Sodexo posted upbeat FY15 results, pointing to an improvement in the operating leverage. The exit from unprofitable contracts, cost-cutting measures and the supportive momentum in North America have contributed to the rise in the EBIT margin (by 40bp to 5.8%). Organic sales came in 2.5% higher yoy, showing a sequential improvement throughout the year (+2.3% in Q1, +2.4% in H1, +2.2% in 9m), while reported sales jumped by +10%, fuelled by FX (+7.3% impact on FY15 sales). On-Site Services grew
30 Nov 2015
Strong prospects, despite a challenging Brazil and emerging countries
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Strong prospects, despite a challenging Brazil and emerging countries
Sodexo SA (SW:WBO) | 0 0 0.6% | Mkt Cap: 15,121m
- Published:
30 Nov 2015 -
Author:
Bérénice Lacroix -
Pages:
3
Sodexo posted upbeat FY15 results, pointing to an improvement in the operating leverage. The exit from unprofitable contracts, cost-cutting measures and the supportive momentum in North America have contributed to the rise in the EBIT margin (by 40bp to 5.8%). Organic sales came in 2.5% higher yoy, showing a sequential improvement throughout the year (+2.3% in Q1, +2.4% in H1, +2.2% in 9m), while reported sales jumped by +10%, fuelled by FX (+7.3% impact on FY15 sales). On-Site Services grew