Our business
Because of our shared values, everyone in Compass is committed to consistently delivering superior service in the most efficient way to create value for our customers, shareholders and employees.
We are specialists who help clients either outsource or establish a foodservice or support service, or sometimes both, to suit their needs.
How we do that draws on our global resources and our understanding of different cultures and market sectors. We work in partnership with our clients, usually in their premises. And by using their facilities and equipment we keep capital investment to an absolute minimum.
Looking at the world map today shows how far we have come since 1992. We have grown from a domestic operator to a global player. That journey has given us a great platform to build on and enabled us to benefit from opportunities far and wide. Making the most of these opportunities starts, as ever, by being clear about why we are in business.
Our aim is to be the premium operator in the contract foodservice and support services market with an outstanding reputation for quality, value for money and client and consumer satisfaction.
To achieve this means maintaining our market leading positions in the world’s key regions with major brands in our chosen business sectors. But it also means applying fresh thinking to the way we run our business, re-energising the talents that have made us a leader while looking at new ways of maximising value from our core operations.
We have to be more disciplined – simplifying what we do and how we do it. Focusing on our core contract catering operations. Leveraging client relationships by growing the range of our support services. Maximising synergies for clients, organic profit growth for us and enhanced value for our shareholders.
The whole organisation is focused on achieving this and our vision encapsulates this common purpose. Quite simply we aspire to be a world-class provider of contract foodservice and support services, renowned for our great people, our great service, and our great results.
The Annual Review 2006 does not contain sufficient information to allow a full understanding of the results of the Group. The separate Annual Report 2006 constitutes the full Annual Financial Statements and can be downloaded in PDF format (3.2Mb) from this site.
Financial highlights 2006
Group revenue
£10,815m
2005: £10,073m
Total operating profit*
£508m
2005: £496m
Basic earnings per share* ∆
11.4p
2005: 10.9p
Free cash flow
£265m
2005: £227m
Return on capital employed*
10.7%
2005: 10.7%
All figures based on continuing operations.
2005 figures are restated to IFRS.
* Before exceptional items, including profit of associates.
∆ Before exceptional items and hedge accounting ineffectiveness.