Regional restatement

RNS Number : 7069C
Compass Group PLC
24 January 2018
 

Legal Entity Identifier (LEI) No. 2138008M6MH9OZ6U2T68

 

                                               

24 January 2018                                                                                                             

 

Regional restatement

 

As announced on 18 December 2017, following the appointment of Dominic Blakemore as Deputy Chief Executive (now Chief Executive), Compass has eliminated the role of Chief Operating Officer - Europe.  As a result, we have made a small change to our regional reporting structure, moving Turkey out of our European region into our Rest of World region.   Our North American region is unchanged.

 

To enable comparison with prior periods we are providing restated 5 year historical figures for the new regional structure.  While these restatements affect regional results, they do not affect the Group's overall income statement, balance sheet, or cash flow. 

 

Reported figures £'s million

Full Year

 

Europe

 

ROW

 

 

 

 

 

2017

2016

2015

2014

2013

 

2017

2016

2015

2014

2013

 Revenue

 

Old

5,911

5,458

5,192

5,421

5,641

 

3,619

3,215

3,290

3,438

3,766

 

 

Net restatement

(313)

(287)

(269)

(273)

(287)

 

313

287

269

273

287

 

 

New

5,598

5,171

4,923

5,148

5,354

 

3,932

3,502

3,559

3,711

4,053

 

 

 

 

 Organic revenue growth

Old

1.6%

2.8%

2.2%

-0.9%

-2.4%

 

-2.5%

-1.2%

5.9%

6.1%

7.6%

New

0.9%

2.3%

1.8%

-1.7%

-3.2%

 

-1.2%

-0.6%

6.2%

6.6%

8.6%

 

 

 

 

 Operating profit

Old

428

394

374

386

392

 

248

218

241

249

270

Net restatement

(17)

(15)

(14)

(14)

(17)

 

17

15

14

14

17

New

411

379

360

372

375

 

265

233

255

263

287

 

 

 

 

 Margin

Old

7.2%

7.2%

7.2%

7.1%

6.9%

 

6.9%

6.8%

7.3%

7.2%

7.2%

New

7.3%

7.3%

7.3%

7.2%

7.0%

 

6.7%

6.7%

7.2%

7.1%

7.1%

 

 

 

 

 Cash flow

Old

360

303

296

321

384

 

202

217

174

200

202

Net restatement

(15)

(15)

(3)

1

(14)

 

15

15

3

(1)

14

New

345

288

293

322

370

 

217

232

177

199

216

 

 

 

 

 ROCE

Old

11.4%

10.9%

11.5%

12.0%

11.7%

 

26.1%

25.1%

20.8%

18.7%

18.7%

New

11.5%

11.1%

11.8%

12.3%

12.0%

 

23.5%

21.7%

18.9%

17.1%

17.0%

 

Reported figures in £'s million

Half Year

 

Europe

 

ROW

 

 

 

 

 

2017

2016

2015

2014

2013

 

2017

2016

2015

2014

2013

 Revenue

 

Old

3,023

2,722

2,689

2,813

2,878

 

1,802

1,526

1,680

1,695

1,867

 

 

Net restatement

(163)

(144)

(149)

(140)

(147)

 

163

144

149

140

147

 

 

New

2,860

2,578

2,540

2,673

2,731

 

1,965

1,670

1,829

1,835

2,014

 

 

 

 

 Organic revenue growth

Old

1.6%

3.7%

1.3%

-1.0%

-2.9%

 

-5.1%

1.7%

6.5%

7.3%

7.6%

New

1.0%

3.2%

0.7%

-1.8%

-3.7%

 

-3.8%

2.5%

7.1%

7.2%

8.8%

 

 

 

 

 Operating profit

Old

226

201

199

206

207

 

113

97

115

117

131

Net restatement

(11)

(10)

(9)

(8)

(14)

 

11

10

9

8

14

New

215

191

190

198

193

 

124

107

124

125

145

 

 

 

 

 Margin

Old

7.5%

7.4%

7.4%

7.3%

7.2%

 

6.3%

6.4%

6.8%

6.9%

7.0%

New

7.5%

7.4%

7.5%

7.4%

7.1%

 

6.3%

6.4%

6.8%

6.8%

7.2%

 

 

 

 

 Cash flow

Old

200

138

130

151

162

 

76

57

46

71

74

Net restatement

(5)

(6)

2

2

(3)

 

5

6

(2)

(2)

3

New

195

132

132

153

159

 

81

63

44

69

77

                             

Enquiries:       

 

Sandra Moura, Head of Investor Relations & Corporate Affairs                    +44 (0) 1932 573000

 

www.compass-group.com

 

 

Notes to Editors: Compass Group PLC is the world's leading food service company, which generated annual revenues of £22.6 billion in the year to 30 September 2017.  It operates in around 50 countries, employs over 550,000 people and serves over 5.5 billion meals a year. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio. 

 


This information is provided by RNS
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