roughly half of those wins came from first-time outsourcing.
Business and industry remained the company's strongest-performing sector, delivering double-digit organic growth and more than GBP 2 billion of new business wins. Petros said the growth in business and industry was broad-based across subsectors, from financial services and banking institutions to attended vending, with about one-third coming from first-time outsourcing.
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Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
