Sodexo: FY EPS up 30%
(CercleFinance.com) - For fiscal year 2023 (ended August), Sodexo has reported adjusted EPS that is up 29.
9% to E6.21, with an operating margin that rose 0.6 point to 5.6%, on sales of over E23.7bn, with organic growth of 11.6%.
The company's Board of Directors has proposed a dividend of E3.10, up 29%, representing a payout ratio of 50% in line with its dividend policy. This proposal will be submitted to its AGM on 15 December.
Regarding its project to fully spin off Pluxee, the service group says that this will be submitted to a dedicated meeting to be held in early 2024. Its listing on Euronext Paris is scheduled for early 2024, subject to the usual steps and market conditions.
Excluding Pluxee, Sodexo is targeting organic sales growth of 6% to 8% p.a. for FY 2024 and FY 2025, along with a 30-40 bp improvement in its operating margin each year at constant exchange rates.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
9% to E6.21, with an operating margin that rose 0.6 point to 5.6%, on sales of over E23.7bn, with organic growth of 11.6%.
The company's Board of Directors has proposed a dividend of E3.10, up 29%, representing a payout ratio of 50% in line with its dividend policy. This proposal will be submitted to its AGM on 15 December.
Regarding its project to fully spin off Pluxee, the service group says that this will be submitted to a dedicated meeting to be held in early 2024. Its listing on Euronext Paris is scheduled for early 2024, subject to the usual steps and market conditions.
Excluding Pluxee, Sodexo is targeting organic sales growth of 6% to 8% p.a. for FY 2024 and FY 2025, along with a 30-40 bp improvement in its operating margin each year at constant exchange rates.
Copyright (c) 2023 CercleFinance.com. All rights reserved.