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

COMPASS GROUP PLC (GB00BLNN3L44_GB)
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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

PARIS (Reuters) - 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.

PARIS (Reuters) - 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
Stocks mentioned in the article
ChangeLast1st jan.
SODEXO 1.29% 86.12 Real-time Quote.-23.14%
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Financials ( GBP)
Sales 2018 23 254 M
EBIT 2018 1 742 M
Net income 2018 1 229 M
Debt 2018 3 269 M
Yield 2018 2,27%
P/E ratio 2018 21,28
P/E ratio 2019 19,82
EV / Sales 2018 1,25x
EV / Sales 2019 1,18x
Capitalization 25 813 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 16,8  GBP
Spread / Average Target 3,2%
EPS Revisions
Managers
NameTitle
Dominic Blakemore 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
Sector and Competitors
1st jan.Capitalization (M$)
COMPASS GROUP PLC0.00%34 349
STARBUCKS CORPORATION0.44%79 930
COMPASS GROUP PLC1.88%34 349
SODEXO-23.14%15 133
DARDEN RESTAURANTS-8.48%10 879
WHITBREAD6.40%10 397