"In terms of margins we have passed the turning point and are now on an upward trajectory," Chief Executive Philippe Guillemot said.

The company, which issued several profit warnings over the last year, reported a 1.1% rise in nine-month revenue to 3.85 billion euros ( £3.44 billion ), with a 0.8% decline in organic sales.

For the third quarter, the Paris-based caterer reported revenue of 1.25 billion euros, with a 1.3% decline in organic revenues.

(Reporting by Pawel Goraj in Gdynia; Editing by Tomasz Janowski)