Sodexo : Good organic growth momentum set to be under the pressure in the short term, with no margin leverage
>A solid Q3, probably the high point on an organic basis in the short term - Despite 9M sales beating expectations and a solid pace of +3.5%, Sodexo has maintained its organic growth guidance for FY19, at around 3%, i.e. the top of the initial 2/3% range. This guidance points to a slowdown in Q4 to around 1.5%e, due to a tougher comparison base (Sports & Leisure, North America) and health contract losses in North America. These contract losses are set to worsen as of ...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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