Sodexo : A better-than-expected Q3 2019-20, but no real recovery in the short term
>A better-than-expected Q3 - Sodexo reported better-than-expected Q3 sales, albeit with a sharp organic decline (-29% vs consensus -36% and an initial scenario of -33%). This performance, which was not as bad as expected, was driven in large part by the education segment, with some schools in the US continuing to provide meals for disadvantaged children (school segment at -48% vs a scenario of -70%). The business & administration segment declined by slightly less than...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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