Sodexo: heavily sanctioned for trading update

(CercleFinance.com) - Sodexo shares are down almost 8%, making it the red lantern on the SBF120, after announcing sales of E6.
4bn for Q1 2025, missing the consensus by 2%.

With organic growth of 4.6%, 0.6 point below its expectation, Oddo BHF believes that a strong acceleration in growth in H2 will be required to achieve the 5.5%-6.5% target range maintained for the current financial year.

We expect slightly negative consensus adjustments for Sodexo, with the consensus probably positioned at the very bottom or below the target range for organic growth, the broker warns.

However, remaining confident in Sodexo's ability to continue its operational progress (sustainable improvement in growth and profitability), Oddo BHF maintains an "outperform" rating and a TP of E98 for the share.


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