Compass Group PLC
23 February 2000
COMPASS GROUP PLC
CHAIRMAN'S AGM STATEMENT
At the Annual General Meeting today (3pm), the Chairman of Compass Group PLC,
Francis Mackay, will say:
'I am pleased to report that trading in the first four months of the current
year has been in line with our expectations.
'The Group continues to generate significant organic growth in each of its
business divisions. Contract retention is strong and recent contract gains
include:
* the single sourcing to Eurest for all foodservice in Germany by
Metallgesellschaft - the first ever national catering contract in
Germany. Eurest will work at 27 sites and provide foodservice for
20,000 customers. This initially doubles the size of Eurest's contract
with Metallgesellschaft to a total turnover of almost £7m per annum;
* the award of a national contract in the USA for Eurest, in combination
with Canteen Vending, for Gateway. The contract is for foodservice and
vending at over 10 sites, with total annual turnover in excess of £4m;
* the appointment of Bateman to provide foodservice at the Southend
Hospital NHS trust (annual turnover in excess of £1.5m);
* the award of a 20 year contract at the prestigious Gerbeaud Cafe in
Budapest;
* the appointment for foodservice at the new site for Volkswagen in
Brussels, with annual turnover in excess of £1.6m;
* the extension of the previously announced Microsoft contract in North
America to include foodservice at their San Jose facility and
conference centre, adding in excess of £6m sales to the contract over
its initial 5 year period.'
'The Group is in a strong position to maintain its progress in all its
divisions.'
Enquiries:
Andrew Lynch,
Group Finance Director, Compass Group +44 1932 573000
Cathi Lawrence
Corporate Communications Director, Compass Group +44 1932 573000
Nick Lyon, Hudson Sandler +44 171 796 4133
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