Catering group Sodexo targets operating margin above 6% in 2025
[html](Reuters) – French catering and food services group Sodexo on Wednesday forecast organic revenue growth of between 6% and 8% for fiscal…
(Reuters) – French catering and food services group Sodexo on Wednesday forecast organic revenue growth of between 6% and 8% for fiscal years 2024-2025 and a margin above 6% in 2025, as it aims to refocus on food services and accelerate growth in its voucher business.
“Today, with our strategy to refocus and accelerate, and with a relentless focus on execution, we expect to continue to improve our performance in the co*ing years,” CEO Sophie Bellon said in a statement ahead of Sodexo’s Capital Markets Day.
One of the world’s biggest catering co*panies alongside Britain’s co*pass, Sodexo said it expected its voucher business to deliver low-double-digit organic revenue growth for fiscal 2024 and 2025 and an underlying operating profit margin exceeding 30% in 2025.
The group had decided not to open the voucher division to external capital in May.
(Reporting by Diana Mandiá in Gdansk; editing by Milla Nissi)
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