In an effort to refocus on food services and speed up growth in its voucher business, French catering and food services giant Sodexo on Wednesday predicted organic revenue growth of between 6% and 8% for the fiscal years 2024-2025 and a margin above 6% in 2025.
In a statement released in advance of Sodexo’s Capital Markets Day, CEO Sophie Bellon said, “Today, with our strategy to refocus and accelerate, and with a persistent focus on execution, we intend to continue to improve our performance in the coming years.”
Related:Â Quarterly sales for caterer Sodexo exceed projections due to a comeback in volume.
Sodexo is one of the largest catering firms in the world, along with Compass in the United Kingdom. For the fiscal years 2024 and 2025, Sodexo expects its voucher business to have low-double-digit organic revenue growth and an operating profit margin below 30%.
In May, the group had made the decision not to accept outside financing for the voucher segment.
