Sodexo Cuts FY Guidance, Profit Falls 57%

Sodexo reported first‑half underlying operating profit of €442 million, down 32% YoY and missing overall consensus estimates by 19%.
Net profit halved to €188 million; basic EPS fell to €1.29 and underlying EPS to €1.96, both below estimates.
Full‑year organic revenue growth now guided at 0.5‑1% and operating margin at 3.2‑3.4%, a ~30% EPS cut to consensus.
Net debt rose to €3.58 billion (2.7× EBITDA), breaching the 1‑2× target; North America margins fell to 5% in the first half.