Sodexo : Q3 release in line and positive tone, despite the unchanged guidance that may disappoint
>Q3 release in line, but the unchanged guidance for FY 23 may seem disappointing in view of the upgraded expectations for Pluxee - Sodexo’s Q3 2023 sales, reported on Friday before trading, were in line with expectations, with organic growth slightly better than expected (10.5% vs a consensus of 9.8%). While Sodexo upgraded its forecasts for the Pluxee division (ex-BRS), with organic growth of >20% (vs 20% previously, ODDO BHF 22.0%e) and an EBIT margin of >32% (vs 32...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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