Sodexo : H1 a shade higher than forecast but the share’s sharp increase seems overblown in our view
>H1 a shade above expectations - Sodexo reported H1 2020 results (September 2019 to February 2020) a shade higher than forecast, supported by a better-than-expected Q2. Organic growth in Q2 came to 2.5%, more or less stable vs Q1 at 2.3% (excluding one-off item for the rugby world cup) despite the initial impact in February of the deterioration in the situation in China (closure of schools). We note an improvement in the sales momentum in healthcare (Europe and rest o...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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