Sodexo reported a stronger-than-expected H1. However, the stock declined by c.10% yesterday (biggest faller in the Stoxx 600) following the de facto narrowed guidance, affected by the war-driven inflationary pressure and lingering pandemic impacts. Despite the (already) strong absorption capacity, market concerns have increased due to the massive geopolitical uncertainties. Additionally, the lack of any strategic or longer-term ambitions/positives have also frustrated the market, given the first ....
03 Apr 2022
Fierce inflation dampens the earnings outlook for caterers
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Fierce inflation dampens the earnings outlook for caterers
Sodexo reported a stronger-than-expected H1. However, the stock declined by c.10% yesterday (biggest faller in the Stoxx 600) following the de facto narrowed guidance, affected by the war-driven inflationary pressure and lingering pandemic impacts. Despite the (already) strong absorption capacity, market concerns have increased due to the massive geopolitical uncertainties. Additionally, the lack of any strategic or longer-term ambitions/positives have also frustrated the market, given the first ....