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Sodexho reports revenues for first quarter Fiscal 2007
1/10/2007
Consolidated revenues for the first quarter Fiscal 2007 announced. Highlights include +9.0% organic growth and +5.8% overall growth
- Strong level of activity across all geographies in Food and Facilities Management services: + 8.7 %
- Continuing rapid growth in Service Vouchers and Cards: + 20.3 %
- Currency impact: - 3.3 %
Paris, January 10, 2007. 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 quarter Fiscal 2007, ended November 30, 2006.
Revenue by activity | ||||||
In millions of euro (in IFRS) | Q1 Fiscal 2006 | Q1 Fiscal 2007 | Organic growth(1) | Currency impact(2) | Acquisitions | Total change |
Food and Facilities Management services | 3,277 | 3,455 | 8.7% | -3.3% | - | 5.4% |
North America | 1,527 | 1,541 | 7.8% | -6.3% | -0.6% | 0.9% |
Continental Europe | 1,077 | 1,151 | 6.0% | - | 0.9% | 6.9% |
United Kingdom and Ireland | 333 | 366 | 8.8% | 1.0% | - | 9.8% |
Rest of the World | 340 | 397 | 22.0% | -5.4% | - | 16.6% |
Service Vouchers and Cards | 83 | 98 | 20.3% | -3.8% | 2.6% | 19.1% |
Elimination of intragroup revenues | -2 | -2 | ||||
Total | 3,358 | 3,551 | 9.0% | -3.3% | 0.1% | 5.8% |
Commenting on the first quarter revenues, Sodexho CEO Michel Landel said, “I am very satisfied with the level of growth in all of our activities for the beginning of the year. It is a result of the work of our teams throughout the world to improve client retention, increase sales on existing sites and sign new contracts. In this regard, the recent wins of the Facilities Management contract with KLM and the Foodservices concession at the Eiffel Tower illustrate the breadth and competitiveness of our offer. This performance gives us confidence in our medium term objective to achieve annual average organic revenue growth of 7%.”
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About Sodexho Alliance
SODEXHO ALLIANCE, founded in 1966 by Pierre Bellon, is the leading global provider of Food and Facilities Management services, with more than 332,000 employees on 28,300 sites in 80 countries. For Fiscal 2006, which closed August 31, 2006, SODEXHO ALLIANCE had sales of 12.8 billion euro. Listed on Euronext Paris and on the New York Stock Exchange, the Group's current market capitalization is 7.6 billion euro.
