Compass Group PLC (CMPGF) Q1 2025 Earnings Call Transcript

2025-02-06 14:30:14 ET

Compass Group PLC (CMPGF)

Q1 2025 Results Conference Call

February 06, 2025 04:00 AM ET

Company Participants

Dominic Blakemore - Group CEO & Director

Petros Parras - Group CFO & Director

Conference Call Participants

Jamie Rollo - Morgan Stanley

Simona Sarli - Bank of America

Simon LeChipre - Jefferies

Jaafar Mestari - BNP Paribas

Vicki Stern - Barclays

Presentation

Dominic Blakemore

Thank you, George. Good morning, and welcome to our Q1 trading update. As usual, Petros is alongside me.

We've had a strong start to the year with organic revenue growth over 9%. Net new business remains excellent and accounts for about half of our growth, supported by strong client retention. Outsourcing and industry trends remain extremely positive, underpinning our exciting growth momentum. New business signings over the last 12 months reached another high of $3.6 billion on an annualized basis, and our pipeline is the strongest it's ever been....

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