Compass, the world’s largest foodservice group, said this morning that it had had a good first quarter and that its expectations for the full year remained “positive and unchanged”. The company said that excluding the one-off impact of the NBA strike in the US (which is now resolved and impacted organic revenue growth by approximately 1%), organic revenue growth in the first quarter was almost 5%; including the impact of acquisitions, overall revenue growth was over 8% on a constant currency basis. It said it had seen good levels of new business wins and the improved level of retention it achieved in the second half of last year had continued into the new financial year. The group reported that like-for-like volumes in North America and the fast growing & emerging markets continued to be robust, however in Europe they had been impacted by the continuing challenging macro economic environment. Since 30 September last year, the group has announced £140 million of acquisitions, including deals for foodservice operators DORA Gastro a.s. in the Czech Republic and Obasan in Turkey. Last month, the group launched a seven-year €600m Eurobond with a coupon of 3.125%. The proceeds from the bond issue will be received on 13 February 2012.