Sodexo: 3.5% internal growth over nine months

(CercleFinance.com) - The services group Sodexo reports revenues of 16,727 million euros for the first nine months of its 2018-19 financial year, up 7.
7% in terms of total growth and 3.5% in terms of organic growth (+4.2% of which in the third quarter).

“However, we see more modest growth in Q4 as we continue to face retention challenges and a relatively high comparable base in Sports & Leisure and North America”, says CEO Denis Manuel.

“As a result, our revenue organic growth is expected to be around 3%, the top end of our guidance for the full year, and the underlying operating profit margin around 5.5%, the bottom end of our guidance” he concludes.

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