Services group Sodexo has reported a 46.3% increase in adjusted net income from continuing operations to 496 million euros, and a 40 basis point improvement in its operating margin to 5.1%, for its first half-year ended February 31.

At 12.1 billion euros, sales rose by 4.5% overall and 8.5% organically, half of which was driven by higher prices, the other half by the contribution of new contracts and higher volumes on existing sites.

For the current fiscal year, Sodexo now anticipates organic sales growth at the top end of the +6 to +8% range, and confirms that it expects to increase its operating margin by between +30 and +40 basis points at constant exchange rates.

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