SDXAY - Sodexo S.A. reports FQ3 results

Sodexo S.A. (SDXAY): FQ3 Revenue of €4.48B (+14.7% Y/Y).Outlook for 2H21: Organic growth around +15%, Underlying operating margin at constant rates of ~3.5%, and cash conversion at more than 100%.CEO Denis Machuel: “Third quarter growth in revenues is better than expected in all activities and segments driven notably by the significant recovery compared to the first lockdowns in March 2020. Since then, the rebound has been progressive despite the third quarter being impacted by the April lockdown in France and the emergence of new variants of the Covid-19 virus. For the fourth quarter, we expect the recovery to continue, particularly in the Americas..".Press Release

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Sodexo S.A. reports FQ3 results