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Sodexo SA (EXHO.PA)

EXHO.PA on Paris Stock Exchange

76.20EUR
4 Dec 2020
Change (% chg)

€1.30 (+1.74%)
Prev Close
€74.90
Open
€74.72
Day's High
€76.44
Day's Low
€74.34
Volume
346,848
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323,530
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€107.25
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€48.45

Latest Key Developments (Source: Significant Developments)

Sodexo Says In Active Negotiations With Tokyo 2021 - Conf Call
Thursday, 29 Oct 2020 

Oct 29 (Reuters) - Sodexo SA ::FRENCH LOCKDOWN ANNOUNCEMENT WITHIN OUR OUTLOOK HYPOTHESIS - CEO IN CONF CALL.IN A VERY DIFFICULT MOMENT, SEPTEMBER WAS ENCOURAGING - CONF CALL.75-80% OF CONTRACTS HAVE BEEN RENEGOTIATED, SOME HAVE BEEN EXITED - CONF CALL.ON UNIVERSITIES: WHEN 2021 STARTS WE MAY HAVE TO CONTINUE NEGOTIATIONS - CONF CALL.BEST FLOW-THROUGH IN UNIVERSITIES IN NORTH AMERICA DUE TO FLEXIBLE HOURLY LABOR - CONF CALL.MOST OF RESTRUCTURING, ADJUSTMENTS IN EUROZONE BECAUSE OF LABOUR INFLEXIBLITY - CONF CALL.OLYMPICS: WE ARE ACTIVELY NEGOTIATING WITH TOKYO 2021 - CONF CALL.OUR ABILITY TO REDUCE THE VOLUME OF LABOUR QUICKLY TO THE VOLUME NEEDED BY CLIENTS IS BIGGEST IMPACT ON MARGIN - CONF CALL.DIVIDEND POLICY IS VERY IMPORTANT MOVING FORWARDS, THIS YEAR WAS SPECIAL - CONF CALL.JOB CUTS: STARTING NEGOTIATIONS WITH UNIONS, PROCESS WILL TAKE ABOUT 4 MONTHS - CONF CALL.JOB CUTS AND TRANSFERS: WILL GO THROUGH H1 AND H2 THIS YEAR TO IMPLEMENT PLAN IN FRANCE - CONF CALL.  Full Article

Sodexo Sees Organic Decline Between -20% And -25% In H1 2021 Versus H2 2020
Thursday, 29 Oct 2020 

Oct 29 (Reuters) - :FY OPERATING PROFIT EUR 65 MILLION VERSUS EUR 1.06 BILLION YEAR AGO.FY REVENUE EUR 19.32 BILLION VERSUS EUR 19.22 BILLION IN COMPANY-PROVIDED CONSENSUS.FY UNDERLYING OPERATING PROFIT EUR 569 MILLION VERSUS EUR 527 MILLION IN COMPANY-PROVIDED CONSENSUS.FY GROUP NET LOSS EUR 315 MILLION VERSUS PROFIT EUR 665 MILLION YEAR AGO.END-FY FREE CASH FLOW EUR 72 MILLION VERSUS EUR 907 MILLION YEAR AGO.SEES IMPROVEMENT IN H1 FISCAL 2021 RELATIVE TO H2 FISCAL 2020, WITH ORGANIC DECLINE BETWEEN -20% AND -25%.SEES AN ORGANIC DECLINE BETWEEN -20% AND -25% IN H1 FISCAL 2021 RELATIVE TO H2 FISCAL 2020.OUR HYPOTHESIS FOR THE FIRST HALF FISCAL 2021 GROUP UNDERLYING OPERATING MARGIN IS BETWEEN 2 AND 2.5%.WE ARE WORKING WITH A RECURRENT FREE CASH FLOW HYPOTHESIS OF ABOUT -100 MILLION EURO FOR H1 FISCAL 2021.  Full Article

Sodexo Targets Organic Decline Between -20% And -25% In H1
Thursday, 29 Oct 2020 

Oct 29 (Reuters) - SODEXO SA ::SEES AN ORGANIC DECLINE BETWEEN -20% AND -25% IN H1 FISCAL 2021.FY OPERATING PROFIT EUR 65 MILLION VERSUS EUR 1.06 BILLION YEAR AGO.FY REVENUE EUR 19.32 BILLION VERSUS EUR 19.22 BILLION IN COMPANY-PROVIDED CONSENSUS.FY UNDERLYING OPERATING PROFIT EUR 569 MILLION VERSUS EUR 527 MILLION IN COMPANY-PROVIDED CONSENSUS.FY GROUP NET LOSS EUR 315 MILLION VERSUS PROFIT EUR 665 MILLION YEAR AGO.END-FY FREE CASH FLOW EUR 72 MILLION VERSUS EUR 907 MILLION YEAR AGO.SEES IMPROVEMENT IN H1 FISCAL 2021 RELATIVE TO H2 FISCAL 2020, WITH ORGANIC DECLINE BETWEEN -20% AND -25%.OUR HYPOTHESIS FOR THE FIRST HALF FISCAL 2021 GROUP UNDERLYING OPERATING MARGIN IS BETWEEN 2 AND 2.5%.WE ARE WORKING WITH A RECURRENT FREE CASH FLOW HYPOTHESIS OF ABOUT -100 MILLION EURO FOR H1 FISCAL 2021.  Full Article

Sodexo Announces Safeguard Plan Which Will Include 2083 Net Job Cuts
Tuesday, 27 Oct 2020 

Oct 27 (Reuters) - SODEXO SA ::ANNOUNCES SAFEGUARD PLAN WHICH WILL INCLUDE 2083 NET JOB CUTS.JOB CUTS REPRESENT LESS THAN 7% OF ITS EMPLOYEES.EMPLOYEES CONCERNED ARE IN MAJORITY IN THE CORPORATE SERVICES SEGMENT.DISCUSSIONS WITH REPRESENTATIVE BODIES WILL SOON BE INITIATED FOR PROJECT CONCERNING SODEXO GROUP HEADQUARTERS WHERE LESS THAN A HUNDRED POSITIONS SHOULD BE AFFECTED.  Full Article

Sodexo Expects About 27% Decline In Q4 Revenue
Tuesday, 7 Jul 2020 

July 7 (Reuters) - :Q3 REVENUE DOWN ORGANICALLY AT 29.9%, BETTER THAN EARLY-APRIL HYPOTHESIS OF -33%.UNDERLYING OPERATING PROFIT FLOW-THROUGH HAS IMPROVED MONTH BY MONTH : NOW BETTER THAN HYPOTHESIS OF 25% ANNOUNCED IN APRIL.FREE CASH FLOW IS IN LINE TO ACHIEVE H2 IN THE RANGE OF EUR -200 MILLION AND EUR +200 MILLION.Q3 TOTAL GROUP REVENUE EUR 3.91 BILLION VERSUS EUR 5.68 BILLION YEAR AGO.THE PANDEMIC IS STILL STRONG IN NORTH AMERICA, LATIN AMERICA AND INDIA.EXPECTS Q4 REVENUE TO BE DOWN CIRCA 27%, VERSUS ORIGINAL HYPOTHESIS IN APRIL OF -15%.MORE PRUDENT HYPOTHESES FOR Q4 REVENUES COMPENSATED BY BETTER UNDERLYING OPERATING PROFIT FLOW-THROUGH IN H2.H2 DECLINE IS NOW EXPECTED TO BE 28%, OR AROUND EUR 3 BILLION AND 13.7% FOR FULL YEAR.ESTIMATES UNDERLYING OPERATING PROFIT FLOW-THROUGH IN H2 SHOULD BE BETWEEN 20 AND 23% OF REVENUE SHORTFALL.  Full Article

Freight Farms And Sodexo Announce Partnership In The U.S.
Wednesday, 29 Jan 2020 

Jan 29 (Reuters) - Freight Farms::SAYS FREIGHT FARMS AND SODEXO ANNOUNCE STRATEGIC NATIONAL PARTNERSHIP TO GROW FOOD ONSITE AT SCHOOL CAMPUSES ACROSS THE U.S..  Full Article

Sodexo CEO confident over FY 19/20 despite loss of contracts
Monday, 8 Jul 2019 

July 8 (Reuters) - Sodexo SA CEO Denis Machuel tells journalists during a call::CEO SAYS REMAINS "CONFIDENT" OVER FY 19/20 GROWTH EVEN CONTRACTS LOST WILl STILL IMPACT Q1.Source text for Eikon: [ID:].  Full Article

Sodexo eyes full-year profit margin at low-end of range
Thursday, 11 Apr 2019 

April 11 (Reuters) - Sodexo SA CEO Denis Machuel tells a conference call with journalists::CEO SAYS GROUP LIKELY TO BE AT HIGH END OF FULL YEAR 2018/19 ORGANIC REVENUE GROWTH RANGE OF 2-3 PERCENT, LOW END OF RANGE OF 5.5-5.7 PERCENT FOR OPERATING MARGIN.CEO SAYS WELCOMES PROSPECT THAT "NO DEAL" BREXIT HAS BEEN AVOIDED, CONFIDENT OVER ITS PROSPECTS IN BRITAIN.  Full Article

French group Sodexo buys UK company The Good Care Group
Monday, 8 Apr 2019 

April 8 (Reuters) - Sodexo SA ::* Announces the acquisition of The Good Care Group, a leading player in the live-in care market in the UK..* With around 1050 employees, The Good Care Group has an annual revenue of £32M (FY18)..  Full Article

"Yellow vest" protests weighed on Sodexo December tourism business -CEO
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Sodexo CEO Denis Machuel told a conference call::"Yellow vest" protests in France hurt its tourism business in the country though the impact should be manageable - CEO.CEO says one worry is the impact of the protests on the spring-summer tourism season in France.Sodexo owns the Paris cabaret Le Lido, the Yachts de Paris luxury river cruising business and it also has the catering contract for a restaurant in the Eiffel Tower.Sodexo was forced to close the Lido and the 'Tour Eiffel' restaurant was also shut during some of the protests in Paris in December.  Full Article

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Catering group Sodexo in talks on job cuts, sees further sales hit

French catering and food services group Sodexo said on Thursday it was in talks with employee representatives over its planned 2,083 job cuts, as it forecast a further revenue slump in a sector that was recovering but still hurt by the coronavirus crisis.