Sodexo SA\u2019s revenue rose 7.1% in the first quarter of fiscal 2020 as the Rugby World Cup helped buoy growth.<\/p>\n
The French food-services and facilities company
Excluding the Rugby World Cup, revenue growth would have been 2.3%, with the event helping offset the exit of a health-care contract in North America, the company said.<\/p>\n Sodexo backed its fiscal 2020 guidance for organic revenue growth of about 4%, with stable underlying operating margins excluding the impact of currencies or the implementation of the IFRS 16 accounting standard.<\/p>\n \t\t\t\t<\/p><\/div>\n [ad_2]
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\n SW, +2.48%<\/span><\/a><\/span>
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\n \u00a0said Thursday that revenue in the period totaled 6.08 billion euros ($6.75 billion), up from EUR5.67 billion in the same period last year. On an organic basis, revenue rose 3.8%.<\/p>\n
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