|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||82.76 - 84.28|
|52 Week Range||68.16 - 88.04|
|Beta (5Y Monthly)||1.08|
|PE Ratio (TTM)||89.60|
|Forward Dividend & Yield||2.00 (2.50%)|
|Ex-Dividend Date||Dec 17, 2021|
|1y Target Est||N/A|
Bain Capital is looking to bid for a stake in the benefits and rewards services unit of French food caterer Sodexo as the Paris-listed firm is on the lookout for investors that could help fund the group's turnaround, sources told Reuters. Sodexo, which has a market value of 12 billion euros ($13.7 billion), is looking to sell a minority stake of about 30% in the business which has been driving the group's post-COVID recovery by providing employee benefit programmes as well as meal vouchers and gift cards, one of the sources said, speaking on condition of anonymity. Sodexo's benefits unit delivered a 7% jump in organic revenues in its latest quarterly results.
Caterers have been hit hard by the pandemic and are looking for new ways to adapt to recurring lockdowns, more working from home and fewer events. Chief Finance Officer Marc Rolland said during a call with journalists that catering for the white-collar sector could decrease a little. The French parliament approved on Thursday the government's latest measures to tackle COVID-19, including a vaccine pass, and barring unvaccinated people from hospitality venues and trains.
(Reuters) -French catering and food services group Sodexo said on Wednesday it expects sales to accelerate in 2022 and will resume dividend payments after posting better-than-expected annual results. Sodexo cited the acceleration in cornavirus vaccination programmes across its markets as the driving force of restaurant reopenings. A boost in growth in the United States, the accelerated deployment of the new food model based on digital solutions and the active portfolio management will help Sodexo return to regular and sustained growth, it said.