$SW (-1,38%) The Executive Board had already reduced the forecast for the full FY in March. The forecast for organic sales growth was lowered from 5.5 - 6.5% to 3-4%. The operating margin was lowered from 30 - 40 basis points to 10 - 20 bp.
The figures now published for the full financial year 2024/25 as at 31.08.2025 are at the lower end of the lowered forecast. Organic sales growth amounts to 3.30% and the margin increased by 10 bp.
Organic sales growth of only 1.5 - 2.5% is expected for 2026, with margin growth of 10 bp.
Sodexe's share price fell when the results and forecasts were announced. Even before the results were published, the company announced on October 8 that it was restructuring its top management. The chairwoman of the family company will step down and make way for a new chairman. In my opinion, the forecasts for FY 2025/26 show that the company has reached its limits with its current focus and that new directions are needed.
The press release states: "The appointment of Thierry Delaporte
is the result of a cooperative and structured process. Thierry Delaporte has proven to be the
best leader to drive Sodexo's next phases of growth. He has extensive experience in the management of international
international and people-intensive businesses, combined with a deep understanding of the US market,
a proven track record of delivering strong and profitable growth and a strong alignment with Sodexo's values.
We would like to express our sincere gratitude to Sophie for her decisive actions over the past years."