Sodexo
SW: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€68.00 | Qncyyb | Jmlzvtn |
Sodexo Earnings: Still Benefiting From Tailwinds in 2024
Narrow-moat Sodexo posted a strong first-half update with organic revenue growth of 8.5%, rising into the second quarter. Operating margins also increased by 40 basis points year over year to 5.1%. Management tightened full-year guidance with organic revenue growth now expected to be at the top end of the previously guided 6%-8%. We reiterate our EUR 92 fair value estimate and see decent upside from the prevailing share price.