France's Sodexo to spin off its voucher business

📆 05/04/2023 13:15:00
📰 Reuters

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French catering and food services group Sodexo plans to spin off and list its voucher business during 2024, it said on Wednesday, sending its shares up as much as 11.2% to top the pan-European STOXX 600 index .

said it expected to accelerate profit growth over the next three years as companies use its meal tickets and fuel cards to help staff cope with inflation.

The BRS business reported a core profit of 162 million euros in the first half of 2023, up 46.4% from a year earlier excluding currency impacts. The company said it expected organic revenue growth of close to 11% in fiscal 2023, compared with its previous forecast of 8% to 10%.

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Sodexo to spin-off Benefits & Rewards Services businessFrench catering and food services group Sodexo plans to spin-off and list its Benefits & Rewards Services (BRS) business during 2024, it said on Wednesday. 💳 ~ 🌯 .. Does Sosexo® still exist?! ..😮 ..Benefits and Rewards?! ..🤣 ..The last time I used a Sodexo card💳 it was to buy a burrito 😋 around the corner ..😒
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