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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Compass Group plc    GB00BLNN3L44_GB   GB00BLNN3L44

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Compass : Services group Sodexo sticks to full-year targets as first-half profit rises

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04/13/2017 | 07:36am CEST
FILE PHOTO: The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris

French food services and facilities management group Sodexo (>> Sodexo) posted a rise in first-half earnings and maintained its target for full-year sales and operating profit.

French food services and facilities management group Sodexo (>> Sodexo) posted a rise in first-half earnings and maintained its target for full-year sales and operating profit.

Sodexo, which is the world's second-biggest catering company after Compass Group (>> Compass Group plc), said its first-half operating profit, before exceptional expenses, rose 7.7 percent from a year earlier to 723 million euros (£614.24 million).

The consensus operating profit forecast, according to forecasts compiled for Reuters by Inquiry Financial, stood at 697 million euros.

Sodexo, whose profit was boosted by solid performances in north America and Asia, said it expected operating profit growth between 8 percent and 9 percent over the full year and reiterated its medium-term objectives.

Sodexo's performance echoed that of its rival Compass, which in February also maintained its full-year outlook.

Sodexo, whose clients range from the Royal Ascot Racecourse in England to the U.S. Marine Corps, kept its medium-term goal of average annual revenue growth of between 4-7 percent and average annual operating profit growth of between 8-10 percent.

Sodexo shares closed at 112.60 euros on Wednesday. The stock is up around 3 percent so far in 2017, slightly underperforming a 5 percent gain on France's benchmark CAC-40 index <.FCHI>.

(Reporting by Sudip Kar-Gupta; Editing by Vyas Mohan)

Stocks treated in this article : Sodexo, Compass Group plc
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Financials ( GBP)
Sales 2017 22 705 M
EBIT 2017 1 701 M
Net income 2017 1 172 M
Debt 2017 3 490 M
Yield 2017 2,19%
P/E ratio 2017 21,66
P/E ratio 2018 20,27
EV / Sales 2017 1,26x
EV / Sales 2018 1,20x
Capitalization 25 051 M
Technical analysis trends COMPASS GROUP PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 29
Average target price 17,0  GBP
Spread / Average Target 7,2%
EPS Revisions
Managers
NameTitle
Richard John Cousins Group Chief Executive Officer & Executive Director
Paul Steven Walsh Non-Executive Chairman
Johnny Thomson Group Finance Director & Executive Director
Gary R. Green Executive Director & CEO-North America Region
Donald Austin Robert Senior Independent Non-Executive Director
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