French catering and site facilities company Sodexo followed its warning Wednesday of a fall in revenue by highlighting that its food service clients in Europe are continuing to downsize, even amid reports the euro zone has returned to growth.
In particular, business in France and the Netherlands is "very tough" as companies are attempting to rationalize and boost their own competitiveness, group chief financial officer, Sian Herbert-Jones told CNBC Thursday.
Read MoreInvestors shrug off strong euro fears
"In terms of some of our larger contracts, it is proving to take time to implement and transition larger contract deals, in whatever geography," Herbert-Jones said.