Sodexo : Good H1 figures and a significant catalyst to drive the re-rating in coming months
>Good H1 results and organic guidance upgrade beyond our expectations - Sodexo’s H1 results, reported before trading yesterday, beat expectations, particularly on organic growth (13.4% in H1 with 14.6% in Q2), with a sequential acceleration in BRS (+24.9% in Q2 after +23.4% in Q1). After this good showing in H1 and anticipating a price effect of 5% in H2 (H1 at >5%), the group upgraded its organic growth guidance to +11% (vs +8/10% previously), with +20% for BRS (vs +...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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