French food caterer Sodexo EURONEXT:SW raised its full-year organic revenue growth forecast on Thursday, citing stronger-than-expected third-quarter performance.
It now expects organic revenue growth between 1.2% and 1.5%, instead of its previous projection of 0.5% to 1%.
Sodexo's revenue rose 2% to €6.17 billion ($7.03 billion) in the third quarter, surpassing the €6.04 billion expected in a company-compiled consensus.
The group lowered its forecasts in April from the previously expected organic revenue growth of 1.5%-2.5%.
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