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Sodexo


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Sodexo completes 1.75 bln euros refinancing of syndicated revolving credit facility

BRIEF-Sodexo completes 1.75 bln euros refinancing of syndicated revolving credit facility July 25 (Reuters) - Sodexo SA EXHO.PA : SUCCESSFULLY COMPLETES €1.75BN REFINANCING OF THE SUSTAINABILITY LINKED SYNDICATED REVOLVING CREDIT FACILITY SUCCESSFULLY COMPLETES €1.75BN REFINANCING OF THE SUSTAINABILITY LINKED SYNDICATED REVOLVING CREDIT FACILIT
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Sodexo inches up after subsidiary Sofinsod sale

BUZZ-Sodexo inches up after subsidiary Sofinsod sale ** Shares in Sodexo EXHO.PA inch up 2% after the French food caterer finalised sale of subsidiary Sofinsod to Bellon for 918 million euros ($994.65 million), in a move to further simplify its structure ** Sodexo will distribute the sale proceeds to its shareholders through an interim dividend of EUR 6.24 per share ** RBC points out the sale price is ahead of its own valuation of the asset at EUR 801 million ** "This simplifies the ownership st
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British caterer Compass serves up second annual forecast upgrade this year

UPDATE 3-British caterer Compass serves up second annual forecast upgrade this year Q3 organic revenue growth beat expectations at 10.3% Shares rise 4.9% to top of FTSE 100 Compass says pricing has moderated, in line with inflation Adds CEO comments in paragraphs 3-4, analyst in paragraph 8 By Yadarisa Shabong July 23 (Reuters) - Caterer Compass CPG.L raised its annual profit and revenue forecasts for the second time this year on Tuesday, after third-quarter revenue beat expectations as more peo
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Pluxee's Q3 revenue miss drags shares

BUZZ-Pluxee's Q3 revenue miss drags shares Updates shares, adds comment on European revenue, additional milestones ** Shares in French voucher and benefits company Pluxee PLX.PA fall a bout 10 %, tracking their worst day ever if losses persist, after i ts Q3 revenue m issed expectations ** J.P.Morgan's Estelle Weingrod flags Q3 total operating revenue of 257 mln euros ($277.3 mln) below the company-provided consensus of 265 million, pointing to the effect of a discontinued public contract in Chi
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Pluxee shares dive due to disappointing European sales

UPDATE 2-Pluxee shares dive due to disappointing European sales Updates share reaction, adds Barclays comment in paragraph 5, details on French election in paragraphs 7-9 July 4 (Reuters) - Shares in Pluxee PLX.PA slumped more than 10% on Thursday, a day after the French meal voucher provider reported weaker than expected third-quarter sales in Europe, overshadowing its second outlook hike of the year.
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French meal voucher Pluxee shares drop on weak European sales in Q3

French meal voucher Pluxee shares drop on weak European sales in Q3 July 4 (Reuters) - Shares in Pluxee PLX.PA dropped more than 7% on Thursday after the French meal voucher company, spun off from Sodexo EXHO.PA in February, reported weaker than expected third-quarter sales in Europe on Wednesday, overshadowing its second outlook hike of the year.
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French voucher firm Pluxee raises full-year guidance again

UPDATE 2-French voucher firm Pluxee raises full-year guidance again Adds details, deal with Santander, background, Cobee unit guidance July 3 (Reuters) - French voucher and benefits company Pluxee PLX.PA upgraded its full-year organic revenue guidance for a second time this year on Wednesday after strong third-quarter growth driven by Latin America and other non-European markets.
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European stocks slide as French election, rate nerves persist

UPDATE 3-European stocks slide as French election, rate nerves persist For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window French election relief rally fades EZ inflation eases but services costs stuck STOXX 600 down 0.4%, insurers lead losses Updated at 1600 GMT By Sruthi Shankar and Jesus Calero July 2 (Reuters) - European stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentar
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Sodexo falls after Q3 revenue misses forecast

BUZZ-Sodexo falls after Q3 revenue misses forecast ** Shares in Sodexo EXHO.PA fall 3% after the French food caterer reported Q3 revenue slightly below consensus ** Q3 revenue rises 6.8% organically to 6.07 billion euros ($6.51 billion) vs consensus forecast of 6.11 billion euros provided by the company ** RBC points to the strong YTD share price p
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French caterer Sodexo lags Q3 sales expectations on China slowdown

UPDATE 2-French caterer Sodexo lags Q3 sales expectations on China slowdown Adds share reaction in paragraph 2, CFO comments in paragraphs 3-4, details on results in paragraphs 6 and 8 July 2 (Reuters) - French food caterer Sodexo EXHO.PA reported slower quarterly sales growth on Tuesday, missing market forecasts, citing a slowdown in China and a change in how it recognises revenues from a large project in Australia.
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Sodexo Posts Q3 Revenue Below Consensus

BRIEF-Sodexo Posts Q3 Revenue Below Consensus July 2 (Reuters) - Sodexo SA EXHO.PA : Q3 REVENUE EUR 6.07 BILLION VERSUS CONSENSUS EUR 6.11 BILLION FISCAL 2024 GUIDANCE CONFIRMED Q3 ORGANIC REVENUE +6.8% YOY VERSUS CONSENSUS +7.0% Source text for Workspace: ID:nGNXHWbW8 Further company coverage: EXHO.PA (Gdansk Newsroom)
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French catering group Sodexo lags Q3 sales expectations

French catering group Sodexo lags Q3 sales expectations July 2 (Reuters) - French food caterer Sodexo EXHO.PA reported slightly lower than expected third-quarter sales on Tuesday, citing a change in how it accounts for project works related to a large contract in its Rest of the World segment. Its third-quarter revenue rose 6.8% organically from a year earlier to 6.07 billion euros ($6.51 billion), missing a consensus forecast of 6.11 billion euros provided by the company.
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Credit Agricole, Hermes, Whitbread

EUROPE RESEARCH ROUNDUP-Credit Agricole, Hermes, Whitbread June 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Credit Agricole, Hermes and Whitbread, on Wednesday. HIGHLIGHTS * Credit Agricole CAGR.PA : Jefferies raises to buy from hold * Flutter Entertainment Plc FLTRF.L : JP Morgan cuts target price to 20,700p from 21,300p * Hermes HRMS.PA : Barclays cuts target price to EUR 2320 from EUR 2410 * Renew Holdings Plc RNWH.L : Ber
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Argenx, Hermes, National Grid

EUROPE RESEARCH ROUNDUP- Argenx, Hermes, National Grid May 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Argenx, Hermes and National Grid, on Tuesday. HIGHLIGHTS * Argenx ARGX.BR : Barclays raises target price to EUR 375 from EUR 360 * Endomines Finland Oyj PAMPALO.HE : Evli Research raises to hold from sell * Hermes HRMS.PA : Bernstein raises to outperform from market perform * National Grid Plc NG.L : RBC cuts target price t
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French night vision firm Exosens aims to raise 180 mln euros in IPO

UPDATE 3-French night vision firm Exosens aims to raise $195 mln in IPO Adds background in paragraph 3; details from paragraph 8 onwards By Mathieu Rosemain and Augustin Turpin May 23 (Reuters) - French optical component maker Exosens is aiming to raise about 180 million euros ($195 million) through an IPO on Euronext Paris, paving the way for a partial exit for private equity firm Groupe HLD amid a return of stock listings in Europe.
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MS ups Sodexo, sees scope for margin boost

BUZZ-MS ups Sodexo, sees scope for margin boost ** Morgan Stanley ups French caterer Sodexo EXHO.PA to "overweight" from "equal-weight" citing potential simplification of its holding structure and scope for higher margins ** On the back of its US catering survey, the brokerage says it is confident in Sodexo's operational turnaround sustainability in the U.S., which could boost margins by around 80bps ** The brokerage lifts its PT by 11.6% to 96 euros, saying a simplified structure of Sodexo's ho
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Antofagasta, Imperial Brands, Sodexo

EUROPE RESEARCH ROUNDUP-Antofagasta, Imperial Brands, Sodexo May 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Antofagasta, Imperial Brands and Sodexo, on Friday. HIGHLIGHTS * Antofagasta Plc ANTO.L : HSBC raises target price to 1,100p from 1,000p * Diploma Plc DPLM.L : Morgan Stanley raises target price to 4,700p from 3,915p * Imperial Brands IMB.L : Jefferies raises target price to 1,850p from 1,710p * OMV AG OMVV.VI : Berenb
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French caterer Elior shares soar after 'robust' first half

UPDATE 3-French caterer Elior shares soar after 'robust' first half Adds details on prices and work-from-home in paragraphs 5-8 By Diana Mandia May 16 (Reuters) - Elior's ELIOR.PA shares surged by more than 28% on Thursday after price increases and more efficient operations helped the French caterer top first-half core profit estimates. The group, which supplies businesses, schools, prisons, hospitals and care homes, has taken longer to recover from the impact of the COVID-19 pandemic than its c
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Catering firm Compass lifts profit forecast after strong first half

UPDATE 2-Catering firm Compass lifts profit forecast after strong first half Compass sees 2024 profit growth towards 15% Sees annual organic revenue growth towards 10% Expects volume growth to moderate Shares fall 2% Adds shares in paragraph 3, analyst in paragraph 6, details on results and outlook throughout May 15 (Reuters) - British catering firm Compass Group CPG.L raised its 2024 profit forecast on Wednesday, after reporting first-half earnings slightly ahead of market expectations, as new
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