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Sodexo SA Issues FY 2014 and FY 2015 Financial Guidance; Proposes FY 2013 Dividend

Thursday, 14 Nov 2013 01:01am EST 

Sodexo SA announced that it has now set the following new objectives for fiscal year 2014: organic growth in revenue of between 2.5% and 3%, and an 11% increase in operating profit (at constant exchange rates and excluding the impact of the exceptional costs related to the program to improve operational efficiency). As a result, the Group is now targeting an operating margin of 5.6% for fiscal year 2014, up 0.4% compared with fiscal year 2013. In addition, Sodexo SA has a two-year target of reaching a consolidated operating margin of 6% by fiscal year 2015. In addition, the Company announced that at the Annual Shareholders' Meeting to be held on January 21, 2014, the Board of Directors will recommend paying a dividend of EUR 1.62 per share for fiscal year 2013, an increase of 2% from the prior year. 

Company Quote

-0.03 -0.04%
24 Dec 2014