Sodexo: Q1 2017-18 sales down 2.6%
(CercleFinance.com) - Sodexo has published Q1 2017-18 sales of 5.
3 billion euros, down 2.6%, due to a negative FX factor of 4.1% exchange and acquisitions net of disposals of -0.3%.
The Services group's organic growth reached +1.9%, with +1.8% growth of on-site services, driven by a sound performance of its Business and Administrations division (+5.2%), and 3.8% growth in benefits and rewards services.
Sodexo maintains its targets for its fiscal year 2017-18 for organic sales growth of between +2% and +4%, excluding the impact of the 53rd week, with its operating margin maintained at 6.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
3 billion euros, down 2.6%, due to a negative FX factor of 4.1% exchange and acquisitions net of disposals of -0.3%.
The Services group's organic growth reached +1.9%, with +1.8% growth of on-site services, driven by a sound performance of its Business and Administrations division (+5.2%), and 3.8% growth in benefits and rewards services.
Sodexo maintains its targets for its fiscal year 2017-18 for organic sales growth of between +2% and +4%, excluding the impact of the 53rd week, with its operating margin maintained at 6.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.