Sodexo : Organic growth the priority, to the detriment of profitability which offers limited upside in the short and medium term
>Full-year earnings a shade above forecasts - Group sales were € 21.95bn, up 7.6%, primarily driven by recent acquisitions and organic growth. The latter came in at 3.6%, beating the announced 2%-3% range (consensus 3.0%), even though the group had expected to achieve the top end of this target. This was due to Sodexo’s capacity to: i/ broaden the range of services offered on existing contracts (project works) and ii/ pass on price increase linked to inflation-indexed...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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