Sodexo: H1 earnings down 2.3%
(CercleFinance.com) - Sodexo has published Q1 2018-19 net income that is down 2.
3% at 364 million euros, meaning EPS of 2.50 euros (-0.4%), and an operating margin of 5.9%, down 20 basis points at constant exchange rates.
The service group announced revenues that are up 7.3% at 11,045 million euros, with organic growth of 3.1%, slightly higher than forecast, with encouraging performance in the second quarter (+3.6%).
Sodexo maintains its target for organic sales growth of between 2% and 3% and estimates that its action plans will enable it to report an operating margin of between 5.5% and 5.7% over the full-year, excluding foreign exchange effects.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
3% at 364 million euros, meaning EPS of 2.50 euros (-0.4%), and an operating margin of 5.9%, down 20 basis points at constant exchange rates.
The service group announced revenues that are up 7.3% at 11,045 million euros, with organic growth of 3.1%, slightly higher than forecast, with encouraging performance in the second quarter (+3.6%).
Sodexo maintains its target for organic sales growth of between 2% and 3% and estimates that its action plans will enable it to report an operating margin of between 5.5% and 5.7% over the full-year, excluding foreign exchange effects.
Copyright (c) 2019 CercleFinance.com. All rights reserved.