Sodexo: Q1 Fiscal 2019 Organic Revenue Growth In Line With Expectations; Annual Objectives Maintained
Source Sodexo
Issy-les-Moulineaux, January 10, 2019 - Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY), world leader in Quality of Life Services, today reported its revenues for the first quarter of Fiscal 2019, which ended on November 30, 2018.
Annual objectives maintained
- Q1 Fiscal 2019 organic revenue growth of +2.6%
- On-site Services: +2.3%
- Benefits & Rewards Services: +9.5%
Commenting on these figures, Sodexo CEO Denis Machuel said:
“First quarter revenue growth is in the middle of the range of our guidance. It reflects a good performance relative to Fiscal 2018 but as expected, does not match the growth in the prior quarter which was boosted by seasonal factors.
While new signatures in Health Care and Seniors in North America are good, we remain prudent on the recovery in this segment.
We are vigorously implementing our action plans. As we generate productivity, we are reinvesting in sales, marketing, digital and innovation. We maintain our objectives for the year as a whole.”
