Compass serves 6 billion meals a year and is the world’s largest contract caterer (Anthony Devlin/PA)
(Picture: PA Archive)Rising inflation is prompting more companies to seek outside help to control costs according to Compass Group, the world’s largest contract caterer.
Third-quarter revenue at the FTSE 100 company surpassed pre-Covid levels, helped by what it called “first time outsourcing”. All areas of its business operated above pre-pandemic levels, with underlying revenues up 109% from the same period in 2019. At its last set of annual results, it reported annual revenue of £18.1 billion and operating profit of £811 million.
