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
The Boeing Company (BA) reported that its first-quarter core earnings per share increased to $3.64 from $2.17, prior year, reflecting strong performance across the company. Core operating earnings improved 35% year-over-year to $2.51 billion from $1.86 billion, previous year. GAAP earnings from operations increased 30% to $2.88 billion. Net earnings improved 57% year-over-year to $2.48 billion. Earnings per share was $4.15 compared to $2.54. Operating cash flow was $3.1 billion for the quarter. Micro-blogging site Twitter Inc. on Wednesday reported a turnaround to profit in the first quarter on strong double-digit revenue growth. This is the company's second quarterly profit. Both revenue and adjusted earnings per share beat analysts' estimates. Twitter's average monthly active users or MAU figure rose 3 percent year-over-year and also increased from the preceding quarter. Shares of Credit Suisse Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Wednesday higher profit in its first quarter, despite lower net interest income. The company said it had planned 2018 to be a year of acceleration in its performance in its 12-quarter restructuring program.
Follow RTT