Register now for FREE limitless entry to Reuters.com
Jan 6 (Reuters) – French catering and meals companies group Sodexo warned on Thursday the return to distant working this winter might have an effect on its volumes, however stated it was not fearful if COVID-19 restrictions remained short-lived.
Caterers have been hit onerous by the pandemic and are in search of new methods to adapt to recurring lockdowns, extra working from residence and fewer occasions.
Chief Finance Officer Marc Rolland stated throughout a name with journalists that catering for the white-collar sector might lower a little bit.
The French parliament permitted on Thursday the federal government’s newest measures to deal with COVID-19, together with a vaccine go, and barring unvaccinated folks from hospitality venues and trains.
Rolland stated it was too early to say if the group might obtain its annual forecasts, however famous first-quarter natural progress of 17.5% was on the high finish of its 15-18% full-year steering vary.
“At this stage, we preserve our annual steering and stay assured within the continued restoration,” chairwoman and interim Chief Government Officer Sophie Bellon stated in an announcement.
The Paris-based agency, one of many world’s greatest catering corporations alongside Britain’s Compass , stated revenues reached 95% of pre-COVID ranges within the first quarter, with restoration seen in all actions, segments and geographies.
Revenues rose to five.26 billion euros ($5.95 billion) from 4.43 billion a yr earlier. Analysts had on common anticipated 5.24 billion euros, in keeping with a company-provided consensus.
Sodexo, which in July launched a seek for a brand new chief govt to exchange Denis Machuel, stated the method was transferring ahead, however its was taking time to decide on the proper individual.
Sodexo shares have been down 1.8% to 79.58 euros at 0802 GMT.
($1 = 0.8844 euros)
Reporting by Anait Miridzhanian
Enhancing by Sherry Jacob-Phillips and Mark Potter