Sodexo: 9m sales down 2.9%
(CercleFinance.com) - Sodexo has published 9m 2017-18 sales of 15.
5 billion euros, down 2.9%, with a negative FX impact of 6.6%, which more than offset a 2.2% contribution from net acquisitions.
Excluding these two impacts, organic sales growth reached 1.6%. This growth consisted of 1.5% for on-site services and 4.2% for Benefits & Rewards Services.
The group is maintaining its revised targets for fiscal year 2017-18, including, organic sales growth of between 1% and 1.5%, excluding the impact related to the 53rd week, and an operating margin of around 5.7% at constant exchange rates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
5 billion euros, down 2.9%, with a negative FX impact of 6.6%, which more than offset a 2.2% contribution from net acquisitions.
Excluding these two impacts, organic sales growth reached 1.6%. This growth consisted of 1.5% for on-site services and 4.2% for Benefits & Rewards Services.
The group is maintaining its revised targets for fiscal year 2017-18, including, organic sales growth of between 1% and 1.5%, excluding the impact related to the 53rd week, and an operating margin of around 5.7% at constant exchange rates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.