Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Catering group Sodexo targets operating margin above 6% in 2025

Published : , on

(Reuters) -French catering and food services group Sodexo onWednesday forecast organic sales growth of between 6% and 8% for fiscal 2024-2025 and an operating margin above 6% in 2025, as it aims to refocus on food services and boost voucher business growth.

Sodexo will later on Wednesday unveil its 2025 strategy based on enhancing and expanding its food services offering to address evolving consumer needs, and accelerating growth in the Benefits and Rewards division through digital services and broader range of employee benefits.

“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 coming years,” CEO Sophie Bellon said in a statement.

The mid-term objectives reflect caterers’ recovery after coronavirus restrictions eased, and good prospects in a context of inflation that the company expects will push clients to outsource more of their catering services and employee benefits.

One of the world’s biggest catering companies alongside Britain’s Compass, 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 unit, which supplies employee meal passes and vouchers, targets capital expenditures close to 10% of revenue per year between 2022 and 2025, said Sodexo that earlier this year decided not to open the division to external capital.

The group last week forecast organic revenue growth of between 8% and 10% for 2023 and an underlying operating profit margin close to 5.5% after a fiscal 2022 that Bellon described as “a turning point” for the company.

Sodexo will host its Capital Markets Day in Paris from 11:00 a.m. (1000 GMT).

(Reporting by Diana Mandiá in Gdansk; editing by Milla Nissi)

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post