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Catering group Sodexo says H2 sales may plunge 26% on coronavirus, income to take big hit

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French catering and food services group Sodexo on Thursday said it estimated a 25 per cent revenue hit in the second half of its 2020 financial year, compared to the previous year, with its clients compelled to shut or scale down activities worldwide due to the coronavirus outbreak.

[BENGALURU] French catering and food services group Sodexo said on Thursday that second-half revenue could tumble as much as 26 per cent due to government measures to contain the coronavirus, which will likely batter underlying operating income.

The revenue slide in the second half could...

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