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Sodexo beats expectations, signals progress in turnaround

By Reuters News

Oct 23 (Reuters) - Sodexo EXHO.PA reported stronger than expected full-year revenue on Friday, helped by resilient demand, a sign that the French food caterer's recovery is steadily gaining traction.

Revenue in the fiscal year ended in August reached €23.96 billion ($26.86 billion) on an organic growth of 2.0%. Analysts had expected on average €23.78 billion on an organic growth rate of 1.5%, according to a consensus poll compiled by the company.

($1 = 0.8920 euros)

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