Sodexo eyes further sales and profit growth

PARIS: French catering-to-vouchers group Sodexo said its cost savings programme was on track and was confident of further sales and profit growth in the current fiscal year despite a challenging environment.

Sodexo, the world’s second-biggest catering services company after Compass Group, also expected its “remote sites” business – which provides services on oil platforms and mining sites – to pick up in the second half of the year as the broader commodity sector shows signs of recovering from tough market conditions caused by pressure on oil and metal prices.