Sodexo: FY EPS up over 17%
(CercleFinance.com) - Sodexo has reported FY 2024 adjusted EPS that is up 17.
3% to E5.29, with operating income up 16% at constant exchange rates to E1.11bn, i.e. a margin up 40 bp to 4.7%.
The foodservice group posted sales that rose 5.1% to E23.8bn, driven by organic growth of +7.9%, half of which was due to price increases and half to additional volumes.
It increased its ordinary dividend by 17.8% to E2.65 per share, in line with its policy of distributing 50% of adjusted net income, will be proposed to the AGM on 17 December, in addition to the exceptional interim dividend of E6.24 paid last August.
For FY 2025, Sodexo anticipates organic sales growth of between +5.5% and +6.5% (or between +6% and +7% on an underlying trend basis), and between a +30bp to +40bp improvement in its operating margin at constant exchange rates.
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3% to E5.29, with operating income up 16% at constant exchange rates to E1.11bn, i.e. a margin up 40 bp to 4.7%.
The foodservice group posted sales that rose 5.1% to E23.8bn, driven by organic growth of +7.9%, half of which was due to price increases and half to additional volumes.
It increased its ordinary dividend by 17.8% to E2.65 per share, in line with its policy of distributing 50% of adjusted net income, will be proposed to the AGM on 17 December, in addition to the exceptional interim dividend of E6.24 paid last August.
For FY 2025, Sodexo anticipates organic sales growth of between +5.5% and +6.5% (or between +6% and +7% on an underlying trend basis), and between a +30bp to +40bp improvement in its operating margin at constant exchange rates.
Copyright (c) 2024 CercleFinance.com. All rights reserved.