Reported 2 days ago
Sodexo has reduced its annual growth forecasts, citing slower organic revenue growth in North America, which has led to a significant drop in its share price by over 19%. The company's CEO highlighted challenges in the education and healthcare sectors, resulting in a projected organic revenue growth of just 3% to 4%, below previous estimates. Despite these setbacks, Sodexo aims to maintain a high client retention rate and has reported a half-year net profit of 434 million euros.
Source: YAHOO