Sodexo: targets over 3% organic growth by 2019-20
(CercleFinance.com) - At its Capital Markets Day, Sodexo has said that it expects to report organic sales growth of over 3% by FY 2019-20, before a sustainable return to an operating margin of over 6%.
CEO Denis Machuel said that the group is concentrated on the implementation of its strategy so that it returns to a growth level that will position it as leader in its market.
Sodexo maintains its 2017-18 targets of organic sales growth of between 1% and 1.5%, excluding the impact of the 53rd week in the US, and an operating margin of around 5.7% at constant exchange rate.
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CEO Denis Machuel said that the group is concentrated on the implementation of its strategy so that it returns to a growth level that will position it as leader in its market.
Sodexo maintains its 2017-18 targets of organic sales growth of between 1% and 1.5%, excluding the impact of the 53rd week in the US, and an operating margin of around 5.7% at constant exchange rate.
Copyright (c) 2018 CercleFinance.com. All rights reserved.