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Revenue Nine months 2005-2006
7/5/2006
Organic growth accelerating: +5.9%
- Leadership affirmé en Restauration et Facilities Management :
- Excellent performance in the Rest of the World: +14%
(Remote Sites, Latin America and Asia-Australia)) - Strong momentum maintained in Healthcare and Seniors: +8.1%
- Excellent performance in the Rest of the World: +14%
- Continuing rapid growth in Service Vouchers & Cards: +16.9%
SODEXHO ALLIANCE (Euronext Paris FR0000121220 - SW / NYSE:SDX), the leading global provider of food and facilities management services, today announced consolidated revenues for the first nine months of Fiscal 2006, ended May 31, 2006.
Revenue by activity | ||||||
In millions of euro (in IFRS) | Q3 Fiscal 2005 | Q3 Fiscal 2006 | Organic growth(1) | Currency impact(2) | Acquisitions | Total change |
Food and Facilities Management services | 8,705 | 9,605 | 5.7% | 4.5% | 0.1% | 10.3% |
North America | 3,891 | 4,360 | 4.3% | 7.7% | - | 12.1% |
Continental Europe | 3,005 | 3,193 | 5.8% | - | 0.5% | 6.3% |
United Kingdom and Ireland | 960 | 996 | 3.1% | 0.6% | - | 3.7% |
Rest of the World | 849 | 1,056 | 14.0% | 10.4% | - | 24.4% |
Service Vouchers and Cards | 216 | 273 | 16.9% | 9.0% | 0.3% | 26.2% |
Elimination of intragroup revenues | -4 | -5 | ||||
Total | 8,917 | 9,873 | 5.9% | 4.6% | 0.2% | 10.7% |
(1) Organic growth: increase in revenues at constant consolidation scope and exchange rates.
(2) Currency impact is calculated by applying the average exchange rate for the prior year to the current fiscal year figures.
For the first nine months of Fiscal 2006, the Group's organic revenue growth reflects:
- demonstrated expertise in Healthcare and Seniors markets in all geographies (+8.1%),
- the strength of the Group's international presence : Rest of the World (+14%),
- continuing innovation and excellent development in the Service Voucher and Cards activity (+16.9%).
Sodexho CEO Michel Landel said: “Our ongoing efforts to improve client retention and increase sales on existing sites, alongside a continuing dynamic sales effort, are at the heart of our long term strategy of organic growth. We are confident that we will slightly exceed our organic growth objective for the current year, Fiscal 2006. Organic growth should be above 5.5%.”
To read the full text, please download the press release in pdf below.
Download the presentation in pdf Download the press release in pdf Download annex in pdf
About Sodexho Alliance
SODEXHO ALLIANCE, founded in 1966 by Pierre Bellon, 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 euro. Listed on Euronext Paris and on the New York Stock Exchange, the Group's current market capitalization is 6.0 billion euro.
