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Sodexo, which is benefiting from the cost-of-living crisis as employers look for ways to support staff without hiking wages, announced in April a plan to spin off and list its voucher unit on the stock exchange in 2024, betting on the good performance of the business. Smaller French rival Edenred (EDEN.PA), which joined France's blue-chip index CAC 40 (.FCHI) on Monday, posted in April first-quarter operating revenue growth as employers used its meal tickets and fuel cards to help staff cope with inflation. Pluxee, which employs 5,000 in 31 countries, targets full-year organic revenue growth of close to 20% and an underlying operating profit margin of around 32%. Sodexo's voucher business reported a core profit of 162 million euros ($177 million) in the first half of 2023. Reporting by Federica Mileo and Diana Mandiá in Gdansk, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Aurelien Sonet, Pluxee, Sonet, Edenred, Federica Mileo, Diana Mandiá, Louise Heavens Organizations: Thomson Locations: Gdansk

☆ Air France-KLM posts Q1 revenue beat driven by strong summer bookings
▼ + stars: | 2023-05-05 | by ( Federica Mileo | ) www.reuters.com time to read: +2 min

[1/3] Logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis DuvignauMay 5 (Reuters) - Air France-KLM (AIRF.PA) on Friday reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales. The carrier's revenue grew 42% year-on-year to 6.33 billion euros ($6.97 billion), just above the 6.30 billion euros expected on average by analysts polled by the company. Air France-KLM said it did not see an impact from the cost- of-living crisis, pointing to more than 1.5 billion euros in ticket sales over the first quarter and to a strong demand across its network. Air France-KLM said the impact from French air-control strikes had been limited and was in the millions of euros, which it quantified as smaller than the impact from previous strikes.

☆ Airbus deliveries fell to 20 jets in January
▼ + stars: | 2023-02-07 | by ( Tim Hepher | ) www.reuters.com time to read: +2 min

PARIS, Feb 7 (Reuters) - Airbus (AIR.PA) deliveries fell to 20 airplanes in January compared to 30 in the same month last year, the company said on Tuesday, confirming an earlier Reuters report. Detailed Airbus data showed that the cancellation came from Viva Air Colombia, a subsidiary of Irelandia Aviation. Airbus eventually lowered then abandoned that goal in 2022 as supply chain and industrial pressures began to bite harder than expected. It made 663 industrial deliveries for the year or 661 after a Russia sanctions-related adjustment. Industry sources have said the shallower "hockey stick" recovery would allow Airbus' COVID-hobbled supply chain to reset and prepare a more reliable catch-up from mid-decade.

PARIS, Feb 7 (Reuters) - Airbus (AIR.PA) deliveries fell by a third to 20 airplanes in January compared to 30 in the same month last year, the company said on Tuesday, confirming an earlier Reuters report. Detailed Airbus data showed that the cancellation came from Viva Air Colombia, a subsidiary of Irelandia Aviation. Airbus eventually lowered then abandoned that goal in 2022 as supply chain and industrial pressures began to bite harder than expected. It made 663 industrial deliveries for the year or 661 after a Russia sanctions-related adjustment. Industry sources have said the shallower "hockey stick" recovery would allow Airbus' COVID-hobbled supply chain to reset and prepare a more reliable catch-up from mid-decade.

☆ TomTom raises 2023 revenue outlook as automotive drives Q4 beat
▼ + stars: | 2023-02-03 | by ( Federica Mileo | ) www.reuters.com time to read: +1 min

Feb 3 (Reuters) - Dutch navigation and digital mapping company TomTom (TOM2.AS) raised its 2023 revenue forecast on Friday, after posting better-than-expected fourth-quarter revenue driven by strong automotive performance. After being hit by the global chip shortage that has disrupted the automotive and electronics industries, TomTom is now starting to benefit from the recovery in global car production. The Amsterdam-based firm, whose customers include Volkswagen (VOWG_p.DE) and Microsoft (MSFT.O), forecast revenue for the current fiscal year in a range of 540 million euros to 580 million euros ($588.33 million-$631.91 million), with free cash flow of between 0% and +5% of the revenue. The group had previously guided for a revenue of 500-550 million euros, with 425-475 million euros generated from its core location technology business, and free cash flow at breakeven. The company posted revenue of 139 million euros for the quarter ended Dec.31, beating company-compiled analysts' average forecast of 120 million euros.

☆ France's OVHcloud gets 200 mln euro EIB loan for European investments
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: 1 min

Nov 25 (Reuters) - The European Investment Bank has granted OVHcloud (OVH.PA) a 200 million euro ($208.18 million) loan to support the French software group's expansion in Europe, they said in a joint statement on Friday. The funding will support OVHcloud's plan to ramp up international development by opening 15 new data centres, of which 10 will be located in Europe, by the end of 2024. The loan is the first financing granted by the European Investment Bank to a pure cloud market player for a maximum amount, and is in line with the European Union's strategy to strengthen the continent's autonomy in new technologies, the EIB and OVHcloud said. ($1 = 0.9607 euros)Reporting by Federica Mileo in Gdansk; editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Caterer Sodexo sees rebound in 2023 to pre-pandemic levels
▼ + stars: | 2022-10-26 | by ( Federica Mileo | ) www.reuters.com time to read: +3 min

Sodexo's share price was up 2.7% by 0730 GMT to the highest level since March 2020, having gained nearly 20% this year. The Paris-based firm posted annual revenue of 21.1 billion euros ($21.1 billion), compared with 20.7 billion euros forecast by analysts polled by the company. After being hit by COVID-19 lockdowns, caterers are trying to renegotiate tariffs and supplier agreements as the sector faces soaring energy and food prices triggered by Russia's invasion of Ukraine, both major wheat exporters. It said revenue from its main on-site services unit reached 99% of its 2019 levels in the fourth quarter. Sodexo forecast organic revenue growth of between 8% and 10% for 2023, driven by further progress in new business and inflation, and underlying operating profit margin around 30%.

Voucher and card providers like Edenred stand to benefit from higher inflation as it can result in an increase in the maximum face value of employee benefit cards. The company last raised its EBITDA forecast in July to 770-820 million euros. "The current macroeconomic environment continues to favour Edenred", Berenberg's analyst Stuart Gordon says, adding he expects the shares to trade favourably on the back of the strong results and raised guidance. The group reported an operating revenue of 484 million euros in the third quarter, beating analysts' 465 million euro estimate in a company-provided consensus. Register now for FREE unlimited access to Reuters.com RegisterReporting by Federica Mileo and Diana Mandiá in Gdansk; editing by Milla Nissi & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Publicis hikes 2022 guidance once again after Q3 beat
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +2 min

Oct 18 (Reuters) - Publicis Groupe (PUBP.PA), the world's third-biggest advertising group, on Tuesday raised its full-year guidance for the second time this year, after posting better-than-expected third-quarter organic revenue growth. The company forecasts organic growth at 8.5% compared with 6%-7% previously and an operating margin rate close to 18%, up from 17.5% to 18%. "We are absolutely convinced that our clients, as we see every day, will continue to invest in their transformation, whether it be marketing or digital," Sadoun told journalists. Publicis saw its digital and data-driven businesses Sapient and Epsilon grow respectively 18.1% and 13.9% in the third quarter. Home to ad agencies Leo Burnett and Saatchi & Saatchi, the group posted a third-quarter organic growth of 10.3%, above analysts' estimate of 5.1% in a consensus provided by the company.

Oct 14 (Reuters) - Dutch navigation and digital mapping company TomTom (TOM2.AS) on Friday raised its 2022 outlook, as increased car production and higher location technology sales drove third-quarter results. It had previously guided for a revenue of 470-510 million euros, with 380-420 million euros generated from location technology. "Macroeconomic uncertainties and inflationary pressures have an impact on global car production as well as our cost levels," finance chief Taco Titulaer said in a statement. Still, quarterly sales were boosted by increased car production volumes in TomTom's core markets, the company said. The group's total revenue came in at 136.3 million euros, beating analysts' 126-million-euro estimate.

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