Compass Group PLC
02 June 2003
For release at 07.00am
Monday 2 June 2003
Compass Group PLC
2003 Shareholder Conference and New Contract Wins
Compass Group, the world's largest foodservice organisation, will today host a
seminar for analysts and investors. This is designed to provide deeper insight
into the current and future growth drivers of the Group, and will include the
following presentations:
• Antoine Cau, Chairman and Chief Executive for Western Europe, will
provide an overview of the £250bn global foodservice market, of which only
35% is outsourced today.
• Kurt Kimball, Executive Vice President, North America, will set out
Compass Group's approach to winning new business, from targeting through to
delivery. Compass Group's unique selling points include a high quality
range of owned brands, such as au bon pain, Ritazza and Upper Crust, and
exclusive brand partners including Marks & Spencer.
• Chris Bucknall, Group Chief Executive, Commercial Services, and David
Mortimer, Chief Financial Officer, UK, will cover the opportunities for
growth in the Group operating margin, highlighting the UK purchasing model
and the potential for unit level operating efficiencies.
Compass Group also today announces seven new contracts it has won in North
America worth a total of $37m in annual revenues. These include Micron in
Business & Industry, Amarillo School District in Education, and in Leisure &
Hospitality, the Jacksonville Jaguars as well as convention centres in Milwaukee
and Pittsburgh.
Compass Group announced interim results on 21 May 2003 and will not disclose any
new financial information on today's visit. The Group will make its scheduled
pre-close period announcement for the year ended 30 September 2003 by the end of
September. Preliminary results will be announced on 2 December 2003.
- ends -
Enquiries:
Tim Grey Brunswick 020 7404 5959
Charlotte Elston 07974 982 463
A webcast of the 2003 Shareholder Conference will be available in video & audio
from 07:00 am on Tuesday 3 June 2003 at http://www.compass-group.com and
http://www.cantos.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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