Sodexo S/Adr (SDXAY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Thank you for standing by and welcome to Sodexo's first half fiscal 2025 results conference call. After the presentation, there will be an opportunity to ask questions by pressing star and one at any time. I advise that this conference is being recorded today, Friday, on the 4th of April, 2025. I would now like to hand the conference over to the Sodexo team. Please go ahead. Good morning, everyone. Thank you for joining us today. I'm Juliette Klein, Head of Investor Relations, and I'm pleased to welcome you on our H1 Fiscal 2025 Results Call. On the call today is Chairwoman and CEO Sophie Bellon and CFO Sébastien Dutra-Mazur to take us through the presentation. After their remarks, we'll open the line for questions. We'll ask you to please limit yourselves to two questions and one follow-up. The press release is available on FedExo.com. Please note that this call is being recorded and may not be shared without our consent. Just a reminder that our next announcement will be the Q3 figures on July 1st. Please reach out to the IR team if you have any questions after the call. With that, I now hand over to Sophie. Thank you very much, Juliette. Thank you for joining us today. Just two weeks ago, we shared our preliminary H1 results and revised our full year guidance. We recognize them and reiterate today that some of our initial assumptions have not played out as expected. Today, we want to provide further clarity on what has changed and why we remain confident in our strategy. When we started the year, we believed there was a clear path to achieving our targets. This was based on strong commercial momentum, expected volume growth, and the wrap-up of key contracts. Several factors, however, did not materialize as we anticipated. Upon receiving particularly ...