Sodexo : Preview of 2018 results (8 Nov.): consensus appears overly ambitious on organic growth for 2018 and 2019
>Consensus forecast for organic growth too high for 2018... - Sodexo is due to report its FY 2018 results on 8 November. For the time being, the consensus appears too ambitious on 2018 in terms of organic growth, forecast at +1.0%, i.e. above the group’s guidance for +0.3%/+0.8% and our estimate of +0.7%. Conversely, we are in line with regards to our estimate for the operating margin, at 5.6%, which factors in the unfavourable forex impact over the year (vs guid...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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