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Sodexho posts 9.4 percent full-year revenue increase

Sodexho posts 9.4 percent full-year revenue increase

Food services company Sodexho Alliance SA posted a 9.4 increase in full-year revenue on Wednesday, boosted by a strong performance at its hospital catering business.
Sodexho said revenue came in at euro12.8 billion (US$16.3 billion) for the 12 months to Aug. 31, compared with euro11.7 billion in its previous fiscal year.
The healthcare division posted an 11 percent increase in revenue to euro3.26 billion (US$4.15 billion), while revenue from the voucher business rose 16 percent to euro373 million (US$475 million).
Sodexho said operating profit for the fiscal year should come in slightly above its 6 percent target.
Analysts said the full-year sales growth slightly beat their expectations. But Virginie Blin of Paris-based Fideuram Wargny said there was disappointment that the sales growth will not translate into a stronger improvement in earnings.
Sodexho shares gained 1.4 percent to euro44.04 (US$56.10) in Paris trading.


Updated : 2021-05-17 22:36 GMT+08:00