Compass, the world’s biggest catering firm, on Tuesday cheered a sales jump and said a contingency plan to cope with any border chaos next year is being worked up.
The FTSE 100 firm which provides meals at offices and stadiums, said it has identified “a potential impact on our food supply chain and labour force” from Brexit.
Chief executive Dominic Blakemore said his firm is looking at sourcing some new non EU suppliers, as well as increasing inventory levels by a “sensible” amount.
The boss said his firm remains “excited” about future global growth opportunities.
Next year it will benefit from providing the catering at Tottenham Hotspur’s new stadium.
Revenues in the year to September rose 5.5% to £23.2 billion. Pretax profit decreased 2.6% to £1.5 billion.
Jaafar Mestari, analyst at Exane BNP Paribas, said: “Compass delivered on its main promise for these FY18 results: an improvement in the margin trends in Europe.”
