Sodexo SA (EXHO.PA)
17 Nov 2017
Thu, Nov 16 2017
PARIS French facilities management and vouchers group Sodexo said its cost reduction plan was on track and expressed confidence it could accelerate sales growth, although its shares fell on disappointment over its margin guidance.
PARIS, Nov 16 French facilities management and vouchers group Sodexo said on Thursday that its cost reduction plan was on track, and expressed confidence in its ability to accelerate sales growth in the current fiscal year.
PARIS France's Sodexo is buying Centerplate, a U.S. company that provides food and hospitality services at sports, convention and entertainment venues, for $675 million in cash to raise its profile in the U.S. sports and leisure market.
* Sodexo cut sales growth target in July (Adds detail, shares, analyst)
PARIS, Nov 15 French facilities management and vouchers group Sodexo is buying Centerplate, a U.S. company that provides food and hospitality services, for $675 million to expand in the U.S. sports and leisure market.
* Sodexo announces the acquisition of the contracts and certain assets of the Morris Corporation business.
(The following statement was released by the rating agency) LONDON, October 05 (Fitch) Fitch Ratings has affirmed France-based food service provider Sodexo SA's Long-Term Issuer Default Rating (IDR) and senior unsecured ratings at 'BBB+'. The Outlook remains Stable. The affirmation and Stable Outlook are supported by Sodexo's steady business model, which has proven quite resilient through economic cycles. Sodexo's business model is characterised by good geographic diversification, a large non-co
PARIS, Sept 18 Sodexo, a French facilities management and vouchers group, said on Monday there would be some impact on its results from the recent rise in the euro.
* SODEXO ISSUES 2,000 BONDS AMOUTING TO EUR 200 MILLION Further company coverage: (Gdynia Newsroom)
* Keeps FY 2016/17 operating profit growth goal (Adds CEO comments from call)