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Wednesday, May 30, 2012
News Making Money

Compass boosted by US despite weak European market

02/02/2012 08:02 (118 Day 09:09 minutes ago)

The FINANCIAL -- A strong performance in North America has helped contract caterer Compass to record an 8% rise in global first quarter sales, according to Caterer and Hotelkeeper.

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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 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."

 

 

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