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Search resuls for: "Diana Mandia"


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☆ Catering group Sodexo targets operating margin above 6% in 2025
  + stars: | 2022-11-02 | by ( ) www.reuters.com   time to read: +1 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. REUTERS/Gonzalo FuentesNov 2(Reuters) - French catering and food services group Sodexo (EXHO.PA) on Wednesday forecast organic revenue growth of between 6% and 8% for fiscal years 2024-2025 and a margin above 6% in 2025, as it aims to refocus on food services and accelerate growth in its voucher business. One of the world's biggest catering companies alongside Britain's Compass (CPG.L), Sodexo said it expected its voucher business to deliver low-double-digit organic revenue growth for fiscal 2024 and 2025 and an underlying operating profit margin exceeding 30% in 2025. The group had decided not to open the voucher division to external capital in May. Reporting by Diana Mandiá in Gdansk; editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.
☆ Hotel group Accor continues post-COVID recovery after a 'gorgeous' summer
  + stars: | 2022-10-26 | by ( Diana Mandia Dina Kartit | Diana Mandia | Dina Kartit | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Q3 RevPar up 14% from same period in 2019Average pricing in Q3 was 23% above 2019 levelDemand in Asia will "correct itself"Oct 26 (Reuters) - Europe's biggest hotel group Accor (ACCP.PA) reported higher than expected third-quarter revenue per available room (RevPAR) on Wednesday, continuing a sharp improvement in activity since the start of the year after a "gorgeous" summer season. U.S. tourists travelling to Europe took advantage of the dollar's strength against the euro and other currencies, Chief Financial Officer Jean-Jacques Morin said on a call with journalists. Accor's average pricing in the third quarter has been 23% above 2019 levels, the CFO said, adding the capability to earn more fees through inflation needed to be accounted for. However, the situation in Asia will "correct itself", with recovery in China and Southeast Asian countries next year possibly making a difference to the group's performance, Morin added. ($1 = 0.9930 euros)Reporting by Diana Mandia and Dina Kartit; Editing by David Holmes, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ France's Edenred expects annual core profit to grow by more than 12% over 2022-2025
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: 1 min
Oct 25 (Reuters) - French vouchers and cards provider Edenred (EDEN.PA) said on Tuesday it expects like-for-like annual growth of more than 12% in its core profit for the next three years and to boost revenue to as much as 5 billion euros ($4.9 billion) by 2030. The revenue target would be more than triple the 1.63 billion the company reported last year. The forecasts came as the company, which helps other companies manage staff expenses and benefits and is known for its "Ticket Restaurant" vouchers, outlined its strategic plan for the period 2022-2025. ($1 = 1.0129 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Diana Mandiá in Gdansk; editing by Josephine Mason, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
☆ Voucher group Edenred raises profit outlook again as inflation drives growth
  + stars: | 2022-10-20 | by ( Federica Mileo Diana Mandia | Federica Mileo | Diana Mandia | ) www.reuters.com   time to read: +2 min
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.
☆ Just Eat delivers Q3 profit as cost cuts outweigh lower order volumes
  + stars: | 2022-10-19 | by ( Diana Mandia Dagmarah Mackos | Diana Mandia | Dagmarah Mackos | ) www.reuters.com   time to read: +4 min
A Just Eat delivery man rides his bicycle in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 16, 2021. The group last posted an underlying profit in the second half of 2020, said Clement Genelot, analyst at Bryan Garnier. Shares in the company see-sawed in early trade as investors weighed the return to profitability against concerns about falling orders. As part of the cost cutting measures, Groen said the company has introduced a hiring freeze. Just Eat is looking to expand its networks to include deliveries of other products and is currently exploring a number of pilot schemes, Groen said.
☆ Just Eat Takeaway makes profit in Q3 on cost cutting drive
  + stars: | 2022-10-19 | by ( Diana Mandia Dagmarah Mackos | Diana Mandia | Dagmarah Mackos | ) www.reuters.com   time to read: +1 min
A Just Eat delivery man rides his bicycle in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 16, 2021. REUTERS/Eric Gaillard/File PhotoOct 19 (Reuters) - Just Eat Takeaway.com (TKWY.AS), Europe's largest meal delivery company, said on Wednesday it made an underlying profit in the third quarter, sooner than expected, after cutting expenses on delivery costs and operations. The group said in September it expected to have positive earnings before interest, taxes, depreciation and amortisation (EBITDA) in the second half of the year. The company will hold an extraordinary shareholders meeting on Nov. 18 to vote on the deal worth $1.8 billion, it said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Diana Mandiá and Dagmarah Mackos; editing by Josephine Mason and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
☆ Bread prices jump by nearly a fifth in EU, Eurostat says as war in Ukraine weighs
  + stars: | 2022-09-19 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterIn August 2021, the average price of bread rose 3% year-on-year, Eurostat said. Hungary and Lithuania saw highest annual changes in average bread price in August, with increases of 66% and 33% respectively. Bread prices have risen consistently in the EU this year, from an average of 8.3% in February, when Russia launched what is calls its "special military operation" in Ukraine. Combined prices of bread and cereals increased by 16.6% in August, their highest rise since at least January 1997. Register now for FREE unlimited access to Reuters.com RegisterReporting by Diana Mandiá in Gdansk; editing by Milla Nissi and David EvansOur Standards: The Thomson Reuters Trust Principles.
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