Sodexo: results on track to meet 2018-19 targets
(CercleFinance.com) - Sodexo has reported FY earnings that are up 2.
2% at 665 million euros, or 4.56 euros per share, with a stable operating margin of 5.5%, towards the lower end of its target range of 5.5% to 5.7%.
At 21,954 million euros, revenues increased by 7.6% as reported, with organic growth of 3.6%, above the target range of 2% to 3% targets announced in November 2018, and its enhanced target of around 3%, as provided in July.
The group will propose a dividend of 2.90 euros, up 5.5%. For FY 2019-20, Sodexo expects organic sales growth of around 4%, with a stable operating margin, excluding FX factors and any potential impact from the implementation of IFRS 16.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2% at 665 million euros, or 4.56 euros per share, with a stable operating margin of 5.5%, towards the lower end of its target range of 5.5% to 5.7%.
At 21,954 million euros, revenues increased by 7.6% as reported, with organic growth of 3.6%, above the target range of 2% to 3% targets announced in November 2018, and its enhanced target of around 3%, as provided in July.
The group will propose a dividend of 2.90 euros, up 5.5%. For FY 2019-20, Sodexo expects organic sales growth of around 4%, with a stable operating margin, excluding FX factors and any potential impact from the implementation of IFRS 16.
Copyright (c) 2019 CercleFinance.com. All rights reserved.