Market Updates
Europe Movers: Sodexo
Inga Muller
04 Apr, 2025
Frankfurt
Sodexo Group dropped 2.4% to €57.75 after the French food services provider guided for a slower than expected growth in North America.
Revenue in the first half of 2025 edged up to €12.47 billion from €12.10 billion, net profit was €434 million compared to a loss of €74 million, and diluted earnings per share were €2.94 compared to a loss of 50 cents a year ago.
The company guided for the full-year revenue growth to be between 3% and 4%, compared to its previous forecast of 5.5% to 6.5%, and an underlying operating profit margin between 10 bps and 20 bps, compared to 30 bps to 40 bps previously estimated.
“Our adjustment to the full-year organic revenue growth guidance is primarily driven by weaker-than-expected volume trends in education in the first half, which are expected to persist,” the company said in a release to investors.
“Additionally, in North America, delays in certain contract start dates in healthcare and softer commercial performance in the first half have impacted expectations for net new contributions in the second half,” the company added in the statement.
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