|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||19.41 - 19.47|
|52-week range||13.51 - 19.75|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||30.34|
|Forward dividend & yield||0.45 (2.39%)|
|Ex-dividend date||17 Dec 2021|
|1y target est||N/A|
(Reuters) -Sodexo expects its operating profit margin to rise to over 6% in 2025 as more companies outsource their catering and benefits needs and the French food services group boosts its voucher business to meet more demanding employees' expectations. Sodexo, presenting its 2025 strategy, said on Wednesday it would particularly look to expand its Benefits and Rewards (B&R) business as companies seek more ways to retain staff in tight labour markets and greater flexibility as a growing number of employees work remotely. French voucher group Edenred said last month it expected profit growth to accelerate over the next three years as staff shortages and rising inflation pushed employers to spend more on worker benefits.
(Reuters) -Sodexo on Wednesday said it expected 2023 revenue and profit margins to hit 2019 levels, as the French catering and food services group rebounds from the pandemic and increases prices to cope with rising food and energy bills. The outlook reflects the relatively swift recovery by the catering industry this year as major sports events have restarted, shops have reopened and more people returned to offices after coronavirus restrictions eased. The company, which ranks among the world's largest catering groups alongside Britain's Compass Group, also reported better-than-expected full-year revenue, driven by all-time-high client retention rate and strong new business growth, despite the inflationary backdrop.