Sodexo cuts 2026 guidance after review of contracts and assets

Sodexo SA

10/04/2026 06:00

April 10 (Reuters) - French food caterer Sodexo EXHO.PA cut its 2026 sales and profitability targets on Friday, citing execution challenges and its management's review of contracts and assets.

"We have undeniably underperformed the market and our main competitors," CEO Thierry Delaporte, who replaced Sophie Bellon in November, said in a press release.

The group sees organic revenue growth of between 0.5% and 1% this year, down from 1.5% to 2.5% previously. It expects its underlying operating margin to be clearly lower at between 3.2% and 3.4%, having earlier guided for a slight decline from last year's 4.7%.

(Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)

((Dimitri.rhodes@thomsonreuters.com))