Compass Group PLC (OTCPK:CMPGF) Q3 2025 Sales/Trading Update Conference Call July 22, 2025 4:00 AM ET
Company Participants
Dominic William Blakemore – Group CEO & Director
Petros Parras – Group CFO & Director
Conference Call Participants
Andre Juillard – Deutsche Bank AG, Research Division
Estelle Weingrod – JPMorgan Chase & Co, Research Division
Ivar Billfalk-Kelly – UBS Investment Bank, Research Division
Jaafar Mestari – BNP Paribas Exane, Research Division
Jamie David William Rollo – Morgan Stanley, Research Division
Leo Carrington – Citigroup Inc., Research Division
Pravin Gondhale – Barclays Bank PLC, Research Division
Simon LeChipre – Jefferies LLC, Research Division
Simona Sarli – BofA Securities, Research Division
Operator
Welcome to the Compass Group’s Third Quarter Trading Update Conference Call hosted by Dominic Blakemore, Group Chief Executive Officer. This call is being recorded. [Operator Instructions]
I will now turn the call over to Dominic Blakemore for his opening remarks. Please go ahead, sir.
Dominic William Blakemore
Thank you. Good morning, and welcome to our third quarter trading update. As usual, Petros is alongside me. I’ll start with some highlights on recent trading before discussing the exciting strategic platform acquisition in Europe that we’ve also announced today.
The group delivered another strong quarter with organic revenue growth of 8.6%. While both regions performed well, North America was particularly strong across all sectors. Net new business continued in the middle of our 4% to 5% range, supported by strong client retention of above 96%. Our M&A is performing better than expected with the integration of recent acquisitions progressing well. As a result, we’re upgrading our full year guidance. We now expect constant currency underlying operating profit growth to be towards 11%, driven by organic revenue growth above 8% and ongoing margin progression.
Now turning to the acquisition of Vermaat, which is subject to regulatory
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