Report
Bruno de La Rochebrochard

SODEXO: 1Q Revenue: In line with expectation after higher RWC contribution. FY guidance confirmed | NEUTRAL | EUR97(-7%)

SODEXO - NEUTRAL | EUR97(-7%)
1Q Revenue: In line with expectation after higher RWC contribution. FY guidance confirmed

1Q organic revenue growth saved by higher RWC contribution
As usual after Q1, management simply confirmed its FY guidance
Underlying
Sodexo SA

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).

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Bruno de La Rochebrochard

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