Sodexo sees second-half revenue growth despite volatile environment

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The Paris-based company forecast an organic growth ranging between 10% and 15% for the six-month period through August 2021, seeing rapid recovery once vaccination rollouts are fully deployed.

But, Sodexo said it will remain cautious in view of a resurgence in coronavirus infections and flagged the continuous volatility in the short-term, particularly in Europe, and expected little improvement in quarter-on-quarter trends throughout its fiscal year.

For the six months ended February, Sodexo posted an underlying operating profit margin of 3.1%, beating its own target of at least 2.5%, on revenue of 8.60 billion euros ($10.08 billion).

($1 = 0.8530 euros)