Contract Win
Compass Group PLC
28 January 2002
28th January 2002
COMPASS GROUP PLC ANNOUNCES THREE IMPORTANT
CONTRACT WINS IN FRANCE
Compass Group today announces three new significant contract wins for January
2002: Eurotunnel, Mutuelles du Mans and the European Parliament in Strasbourg,
totalling more than 22.4m euros (£13.7m) in annual turnover.
EUROTUNNEL - The contract with Eurotunnel has been renewed with effect from 1st
January 2002. The five-year contract generates 15.3m euros (£9.4m) in annual
turnover, and has been extended to include foodservice and vending for
Eurotunnel employees in the UK. The Company will continue to operate the
shuttle foodservice for lorry drivers as well as club class car drivers, who
will benefit from one of Compass Group's well-known brands, Upper Crust, in
France and the UK. The Group will also be responsible for the Ashford Truck
Stop providing dedicated facilities for lorry drivers.
MUTUELLES DU MANS - Eurest has been chosen by the Works Council of the
Mutuelles du Mans insurance company to provide catering and restaurant services
for the company in its head office in Le Mans. This new contract is expected to
generate 3.7m euros (£2.2m) in annual turnover. The contract will include the
creation of a new company restaurant catering for 650 meals per day. Eurest is
also finalising a contract to rejuvenate a second restaurant, 'Californie',
which will serve 1,100 meals per day. It will also provide a catering service
for hospitality events.
EUROPEAN PARLIAMENT OF STRASBOURG - Eurest has won a new contract for the
catering services of the European Parliament in Strasbourg. This new five-year
contract is expected to generate 3.4m euros (£2.1m) in annual turnover. Eurest
will be offering the European Members of Parliament and their civil servants
two separate restaurants with an independent self-service restaurant for their
visitors, serving up to a total of 1,800 meals per day. They will also be
running the hospitality suites for nine receptions rooms and operating four
separate bars.
Antoine Cau, Chairman and Chief Executive Western Europe, Compass Group,
commented:
'I am delighted with these three significant wins all in different industries,
demonstrating our versatility. The renewal and extension of the contract with
Eurotunnel demonstrates their confidence in Compass Group's ability to continue
to offer a high quality of service as well as a wide and innovative choice for
Eurotunnel customers and employees. We are also very pleased to announce the
contract wins for Eurest. Our team's rapid and flexible response to the
clients' needs, our expertise and above all our enthusiasm for the projects all
ensured that Eurest was selected for these new contracts.'
Enquiries
Brunswick Group - UK
Simon Sporborg Tel: 07974 982 442
Brunswick Group - FRANCE
Caroline Roberts-West / Aurelia de Lapeyrouse Tel: 00 33 1 53 96 83 83
Notes to Editors
1. Compass Group: Compass Group is the world's largest foodservice company
employing over 300,000 people in over 90 countries and with annual revenues
in excess of £9bn. (14.3bn euros) Compass Group provides catering for
clients including major employers, educational establishments, hospitals,
leisure venues, retail locations and at major airports and stations
throughout USA Europe, and developing markets in Asia and South America. It
operates through sector-specific subsidiaries such as Eurest, the world's
largest specialist in providing foodservice to business and industry
clients, and Select Service Partner, the European market leader in
foodservice at airport restaurants and rail stations. Further information on
the Group can be found at www.compass-group.com.
2. Eurotunnel: Eurotunnel is the market leader for cross-Channel travel between
the UK and continental Europe. Since the Channel Tunnel opened in 1994,
Eurotunnel has captured 60% of the tourist market and 48% of the freight
market.
Eurotunnel has a concession to operate the Channel Tunnel until 2086. In
addition to managing the infrastructure, i.e. tunnels, terminals, and
track, Eurotunnel also operates tourist (car and coach) and accompanied
freight shuttle services between Folkestone, UK and Coquelles, France. In
2000, 2.8 million cars, 80,000 coaches, and 1.1 million trucks travelled
through the Channel Tunnel with Eurotunnel, along with 7.1 million
passengers on Eurostar services from London to Paris, Lille, and Brussels,
and 2.9 million tonnes of through rail freight.
Eurotunnel is a bi-national company with 3,600 French and UK staff.
3. Figures calculated at GBP / Euro conversion rate of 1.63 on 25 January 2002.
This information is provided by RNS
The company news service from the London Stock Exchange