Sodexo: Actions plan largely engaged and current challenges well addressed but will need time
Sodexo: (NEUTRAL, Fair Value EUR95 (+8%))Actions plan largely engaged and current challenges well addressed but will need time
After sales and profit warnings, market expectations were important. Beyong the fact that management guidance were too much unclear with no short term expectation and FY 2020 anticipation still well below main competitors, we are today convinced that management current action plans to strenghten underperformance areas (business, geography), to enhance operational efficiency (labor, material costs) and to expand new ecosystems to meet customer needs capitalizing notably on synergies that could be develop between OSS and BRS, will bear fruits even if it could take some time to be back “best in class†as aspired by Denis Machuel. Neutral confirm.
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).
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.
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