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Sodexho reports revenue growth in the first quarter 2005-2006:+8.7%, with organic growth at +5.1%
1/11/2006
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- Accelerating organic growth: + 5.1%
- Significant contribution of Healthcare and Seniors (+ 8.1%) to Food and Management Services
- Continued strong growth in Service Vouchers and Cards activity: + 18.6 %
Paris, January 11, 2006. SODEXHO ALLIANCE (Euronext Paris FR0000121220 - SW / NYSE:SDX), the leading global provider of food and management services, today announced consolidated revenues for the first quarter of fiscal 2006 ended November 30, 2005.
Revenues by activity (in IFRS)(1) | ||||||
In millions of euro | Q1 Fiscal 2005 | Q2 Fiscal 2006 | Organic growth(2) | Currency impact | Acquisitions | Total change |
Food and Facilities Management services: | 3027 | 3277 | 4.8% | 3.4% | 0.1% | 8.3% |
- North America | 1403 | 1527 | 3.6% | 5.3% | - | 8.9% |
- Continental Europe | 1020 | 1077 | 5.5% | -0.1% | 0.2% | 5.6% |
- United Kingdom and Ireland | 324 | 333 | 1.4% | 1.3% | - | 2.7% |
- Rest of the World | 280 | 340 | 12.3% | 9.1% | - | 21.4% |
Service Vouchers and Cards | 64 | 83 | 18.6% | 9.4% | - | 28.0% |
Elimination of intragroup revenues | -1 | -2 | ||||
TOTAL | 3090 | 3358 | 5.1% | 3.5% | 0.1% | 8.7% |
(1) Based on the conversion of financial statements in IFRS, currently being finalized.
(2) Organic growth: increase in revenues at constant consolidation scope and exchange rates.
For the first time, revenues are reported in accordance with International Financial Reporting Standards (IFRS) and the figures for the same period of the previous fiscal year have been restated on a comparable basis (see Annex 1).
For the first quarter of fiscal 2006 revenues increased by 8.7%. Organic growth was 5.1%. The exchange rate impact was favorable (+3.5%) for the first time in three years.
20 % of consolidated revenues come from services other than food.
Commenting on the first quarter revenues, Michel Landel, Chief Executive Officer of SODEXHO ALLIANCE, said: “ Despite the slowdown in growth in North America following the hurricanes at the beginning of the first quarter, our performance is satisfactory and in line with our objectives for the full year ”.
To read the full text , please download the press release in pdf below.
Download the presentation Download annex 1 Download annex 2 Download annex 3
About Sodexho Alliance
SODEXHO ALLIANCE is the leading global provider of Food and Management services, with more than 324,000 employees on 26,700 sites in 76 countries. For Fiscal 2005, which closed August 31, 2005, SODEXHO ALLIANCE had sales of 11.7 billion euros. Listed on Euronext Paris and on the New York Stock Exchange, the Group's current market capitalization is 5.7 billion euros.
This press release contains 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding anticipated future events and financial performance with respect to our operations. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like 'believe,' 'expect,' 'anticipate,' 'estimated' , 'project ' , 'plan' 'pro forma,' and 'intend' or future or conditional verbs such as 'will,' 'would,' or 'may.' Factors that could cause actual results to differ materially from expected results include, but are not limited to, those set forth in our Registration Statement on Form 20-F, as filed with the Securities and Exchange Commission (SEC), the competitive environment in which we operate, changes in general economic conditions and changes in the French, American and/or global financial and/or capital markets. Forward-looking statements represent management's views as of the date they are made, and we assume no obligation to update any forward-looking statements for actual events occurring after that date. You are cautioned not to place undue reliance on our forward-looking statements.
