Sodexo: organic sales growth of 2.6% in Q1
(CercleFinance.com) - Sodexo has published Q1 2018-19 sales of 5.
7 billion euros, up 6.8% with a negative FX factor of -0.6%, a positive consolidation scope impact of +4.8% and organic growth of +2.6%.
The group stated that organic growth of on-site services was +2.3%, while that of the benefits and rewards services activity continued to accelerate in the first quarter, reaching +9.5%.
After this growth, which is in line with the group's expectations, Sodexo is maintaining its targets for FY 2018-19, including organic sales growth of between +2% and +3%, as well as an operating margin of between 5.5% and 5.7% excluding FX factors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
7 billion euros, up 6.8% with a negative FX factor of -0.6%, a positive consolidation scope impact of +4.8% and organic growth of +2.6%.
The group stated that organic growth of on-site services was +2.3%, while that of the benefits and rewards services activity continued to accelerate in the first quarter, reaching +9.5%.
After this growth, which is in line with the group's expectations, Sodexo is maintaining its targets for FY 2018-19, including organic sales growth of between +2% and +3%, as well as an operating margin of between 5.5% and 5.7% excluding FX factors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.