Plus   Neg

Sodexo Confirms H1 Results

Sodexo S.A. (SDXAY.PK) confirmed First Half Fiscal 2017-2018 Results. At its meeting of April 10, 2018, chaired by Sophie Bellon, the Board of Directors approved the consolidated financial statements for the First Half Fiscal 2017-2018 and Denis Machuel, Chief Executive Officer, presented the performance for First Half Fiscal 2017-2018, which ended February 28, 2018.

The company reported that its net profit for the first-half of fiscal year 2018 increased 6.9% or 13.9%, excluding currency effects, to 372 million euros, benefiting from lower exceptional charges than the previous year and a significant reduction in the tax charge.

Underlying net profit was 397 million euro, down by 13.4% or 7.6% excluding currency effects. Overall this was in line with the trend in underlying operating profit.

First Half Fiscal 2018 Revenues of 10.3 billion euros were down 3.2% on the previous period, including a negative currency impact of -6.2%. Net acquisitions contributed +1.3%, with Centerplate consolidated for the first time as of January. Organic growth in the first half was 1.7% or 1.9% excluding the 53rd week impact in North America. Outside North America, on-site organic growth was 4.4%. Organic growth of On-Site Services was 1.6%

For fiscal 2018, the Group now expects to deliver organic revenue growth of between 1% and 1.5%, excluding the 53rd week impact, and an underlying profit margin of around 5.7%.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Tuesday reported a first-quarter profit that increased from a year ago and trumped Wall Street estimates, driven largely by more-than-expected revenues and strong margins. Beaverton, Oregon-based Nike's first-quarter profit rose... German auto giant BMW (BMW.L, BAMXF.PK, BAMXY.PK) Tuesday lowered its earnings and revenue guidance for the full year 2018, hurt largely by emissions-related costs, product recalls and ongoing global trade war. Automotive segment revenues are now expected to be slightly lower than the previous year.... Walt Disney World is introducing a new ticket pricing system in order to better distribute attendance at its theme parks throughout the year. The company plans to begin pricing tickets for its theme parks based on dates so as to reflect the expected demand on specific days. Disney said Monday that beginning October 16, guests will be able to access its new online vacation-booking portal.
Follow RTT