Monday, February 6, 2023
HomeMarketCatering group Sodexo targets operating margin above 6% in 2025 By Reuters

Catering group Sodexo targets operating margin above 6% in 2025 By Reuters

2/2
© Reuters. FILE PHOTO: The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, March 18, 2016. REUTERS/Gonzalo Fuentes

2/2
- Advertisement -

(Reuters) – French catering and food services group Sodexo (EPA:) on Wednesday forecast organic revenue growth of between 6% and 8% for fiscal years 2024-2025 and a margin above 6% in 2025, as it aims to refocus on food services and accelerate growth in its voucher business.

“Today, with our strategy to refocus and accelerate, and with a relentless focus on execution, we expect to continue to improve our performance in the coming years,” CEO Sophie Bellon said in a statement ahead of Sodexo’s Capital Markets Day.

One of the world’s biggest catering companies alongside Britain’s Compass, Sodexo said it expected its voucher business to deliver low-double-digit organic revenue growth for fiscal 2024 and 2025 and an underlying operating profit margin exceeding 30% in 2025.

The group had decided not to open the voucher division to external capital in May.

Story Credit: investing.com

RELATED ARTICLES
- Advertisment -

Most Popular