A strong first-half has led catering giant Compass Group to raise its full-year profit guidance.
Underlying operating profits grew ahead of revenues in the six months to 31 March, rising 12% to $1.8bn.
Sales in half increased 9% to $25bn, thanks to 7.2% organic growth and a 1.5% contribution from M&A.
The group, which is the world’s biggest contract foodservice company, recorded $4.1bn in new business wins in the period.
Compass said it remained confident in sustaining mid-to-high single-digit organic revenue growth, ongoing margin progression and profit growth ahead of revenue growth.
The group raised growth guidance for underlying operating profits in 2026 from around 10% to above 11%.
CEO Dominic Blakemore said Compass had great momentum across the business, driven by “excellent new business wins, high levels of client retention and margin progression in both regions”.
“Compass operates in a highly attractive market, with sectors that are expected to benefit from continued structural growth,” he added.
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