Sodexo: Solid revenue growth in Fiscal 2019
SODEXO S/ADR (SDXAY)
NASDAQ:AMEX Investor Relations:
sodexo.com/home/finance.html
Company Research
Source: GlobeNewswire
Sodexo: Solid revenue growth in Fiscal 2019 Revenue growth of +7.6%Organic growth revitalized and above guidance at +3.6%Underlying Operating Margin stable, in line with objectives Strong cash conversion1 at 136%Fiscal 2020 Guidance: Around 4% organic growth and stable Underlying operating margin, excluding impact of currencies and IFRS 16 implementation Issy-les-Moulineaux, November 7, 2019 - Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY). At the Board of Directors meeting held on November 6, 2019 and chaired by Sophie Bellon, the Board closed the Consolidated and Company accounts for the fiscal year ended August 31, 2019. Financial performance for Fiscal 2019 (in millions of euro) FISCAL 2019 (ENDED AUGUST 31, 2019) FISCAL 2018(ENDED AUGUST 31, 2018) DIFFERENCE DIFFERENCE CONSTANT RATES Revenue 21,954 20,407 +7.6% +6.2% Organic growth +3.6% +1.6% UNDERLYING OPERATING PROFIT 1,200 1,128 +6.4% +6.0% UNDERLYING OPERATING PROFIT MARGIN
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