Full Year 2024 Compass Group PLC Earnings Call Transcript

Nov 26, 2024 / 09:00AM GMT
Dominic Blakemore - Compass Group PLC - Group Chief Executive Officer, Executive Director

Good morning, and welcome to our 2024 full-year results. It's been another great year of strong progress. Our operating profit increased by 16% with organic revenue growth of 11% and 30 basis points of margin progression to 7.1%.

We operate in an industry that has a significant and attractive structural runway for growth. In recent years, we've improved the quality of our portfolio by exiting noncore markets. And we've continued to invest in capability, CapEx, and M&A to sustain higher net new business growth.

Over the next few minutes, we'll tell you how our relentless focus on the core, strong competitive advantages, and ongoing investment are unlocking further growth opportunities. But first, let me hand you over to Petros.

Petros Parras - Compass Group PLC - Group Chief Financial Officer, Executive Director

Thanks, Dominic. Good morning, everyone. We've delivered another strong financial performance with double-digit growth across all key metrics:

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