BRIEF-Compass to cut back in southern Europe

LONDON, Sept 27 Thu Sep 27, 2012 2:06am EDT

LONDON, Sept 27 (Reuters) - Compass Group PLC : * Full year expectations remain positive and unchanged * Full year constant currency revenue growth expected to be c.8%; organic

revenue growth of c.5.5% * Operating profit increase of approximately 8%; margin slightly ahead of last

year * No change to 2012 and 2013 expectations * Positive trading momentum in North America and fast growing & emerging has

continued * Economic conditions in Europe have worsened throughout the year * Will cut operations in southern Europe from £800M to £600M, creating more

profitable business

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.