Sodexo is a services company which partners with companies, institutions and local authorities. Co. designs, manages and delivers Quality of Life services. Co.'s offers are: On-Site Service Solutions (Co.'s services are: Corporate, Defense, Justice Services, Remote sites, Health Care, Seniors, Education and Sports and Leisure), Benefits and Rewards Services Solutions (Co.'s offers focus on the following services: recruit and retain employees and increase their motivation; mobilize teams around quantitative or qualitative objectives; ensure delivery of Public Benefits), and Personal and Home Services (services in childcare; tutoring and adult education; concierge services and senior care).
  • TickerSW
  • ISINFR0000121220
  • ExchangeEuronext Paris
  • SectorTravel & Leisure
  • CountryFrance

Analysts

Johanna Jourdain

ODDO : Impact of COVID-19: contract catering segment set to face a particularly tough test in 2020

The effects of COVID-9 will weigh massively on the contract catering sector in 2020, before an expected rebound in 2021. Against this backdrop, we are revising down our estimates for 2020 Our preference in the sector still goes to Elior, whilst we have upgraded our rating to for Sodexo but we retain our cautious stance on Compass (Reduce). The recent correction seems to integrate the main risks in the short term. - >Massive impact of COVID-19 on the contract catering segme...

Johanna Jourdain

ODDO : Impact COVID-19 : la restauration collective sera mise à rude épreuve en 2020

Les effets du COVID-9 pèseront massivement sur le secteur de la restauration collective en 2020, avant un rebond espéré en 2021. Dans ce contexte, nous révisons en baisse nos estimations pour 2020. Notre préférence sectorielle reste pour Elior, alors que nous relevons notre recommandation sur Sodexo à Neutre mais restons prudents sur Compass (Alléger). La correction récente semble intégrer les principaux risques à CT. - >Impact massif du COVID-19 sur le secteur de la resta...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2020

...

Jérôme VINERIER

Analyse court terme - SODEXO : La tendance est haussière.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 95,30 € puis 102,50 €. La rupture de 75,90 € mettrait la tendance en danger.

Jérôme VINERIER

Short term view - SODEXO : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €95.30 and then €102.50. The break of €75.90 would endanger the trend.

Jérôme VINERIER

Analyse court terme - SODEXO : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 95,30 € prochainement. Le prochain objectif est à 85,30 €, puis 81,38 €. Le franchissement de 95,30 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - SODEXO : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €95.30. The next target is at €85.30, then €81.38. Passing €95.30 would question the continuation of the fall.

Jérôme VINERIER

Analyse moyen terme - SODEXO : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 77,44 €, puis 65,58 €. Le franchissement de 102,40 € remettrait en cause la suite de la baisse.

Johanna Jourdain

ODDO : Impact of COVID-19: contract catering segment set to face a particularly tough test in 2020

The effects of COVID-9 will weigh massively on the contract catering sector in 2020, before an expected rebound in 2021. Against this backdrop, we are revising down our estimates for 2020 Our preference in the sector still goes to Elior, whilst we have upgraded our rating to for Sodexo but we retain our cautious stance on Compass (Reduce). The recent correction seems to integrate the main risks in the short term. - >Massive impact of COVID-19 on the contract catering segme...

Johanna Jourdain

ODDO : Impact COVID-19 : la restauration collective sera mise à rude épreuve en 2020

Les effets du COVID-9 pèseront massivement sur le secteur de la restauration collective en 2020, avant un rebond espéré en 2021. Dans ce contexte, nous révisons en baisse nos estimations pour 2020. Notre préférence sectorielle reste pour Elior, alors que nous relevons notre recommandation sur Sodexo à Neutre mais restons prudents sur Compass (Alléger). La correction récente semble intégrer les principaux risques à CT. - >Impact massif du COVID-19 sur le secteur de la resta...

Johanna Jourdain ...
  • Matthias Desmarais

Sodexo : Significant negative impact from COVID-19, prompting profit warning on 2019-20

>H1 2019-20 results unlikely to be very impacted by COVID-19 outbreak - Sodexo is due to report its H1 2019-20 results, which cover the period from September to February, on 9 April. The group expects its H1 results to be in line with its internal forecasts and aligned with the FY 2019-20 guidance (H1 2019-20 consensus at 2.9% organic growth and a margin of 5.7%, i.e. -20bp). To recap, this sees organic growth of around 4% (with one-offs related to the Rugby World Cu...

Johanna Jourdain ...
  • Matthias Desmarais

Sodexo : Fort impact négatif de la crise COVID-19, entraînant un profit warning sur 2019/2020

>Résultats S1 2019/2020 à priori peu impactés par le COVID-19 - Sodexo publiera ses résultats S1 2019/2020, qui couvrent la période de septembre 2019 à février 2020, le 9 avril prochain. Le groupe précise qu'ils devraient être en ligne avec ses prévisions internes et alignés avec la guidance annuelle (consensus S1 2019/2020 à 2.9% de croissance organique et marge à 5.7% soit -20 pb). Pour rappel, celle-ci prévoit une croissance organique de c.4% (dont one-off liés à ...

Jean-Christophe Dourret

Sodexo : Sodexo - 17 Feb 2020

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/18/2020

...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Philippe Ourpatian
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 18/03/2020

...

Johanna Jourdain ...
  • Laurence Hofmann
  • Matthias Desmarais

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/09/2020

...

Johanna Jourdain ...
  • Laurence Hofmann
  • Matthias Desmarais

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/01/2020

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

With a more favourable environment, SODEXO improves to Slightly Positive

SODEXO (FR), a company active in the Restaurants & Bars industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 29, 2019, the closing price was EUR 105.80 and its potential was estimated at EUR 111.47.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Florian Béchaz

Sodexo - AGM 21 January 2020

ECGS congratulates the company for its efforts to respect shareholder rights by proposing no cancellation of preferential subscription rights (except in the case of an issue reserved to employees). The new remuneration policy for the Chief Executive Officer will no longer include the possibility of granting an exceptional remuneration (item 11). The proposal to reduce the time limit for declaring threshold crossings from the statutory period of 15 days to 5 days poses a practical problem for investors and an increased risk of deprivation of voting rights (item 15).

Florian Béchaz

Sodexo - Assemblée Générale des Actionnaires du 21 Janvier 2020

Proxinvest félicite la société qui veille à respecter les droits des actionnaires en ne proposant pas de suppression du droit préférentiel de souscription (à l'exception éventuellement d'une émission au profit des salariés). La nouvelle politique de rémunération du Directeur Général ne comprendra plus la possibilité d'octroyer de rémunération exceptionnelle. (résolution 11) La proposition de réduction du délai de déclaration des franchissements de seuils statutaires de 15 jours à 5 jours pose un problème pratique pour les investisseurs et un risque accru de sanction de provation de droits de...

Sodexo - Assemblée générale des actionnaires du 22 janvier 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Sodexo – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Sodexo - January 22, 2019

After the previous General Meeting, Michel Landel retired and Denis Michuel has replaced him. Michel Landel left the company with a generous non-compete indemnity. This practice is not in line with the best practices anymore because the Afep-Medef changed, and now it recommends not giving a non-competing indemnity to the executives who retired.  The compensation policy changed for Denis Machuel, and now the company discloses the fixed compensation and the variable annual remuneration can’t be greater than 150% of the fixed compensation, which is in line with our guidelines. Finally, Proxinve...

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