Sodexo Cuts FY Outlook, Profit Halves

Sodexo SA cut FY organic revenue growth forecast to 0.5‑1% from 1.5‑2.5% after H1 results.
H1 net profit fell 57% to €188 million, underlying operating profit dropped 32% to €442 million, margin fell 140 bps to 3.7%.
Net debt rose to €3.582 billion, pushing net‑debt/EBITDA to 2.7×, above the 1‑2× target range.
CEO Thierry Delaporte cited under‑investment and execution issues, with pricing up 2.4 pp and contract losses in North America.