Sodexo S.A. Announces Sales Results for the First Quarter Ended November 30, 2013; Provides Earnings Guidance for the Fiscal Year 2014
The company provided earnings guidance for the fiscal year 2014. The company expects organic revenue growth between +2.5% and +3%.
An + 11% increase in operating profit (at constant exchange rates and excluding the impact of the exceptional costs related to the program to improve operational efficiency). As a result, the Group is targeting an operating margin of 5.6% for fiscal 2014, up 0.4% compared with fiscal 2013.