Chairman's AGM Statement

Compass Group PLC 23 February 2000 COMPASS GROUP PLC CHAIRMAN'S AGM STATEMENT At the Annual General Meeting today (3pm), the Chairman of Compass Group PLC, Francis Mackay, will say: 'I am pleased to report that trading in the first four months of the current year has been in line with our expectations. 'The Group continues to generate significant organic growth in each of its business divisions. Contract retention is strong and recent contract gains include: * the single sourcing to Eurest for all foodservice in Germany by Metallgesellschaft - the first ever national catering contract in Germany. Eurest will work at 27 sites and provide foodservice for 20,000 customers. This initially doubles the size of Eurest's contract with Metallgesellschaft to a total turnover of almost £7m per annum; * the award of a national contract in the USA for Eurest, in combination with Canteen Vending, for Gateway. The contract is for foodservice and vending at over 10 sites, with total annual turnover in excess of £4m; * the appointment of Bateman to provide foodservice at the Southend Hospital NHS trust (annual turnover in excess of £1.5m); * the award of a 20 year contract at the prestigious Gerbeaud Cafe in Budapest; * the appointment for foodservice at the new site for Volkswagen in Brussels, with annual turnover in excess of £1.6m; * the extension of the previously announced Microsoft contract in North America to include foodservice at their San Jose facility and conference centre, adding in excess of £6m sales to the contract over its initial 5 year period.' 'The Group is in a strong position to maintain its progress in all its divisions.' Enquiries: Andrew Lynch, Group Finance Director, Compass Group +44 1932 573000 Cathi Lawrence Corporate Communications Director, Compass Group +44 1932 573000 Nick Lyon, Hudson Sandler +44 171 796 4133
UK 100

Latest directors dealings