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Evening Standard
Evening Standard
Business
Michael Hunter

Revenue at Compass heads north as office workers and sports fans return

Canteens filling up with returning office workers are reheating earnings at the Chertsey-based multinational Compass/PA)

Canteens and staff restaurants filling up with returning workers from London to Los Angeles have boosted revenue at Compass which also revealed today the benefit of the strong dollar.

The world’s biggest contract caterer served up the prospect of an extra £1.3 billion in full-year revenue, helped by “foreign exchange translation”, adding around £94 million to operating profit. A stronger dollar helps flatter the earnings Compass makes in the currency when translated into sterling.

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