Sodexo: FY in line with group targets
(CercleFinance.com) - Sodexo has published FY 2017-18 results that are in line with its revised targets, with adjusted net income of 706 million euros, down 8.
6% excluding FX factors, and an operating margin of 5.7% excluding FX, falling by 80 basis points.
At 20,407,000 euros, the service group's revenues are down 1.4% as reported, although organic growth reached 2% excluding the effect of the 53rd week, slightly higher above the revised forecast of 1% to 1.5% in March.
Sodexo will propose a dividend of 2.75 euros per share, stable relative to the previous year, and says that it is aiming for 2018-19 organic growth of between 2% and 3% and an operating margin of between 5.5% and 5.7% at constant exchange rate.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6% excluding FX factors, and an operating margin of 5.7% excluding FX, falling by 80 basis points.
At 20,407,000 euros, the service group's revenues are down 1.4% as reported, although organic growth reached 2% excluding the effect of the 53rd week, slightly higher above the revised forecast of 1% to 1.5% in March.
Sodexo will propose a dividend of 2.75 euros per share, stable relative to the previous year, and says that it is aiming for 2018-19 organic growth of between 2% and 3% and an operating margin of between 5.5% and 5.7% at constant exchange rate.
Copyright (c) 2018 CercleFinance.com. All rights reserved.