Vaccine rollouts have accelerated Sodexo’s pandemic recovery
Following the onset of the COVID-19 (coronavirus) pandemic in 2020, Sodexo SA (Sodexo) lost a reported $2.0 billion in revenue as the food services and catering company was affected by closures and restrictions. However, the company is expected to recover in 2022 following the vaccine rollout and easing restrictions, bringing recent results above previous expectations.
COVID|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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