(Reuters) – Sodexo said on Friday it expects organic revenue growth for 2024 at the high end of the 6% to 8% range, helped by the upcoming Olympics and higher prices.
The Sodexo Live! was chosen to prepare meals for athletes during the Olympic and Paralympic Games in Paris. This will lead to higher revenue in Sodexo’s fourth fiscal quarter.
The restaurant group, which spun off its Pluxee voucher business at the start of February, said prices were also expected to rise 4% in the financial year ending August 31 .
For the first half, Sodexo reported organic revenue growth of 8.5% to €12.1 billion, which is broadly in line with the consensus forecast of €12.03 billion. by the Society. “This internal growth in turnover is fueled, half, by the increase in prices, and for the other half, by the contribution of new contracts,” said general manager Sophie Bellon in a press release. First-half operating profit was up 16.9% at constant exchange rates, to 612 million euros, above analysts’ expectations of 600 million euros.
(Reporting by Sheehan and Shivani Tanna with the contribution of Stéphanie Hamel, French version Lina Golovnya, edited by Blandine Hénault)
Copyright © 2024 Thomson Reuters
Are you following this action?
Receive all the information on SODEXO in real time: