Sodexo delivered consensus-beating FY21 results, despite the higher-than-guided but in line underlying profitability. Its FY22 outlook is also broadly in line with analysts’ expectations and our forecasts. Nevertheless, the market applauses (share price +7% this morning) the group’s strategic planning and the much higher-than-expected dividend proposal, which support and reflect its confidence in future cash generation.
27 Oct 2021
Reassuring FY21 dividend proposal
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Reassuring FY21 dividend proposal
Sodexo delivered consensus-beating FY21 results, despite the higher-than-guided but in line underlying profitability. Its FY22 outlook is also broadly in line with analysts’ expectations and our forecasts. Nevertheless, the market applauses (share price +7% this morning) the group’s strategic planning and the much higher-than-expected dividend proposal, which support and reflect its confidence in future cash generation.