QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Date Book

Search:      

Bookmark this site




Issue Date: Vol. 53, No. 8, August 2013, Posted On: 7/29/2013


North America Is Bright Spot For Compass Group In Q3


Emily Jed
Emily@vendingtimes.net
TAGS: vending, food service, catering giant, Compass Group, Canteen Vending, Compass third-quarter organic revenue, contract foodservice, Compass Group financial report

LONDON -- Compass Group, the world's biggest caterer and parent of Canteen Vending, posted a 4% rise in third-quarter organic revenue, boosted by strong business in North America and emerging markets. These gains offset weaker performance in Europe.

The company said it won and retained high levels of business in North America for the period, ended June 30. Business was also strong in emerging markets, led by Brazil and Turkey.

Organic revenue declined by 3.4% in Europe and Japan, but the company said its move last year to begin shedding unprofitable contracts and selling businesses in southern Europe helped offset the impact on profitability.


Topic: Vending Features

Articles:
  • Variety Food Services' Ken Nowak Dies At 84; Chaired NAMA In 1984
  • Jury Finds 5-hour Energy Counterfeit Kingpins Guilty
  • Grow Healthy Vending Selects Parlevel's VMS Technology
  • American Green Adds Biometric Technology To Its Pot Vending Machine
  • Private-Equity Firm Acquires Accent Food Services

Copyright © 2016 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570