November 26, 2019 / 7:20 AM / 2 months ago

Caterer Compass Group posts higher profit, warns on Europe performance

Nov 26 (Reuters) - Compass Group Plc reported a higher annual underlying operating profit of Tuesday, but said deteriorating business and consumer confidence in Europe has hurt volumes and margins at its unit that provides catering services to companies.

Compass, which provides meals for office workers, armed forces and school children in more than 50 countries, said underlying operating profit grew 4.7% to 1.88 billion pounds for the year ended Sept. 30, helped by growth in North America and its UK defence and sports and leisure units. (Reporting by Indranil Sarkar and Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)

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