|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||99.91 - 99.99|
|52-week range||61.03 - 103.79|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||30 Jan 2020|
|1y target est||N/A|
French catering and food services group Sodexo reported on Thursday a large profit margin beat but cautious second-half forecasts, flagging short-term volatility in view of a resurgence in coronavirus infections. The Paris-based firm posted an underlying operating profit margin of 3.1% for the six-month period through February, beating its own raised forecasts of at least 2.5%. "We are slightly above analysts' estimates, as the consensus was around 2.7%-2.8%," Finance Chief Marc Rolland said on a call with reporters.
The group, one of the world's biggest catering companies alongside Britain's Compass, said it planned to propose all possible measures to limit the impact - particularly through voluntary transfers to its other activities in France. "I hope all the measures we take will be sufficient and will allow us to employ people again when we return to growth," chief executive Denis Machuel told reporters. Restructuring costs during its 2020 fiscal year more than quadrupled to 191 million euros as government support schemes across its regions come to an end.
With clients ranging from England’s Royal Ascot Racecourse to the U.S. Marine Corps, Sodexo said that sports and leisure sites had been forced to close while corporate services were hit by lockdowns and work-from-home policies. In its education segment, down 53.9%, Sodexo said that with most schools and universities closing from mid-March, sales were limited to meals provided by local authorities to families in need.