International. The French group Sodexo announced that due to the current complicated economic situation of some Latin American countries, mainly Brazil and Chile, as well as Europe, it has decided to reduce its annual sales targets for 2015. However, the company said it is confident of meeting its medium-term goals.
Michel Landel, Chief Executive of Sodexo, said he does not foresee an improvement in brazil's situation this year, where the economic crisis forced customers to reduce their expenses. For its part, changes in the Chilean tax system have led companies to diversify the contracting of suppliers, which caused Sodexo to lose important contracts.
Given the above, the new sales forecast places expectations around an increase of 2.50%, a decrease of 0.50% compared to the previous forecast that calculated an increase in revenue of around 3% for the fiscal year.
Despite the above, Sodexo was satisfied with the figures reached from September 2014 to May 31, a period during which the company achieved a growth in sales of 2.20% reaching a figure of US $ 16,700 million.
