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Business: Sodexo confirms its 2024 goals and its ambitions until 2025

09/01/2024
Source : ORISHAS FINANCE
Categories: Companies

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Last Friday, after reporting an increase in turnover in the first quarter, the catering group Sodexo confirmed its financial objectives for the fiscal year ending at the end of 2023 and unveiled quarterly figures while reiterating its ambitions until 2025. The group plans to list its Pluxee meal vouchers and gift vouchers business on Euronext Paris on 1 of ᵉʳ "serif">February

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Sodexo aims for organic revenue growth of between 6% and 8% per year for the years 2023-2024 and 2024-2025, while its operating margin is expected to increase by 30 to 40 basis points per year, at constant exchange rates. This margin had risen to 4.3% excluding Pluxee and to 5.6% when including Pluxee, now classified as an inactive business for the financial year 2022—23. Sodexo had a good start to the fiscal year, according to JPMorgan, which points out that organic growth was slightly above the 6% to 8% range targeted by the group of collective catering for the whole year.

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