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☆ France's Farmer Lobby Turns up Heat on Government Before Talks
▼ + stars: | 2024-01-22 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +3 min

Farmers cite a government tax on tractor fuel, cheap imports, water storage issues, price pressures from retailers and red tape among their grievances. France's largest farm union FNSEA has said it is considering nationwide protests in the coming weeks. Farming policy has always been a sensitive issue in France, the European Union's biggest agricultural producer, with thousands of independent producers of wine, meat and dairy. President Emmanuel Macron is wary of farmers' growing support for the far-right ahead of the European Parliament elections in June. Fearing a spillover from farmer protests in Germany, Poland and Romania, the government has withdrawn a draft farming law planned for debate this week and invited farming representatives for talks, starting on Monday afternoon.

Persons: Nicolas Delame PARIS, Arnaud Gaillot, I'd, FNSEA, Arnaud Rousseau, Emmanuel Macron, Gaillot, Rousseau, Gabriel Attal, Marc Fesneau, Fesneau, Nicolas Delam, Diana Mandia, Tassilo Hummel, Ros Russell Organizations: Young Farmers, France, Farmers, France Inter, Farming, Midi Libre Locations: Europe, France, Germany, Poland, Romania

The logo of payments company Worldline is seen at the company headquarters in the financial and business district of La Defense, near Paris, France, October 26, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsLONDON/PARIS, Dec 1 (Reuters) - French digital payments company Worldline (WLN.PA) is considering options including asset sales as part of efforts to reassure shareholders after a sharp drop in its share price, three people familiar with the matter said. Another said assets sales may come from its software businesses but suggested these might not be sizeable enough to revitalise its shares. Other French banks could also partner with Credit Agricole for a role in Worldline's future, this person added. Bloomberg first reported Credit Agricole's interest in buying a stake in Worldline, prompting its shares to soar by almost 12% earlier on Friday.

Persons: Gonzalo Fuentes, Worldline, Adyen, Tommaso Nieddu, Amy, Jo Crowley, Mathieu Rosemain, Pablo Mayo Cerqueiro, Diana Mandiá Álvarez, Gaëlle Sheehan, Kirsten Donovan Organizations: La Defense, REUTERS, Worldline's Mobility, Worldline, Credit Agricole SA, Credit Agricole, Bloomberg, Credit, Thomson Locations: La, Paris, France, PARIS, Germany, appeasing, Worldline's, U.S, Worldline

Signify's shares rose 5.6% to 28.16 euros at 1110 GMT on Friday, among top performers on Europe's benchmark STOXX 600 index (.STOXX). Signify did not disclose how many people would be affected by the revamp, but reiterated its aim to keep non-manufacturing costs within 25%-29% of sales. In the third quarter, its adjusted indirect costs as a percentage of sales increased by 160 basis points to 30.2%. "The new segment structure will also improve the disclosure and bring Signify closer to the customers, " it added. Signify's nominal sales fell by 13.8% in the third quarter hit by slow demand across its geographies, it said in October.

Persons: de, Eric Rondolat, Rondolat, Morgan, Diana Mandiá, Milla Nissi, Jane Merriman Organizations: REUTERS, Philips, Reuters, Thomson Locations: Eindhoven, Netherlands, China, Gdansk

☆ Most online hate targets women, says EU report
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Nov 29 (Reuters) - Women are the main targets of online hate, including abusive language, harassment and incitement to sexual violence, a European Union report said on Wednesday. The study was conducted on YouTube, Telegram, Reddit and X - formerly known as Twitter - in four EU countries between January and June 2022. It showed women were the main targets across all platforms and countries involved. "The sheer volume of hate we identified on social media clearly shows that the EU, its Member States, and online platforms can step up their efforts to create a safer online space for all," FRA director Michael O'Flaherty said in a statement. Tech giants have been facing mounting scrutiny recently, with a surge in harmful content and disinformation following the Israel-Hamas war.

Persons: Michael O'Flaherty, Diana Mandiá, Milla Nissi, Angus MacSwan Organizations: EU's Agency, Fundamental Rights, YouTube, EU, EU's Digital Services, European Commission, Facebook, Tech, Thomson Locations: Roma, Bulgaria, Germany, Italy, Sweden, Israel, Gdansk

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. It is also in advanced negotiations with Kretinsky's EP Equity Investment (EPEI) vehicle to "modify and simplify" some terms of its proposed 2 billion euro ($2.11 billion) sale of Tech Foundations, the group said. AlphaValue analyst Helene Coumes attributed the drop to "the endless uncertainty on the deal on Tech Foundations, the financing issues and how the change of some terms of the agreement will be favorable for the minority shareholders". The Tech Foundations deal would also see Kretinsky take a 7.5% stake in the group's cybersecurity unit Eviden, which is what would be left of Atos. Reporting by Diana Mandiá; Editing by Kirsten Donovan, Robert Birsel and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Daniel Kretinsky, Helene Coumes, Atos, Diana Mandiá, Kirsten Donovan, Robert Birsel, Jan Harvey Organizations: REUTERS, Tech Foundations, Kretinsky's, Equity Investment, Tech, Thomson Locations: Nantes, France, Czech, Atos

☆ European mobile data traffic to triple by 2028 -GSMA
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +2 min

The GSMA, which brings together more than 1,000 mobile phone operators and businesses, said 5G subscribers were interested in adding high-bandwidth services and content to their mobile contracts, as demand for high-quality gaming, extended reality, and video content grows. Mobile data traffic per smartphone will increase in Western Europe to 56 gigabytes (GB) per month in 2028, compared with 20 GB last year. In Central and Eastern Europe, it will rise to 37 GB per month from 14 GB in 2022, the lobby group said in its annual mobile economy report. More than 460 million Europeans, or 85% of the population, were connected to mobile internet in 2022, according to the GSMA. ($1 = 0.9168 euros)Reporting Diana Mandiá, editing by Milla Nissi and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, GSMA, We're, Daniel Pataki, Diana Mandiá, Milla Nissi, Emelia Organizations: Soccer Football, FIFA, Qatar, REUTERS, Telecom Italia, Big Tech, Netflix, Microsoft, European Commission, Reuters, Thomson Locations: France, Argentina, Paris, Mobile, Western Europe, Central, Eastern Europe, Orange, Europe

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsOct 26 (Reuters) - Europe's biggest hotel group Accor on Thursday raised its core profit target for 2023 for the second time this year, citing positive business momentum in all of its markets after another strong post-pandemic summer. The sector continues to benefit from the leisure travel boom despite inflation and the resurgence of recession fears in Europe. It was also boosted by the Rugby World Cup, particularly in cities where hotel supply is more limited, such as Lille and Nantes, Accor said. The group now expects core earnings (EBITDA) of between 955 million euros and 985 million euros for 2023, up from a previous forecast of between 930 million euros and 970 million euros, which was already upgraded in July. It also raised its forecast for growth in RevPAR in 2023 and now expects it to slightly exceed 20%.

Persons: Sarah Meyssonnier, Novotel, Accor, Martine Gerow, Diana Mandiá, Susan Fenton, David Holmes, Sharon Singleton Organizations: REUTERS, Rugby, Lille, Thomson Locations: Issy, Paris, France, Europe, That's, Nantes, Jerusalem, Tel Aviv, RevPAR

☆ Planisware shares priced at 16 euros in Euronext's biggest IPO in two years
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

The Euronext stock exchange is pictured at the La Defense business district in Paris, France, September 30, 2022. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsOct 11 (Reuters) - French software company Planisware has priced its shares at 16 euros ($16.97) each for its initial public offering announced last week, a bookrunner said on Wednesday, making it the largest IPO on Euronext Paris in the last two years. The IPO aims to "strengthen Planisware’s position across strategic markets by increasing its market visibility and brand awareness." The group previously said it aimed for a valuation of between 1.11 billion euros ($1.17 billion) and 1.25 billion euros, with a price bracket of 16 to 18 euros per share. The company's shares are due to begin trading on Oct. 16 on Euronext Paris.

Persons: Benoit Tessier, Nathan Vifflin, Diana Mandià, Alison Williams, Louise Heavens Organizations: La Defense, REUTERS, Euronext Paris, Airbus, Philips, Ford, Pfizer, Thomson Locations: Paris, France, Planisware

☆ France's Planisware IPO aims for 1.11 bln-1.25 bln euro valuation
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

Oct 2 (Reuters) - French software company Planisware launched on Monday an initial public offering aiming for a valuation between 1.11 billion and 1.25 billion euros, as part of its aim to become the top provider of software solutions for project portfolio management. The group said 15.1 million shares will be sold, priced between 16 and 18 euros each, and it hoped to raise 241 million euros ($254.52 million) from the share sale. "We strongly believe that this IPO (...) will give us the means to achieve our ambition to be the number one provider of multi-specialty project and portfolio management software solutions," Planisware Co-Founder and Chairman Pierre Demonsant said in a statement. The pricing of the offering is expected to take place on Oct. 11. ($1 = 0.9469 euros)Reporting by Diana Mandiá and Stéphanie Hamel; Editing by Jamie Freed and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Planisware, Pierre Demonsant, Diana Mandiá, Stéphanie Hamel, Jamie Freed, Bernadette Baum Organizations: Thomson

REUTERS/Angus Mordant/File Photo Acquire Licensing RightsNEW YORK, Sept 19 (Reuters) - A federal judge on Tuesday said DoorDash (DASH.N), Grubhub (TKWY.AS) and Uber Eats (UBER.N) can sue New York City over a law capping how much they can charge restaurants for delivering meals. "Good news from New York City," CEO of Grubhub's parent company Just Eat Takeaway, Jitse Groen, wrote on X, formerly known as Twitter. Woods said the plaintiffs adequately alleged that the law unconstitutionally interfered with their ability to collect higher commissions under their contracts with restaurants. The plaintiffs have said commission caps would necessitate higher delivery fees, resulting in higher prices for consumers and less revenue for restaurants. The case is DoorDash Inc et al v City of New York, U.S. District Court, District of New York, No 21-07564.

Persons: Angus Mordant, DoorDash, Gregory Woods, Nicholas Paolucci, Grubhub, Jitse Groen, Woods, Jonathan Stempel, Diana Mandiá, Mark Potter, Timothy Gardner Organizations: REUTERS, New, Constitution, New York, City Council, Council, Twitter, Thomson Locations: Manhattan , New York, U.S, New York City, Manhattan, New York, Amsterdam, San Francisco, City of New York, Gdansk

SummaryCompanies Order intake down 8% in April-June periodQ2 EBITA 453 mln eur vs forecast 394 mln2023 EBITA margin now seen at upper end of provided rangeShares fall 5%July 24 (Reuters) - Health technology group Philips (PHG.AS) posted a fourth straight drop in order intake on Monday and warned that it expects global market conditions to remain highly uncertain, sending its shares down 5% from a recent 12-month high. The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, said order intake had decreased 8% in the April-June period, the fourth quarterly fall in a row. Philips generates 15% of group sales in the People's Republic. New licensing requirements for its healthcare products in Russia were responsible for half the quarterly order decline, Jakobs said. ($1 = 0.8992 euros)Reporting by Diana Mandiá; Editing by Kirsten Donovan and David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Roy Jakobs, Jakobs, Philips, Abhijit Bhattacharya, Diana Mandiá, Kirsten Donovan, David Holmes Organizations: Health, Philips, European Union, ING, Thomson Locations: Amsterdam, United States, China, East, Turkey, Latin America, People's Republic, Russia, Ukraine

☆ French car maker Renault first-half sales jump 13%
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +1 min

Companies Renault SA FollowJuly 19 (Reuters) - French car maker Renault (RENA.PA) on Wednesday said its worldwide sales rose 13% in the first six months of the year, with a 24% increase in Europe. The rebound in sales comes after four consecutive years of declines. Renault's order backlog in Europe represented 3.4 months of sales at the end of June 2023 and it should remain above the target of 2 months throughout the year, even with a market down 30% compared with 2019, the car maker said. Alpine, Renault's premium sports brand relaunched in 2017, sold more than 1,800 units in the same period, with registrations up by 9%, helped by the launch of the Alpine A110 San Remo 73 and the Alpine A110 R Le Mans. Reporting by Diana Mandiá, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Diana Mandiá, Silvia Aloisi Organizations: Renault SA, Renault, Remo, Thomson Locations: Europe, Dacia, Russia

☆ Renault Dacia sales surge 24% in first-half, production issues linger
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

Despite improvements, supply-chain issues are lingering, reducing Morocco production of the Dacia Sandero city car by 20,000 during the period, an executive said. Dacia, which boasts best-sellers such as the Sandero and is expanding its range of electric vehicles (EVs), sold 345,432 vehicles between January and June, the Dacia unit said in a statement. That compares to 277,885 units in the same period of 2022, which was heavily impacted by COVID-19 and component shortages. Sales of the Chinese-made Spring, one of the most affordable electric models on the French market, soared by 38%, while sales of the Sandero were up 24%. I don't know because we cannot still build all the cars we want to build," he said.

Persons: Xavier Martinet, Diana Mandiá, Conor Humphries Organizations: Renault SA, European Union, Thomson Locations: Dacia, French, Morocco, Dacia Sandero

☆ Sodexo raises outlook for voucher business a second time
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

June 30 (Reuters) - French catering and food services group Sodexo (EXHO.PA) on Friday raised the full-year outlook of its voucher business for the second time this year as it benefits from companies' attempts to get employees back to the office. Employers have also turned to companies like Sodexo to offer vouchers to staff to help them cope with the rising cost of living. Sodexo last raised its forecast for the voucher business in April, targeting organic growth close to 20% and an operating margin near 32%. Sodexo also tweaked the group's full-year outlook, seeing an underlying operating margin of 5.5%, versus "close to" 5.5% previously. Total group revenue was 6.03 billion euros ($6.55 billion) in the third quarter, slightly ahead of the 6.02 billion euros expected by analysts polled by the company.

Persons: Sophie Bellon, Bellon, Sodexo, Diana Mandiá, Milla Nissi, Jane Merriman Organizations: Employers, Thomson Locations: Gdansk

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

April 5(Reuters) - French catering and food services group Sodexo (EXHO.PA) plans to spin off and list its Benefits & Rewards Services (BRS) business during 2024, it said on Wednesday, as it focuses on divisions that serve faster-growing markets. The BRS business reported a core profit of 162 million euros ($177 million) in the first half of 2023, up 46.4% from a year ago excluding currency impacts. Core profit for the group was 704 million euros, beating analysts' average forecast of 679 million euros, according to a company-compiled consensus. Price increases will remain above 5% in the second part of 2023, Sodexo said. It also raised its full-year forecast for its BRS business, targeting organic revenue growth of close to 20% and an underlying operating profit margin of close to 32%.

☆ Sodexo to spin-off Benefits & Rewards Services business
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

April 5(Reuters) - French catering and food services group Sodexo (EXHO.PA) plans to spin-off and list its Benefits & Rewards Services (BRS) business during 2024, it said on Wednesday. The move will leave its two main businesses better placed to benefit from fast growing markets, the company added. Sodexo, which last May scrapped a plan to sell a minority stake in BRS, said it now plans to spin off and list BRS by distributing shares in the business to Sodexo shareholders. The business, which delivers vouchers and benefit cards to businesses for employees, reported a core profit of 162 million euros ($177 million) in the first half of 2023, 46.4% up from a year ago excluding currency impacts. Core profit for the group was 704 million euros, beating analysts' average forecast of 679 million euros, according to a company-compiled consensus.

☆ Threats towards women deter political involvement - UN
▼ + stars: | 2023-03-08 | by ( Dina Kartit | ) www.reuters.com time to read: +2 min

March 8 (Reuters) - Violence and threats towards women still act as a deterrent to their involvement in politics, the U.N. gender equality organisation said, despite more women holding office. Data showed that the number of women in political leadership posts, both in government and in parliament, has improved overall, though, some regions such as the Middle East and North Africa lagged far behind. "Full democracy needs the equal participation of women in all its processes," the U.N. body added in its report on Tuesday, ahead of International Women's Day. The organisation's data also showed the global average number of women in national parliaments had inched up to 26.5% as of Jan 1., from 25.5% a year ago. The region grouping the Middle East and North Africa remained at the bottom of the regional ranking with fewer than 18% of female members of parliament, the U.N. Women's data showed.

☆ Signify ups 2023 view on profitability margin, skips sales outlook
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

Jan 27 (Reuters) - Signify (LIGHT.AS), the world's largest lighting maker, said on Friday it expects operating profitability to be in the range of 10.5%-11.5% in 2023, but did not give any outlook on sales, citing volatility in the current macroeconomic environment. Signify had earlier this month cut its full-year forecast for both profit margin and sales growth, citing a steeper-than-expected slowdown in China. The Eindhoven, Netherlands-based company had then forecast margin on earnings before interest, taxes and amortisation (EBITA) of about 10% for both the fourth quarter and the year. Signify, the former lighting arm of Philips, on Friday posted adjusted earnings before interest, taxes and amortisation (EBITA) margin of 10.1% for 2022 and comparable sales growth of 1.2%, in line with the profit warning. Reporting by Diana Mandiá; Editing by Jacqueline Wong and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

☆ EU tourist stays neared pre-pandemic levels in 2022 - Eurostat
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

Jan 18 (Reuters) - The number of nights spent in tourist accommodation in the European Union in 2022 approached pre-pandemic levels, the bloc's statistics office Eurostat said on Wednesday, confirming the sector's recovery path after the COVID-19 pandemic. The 27-nation bloc recorded 2.72 billion nights spent in tourist accommodation last year, down by only 5.6% from 2019 levels, before COVID-19 inflicted heavy losses on the tourism industry due to border closures and lockdowns. This number is an increase of 91.1% and 48.3% from 2020 and 2021 levels, respectively. Domestic travel saw the strongest recovery, already exceeding pre-pandemic levels by 0.7% to 1.53 billion nights, while international tourism was still 12.6% below at 1.19 billion nights. Latvia and Slovakia were among the slowest recovering countries in terms of tourist night numbers in 2022, only recovering to slightly above 70% of 2019 levels.

☆ EU's Nov 2022 excess deaths drop sharply from 2020/21 peaks - data
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

The EU's excess mortality rate measures the increase in total number of deaths, from any cause, compared with the same month in previous years. The November 2022 rate of 6.7% was a fall from 10.6% in October, and was almost in line with monthly averages for 2016-2019, Eurostat said. In 2022, a peak was reached in July at 16.8%, likely due to extreme heatwaves which hit parts of Europe and led to thousands of heat-related deaths, Eurostat said. The excess mortality rate in November 2022 varied across the EU, with Slovakia (-1.6%), Bulgaria (-2.6%), Romania (-6.2%) and Italy (0.5%) recording little or no excess deaths. Cyprus, Finland and Germany recorded excess mortality rates of 23.8%, 20.5% and 15.6% respectively in November, Eurostat said.

☆ Two investors opposed to debt plan call for Orpea shareholder meeting
▼ + stars: | 2022-11-09 | by ( Andreas Rinke | Christina Amann | ) www.reuters.com time to read: +2 min

Nov 9 (Reuters) - Two shareholders that together own more than 5% of France's Orpea (ORP.PA) have called for a shareholder meeting at the beleaguered care homes group as they try to rally opposition to its planned debt restructuring plan. "An unprecedented shareholder ruin is now emerging", family-owned Mat Immo Beaune and investment group Nextstone said in a letter sent to Orpea on Tuesday and reviewed by Reuters. Orpea said in June an independent audit had found evidence of financial wrongdoing, and in October warned of asset impairments and said it had requested talks with creditors. French media outlet l'Agefi on Monday reported ESG-driven fund Mirova had sold its 4% stake in Orpea. Shares in Orpea, which have lost 90% of their value this year, were down 2% at around 1100 GMT.

☆ Care homes group Orpea's revenue boosted by growth outside of France
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Following a decline between January and April, the group said the occupancy rate in its French retirement homes reached an average of 85.4% in the third quarter. This was an increase of 0.9 percentage points from the prior quarter, but down around 1.5 points on the year. In Orpea's largest region covering France, Benelux, Britain and Ireland, quarterly revenue increased by 1.6% organically. Meanwhile, Central Europe saw 5.3% organic revenue growth, Eastern Europe grew by 10.1%, and Orpea's smallest Iberia and Latin America region posted 17.7% growth. The first meeting with Orpea's unsecured debt holders will be held on Nov. 15, when the company will also present its transformation plan.

☆ Mobile provider Veon's Q3 revenue rises 3.6% despite geopolitical challenges
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Amsterdam-listed telecoms operator Veon (VON.AS) on Thursday reported a 3.6% year-on-year rise in third-quarter revenue, as its 4G penetration and digital operator strategy continued to deliver growth despite macroeconomic and geopolitical challenges. "Growth in subscribers, higher 4G penetration, and an expanded portfolio of digital services are driving solid revenue performance across our countries", CEO Kaan Terzioglu said in a statement. It also further strengthened its liquidity position, with $3.3 billion in cash at the end of the quarter, the group said. Russia, Veon's largest market, reported a revenue decrease of 6.1% year-on-year in local currency in the quarter, impacted by a 58.5% decline in equipment revenue due to lower device sales. Reporting by Diana Mandiá in Gdansk; Editing by Muralikumar Anantharaman and Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Sodexo sees demand for catering and vouchers lifting margins
▼ + stars: | 2022-11-02 | by ( Diana Mandia | ) www.reuters.com time to read: +2 min

[1/2] The logo of French food services and facilities management group Sodexo is seen at the company headquarters in Issy-les-Moulineaux near Paris, France, March 18, 2016. The company delivered a 5% margin in its last fiscal year and last week forecast an increase to 5.5% for 2022-2023. B&R will target capital spending close to 10% of revenue per year between 2022 and 2025, Sodexo said. Sodexo, whose businesses also include workplace design, sterilization of medical devices, reception and cleaning services, said it would step up its focus on food services as rising inflation leads more companies to outsource catering. However, Sodexo forecast organic sales growth of between 6% and 8% for fiscal 2024-2025, lower than its forecast of 8% to 10% for 2022-2023.

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