Compass Q3 revenues jump 8.6% amid Vermaat Groep acquisition

Compass Group has revealed that its revenues increased 8.6% in the third quarter ended 30 June 2025, with revenue growth of 8.5% year-to-date.

The company saw its revenues grow 96% in North America and 6.6% in its international markets in the third quarter.

It comes as the company agreed to acquire Vermaat Groep B.V., a premium
food services business in Europe, for an enterprise value of approximately €1.5bn (£1.3bn).

Vermaat is on track to generate sales of around €700m (£608m)with a double-digit operating margin in 2025.

Previous to this deal, the group’s net expenditure on M&A was $1.1bn (£820m) for the year to date, largely unchanged from its position at the half year. It stated that the integration of recent acquisitions was progressing ahead of expectations, and they are performing well.

As a result, Compass has upgraded its 2025 guidance now expecting constant currency
underlying operating profit growth to be towards 11%, driven by organic revenue growth above 8% and ongoing margin progression.

Dominic Blakemore, group CEO of Compass, said: “We are proud to announce this landmark acquisition. Vermaat is a best-in-class food services business which will significantly strengthen Compass Group’s premium offer across Europe and will provide us with exceptional leadership talent. This strategic acquisition represents a step change in our core markets by creating a strong platform for expansion across Europe”.

Rick Zeelen, CEO of Vermaat, added: “Compass and Vermaat are highly complementary businesses with similar cultures and priorities. The leadership team remains fully committed to executing its European growth strategy.

“Together, subject to regulatory approval, we will be able to provide clients with an even more compelling proposition in a highly attractive growth market, accelerating our premium offering in Europe. We look forward to joining Compass and the exciting journey ahead.”