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Sodexo (EXHO.PA): Ambitious2030goals. FY27 EBIT guide -8% vs. consensus reflecting investments. We estimate new contract worth >0.6% sales.-20260716
花旗· 2026-07-16 15:20
Flash | 16 Jul 2026 02:32:02 ET │ 14 pages Sodexo (EXHO.PA) Ambitious 2030 goals. FY27 EBIT guide -8% vs. consensus reflecting investments. We estimate new contract worth >0.6% sales. CITI'S TAKE Ahead of today's CMD, Sodexo announced 1) mid-term 2030 financial targets that are broadly as we expected (Figure 1) including the step-up in CapEx, but slightly more ambitious margins >5% which on our BRS adjusted estimates is back to 2017 peak margin (FY25 4.7%), and removal of the leverage target, 2) opex invest ...