Sodexo SA: Sodexo Q3 Fiscal 2021 revenue: Strong and better than expected organic growth
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Issy-les-Moulineaux, July 1, 2021 - 7:00 am, French time
Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY).
Q3 Fiscal 2021 revenues
Sodexo CEO Denis Machuel said: Third quarter growth in revenues is better than expected in all activities and segments driven notably by the significant recovery compared to the first lockdowns in March 2020. Since then, the rebound has been progressive despite the third quarter being impacted by the April lockdown in France and the emergence of new variants of the Covid-19 virus. For the fourth quarter, we expect the recovery to continue, particularly in the Americas.
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Sodexo CEO Denis Machuel said:
“Third quarter growth in revenues is better than expected in all activities and segments driven notably by the significant recovery compared to the first lockdowns in March 2020. Since then, the rebound has been progressive despite the third quarter being impacted by the April lockdown in France and the emergence of new variants of the Covid-19 virus. For the fourth quarter, we expect the recovery to continue, particularly in the Americas.
The expected fourth quarter progress should result in better than expected organic growth and margin in the second half which has led to an upward revision in our guidance.