The guidance on revenue organic growth in 2017 has been reduced to +1.5-2.0% (vs. +2.5% previously). Sodexo confirmed guidance on the operating profit as growing by 8-9% for the year (ex. currency effect and exceptional expenses), but the consensus pointed to +11%. Q3 revenue didn’t grow as expected in Q3, at +0.5% (organic; +1.3% excluding the Rugby World Cup). The medium-term outlook is confirmed: - average annual revenue growth (ex. currency effect) at +4-7%; - operating profit growt
06 Jul 2017
Weakish Q3 revenue; guidance reduced
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Weakish Q3 revenue; guidance reduced
The guidance on revenue organic growth in 2017 has been reduced to +1.5-2.0% (vs. +2.5% previously). Sodexo confirmed guidance on the operating profit as growing by 8-9% for the year (ex. currency effect and exceptional expenses), but the consensus pointed to +11%. Q3 revenue didn’t grow as expected in Q3, at +0.5% (organic; +1.3% excluding the Rugby World Cup). The medium-term outlook is confirmed: - average annual revenue growth (ex. currency effect) at +4-7%; - operating profit growt