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Sodexho announces organic revenue growth of 7.8% for first nine months of Fiscal 2007
7/4/2007
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- Food and Facilities Management Services+ 7.4%
- Further robust gains in Healthcare and Seniors + 8.1%
- Growth remains high in Latin America, Asia-Australia and Remote Sites + 17.2%
- Service Vouchers and Cards maintains strong momentum+ 20.1%
(Paris, July 4, 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 nine months of Fiscal 2007, ended May 31, 2007.
Organic growth: increase in revenues at constant consolidation scope and exchange rates. 2) The currency impact is -4.2%. However, Sodexho subsidiaries' income and expenses are expressed in the same currency, hence, contrary to exporting companies, currency variations carry no operating risk.
Commenting on these figures, Sodexho CEO, Michel Landel, said: “With continuing strong organic growth during the first nine months, Sodexho continues to benefit from its extensive international network and the comprehensiveness of its service offer. We are reinforcing our global leadership and have been ranked fourth worldwide among global outsourcing companies and first in our industry category, “Facilities Services,” by the International Association of Outsourcing Professionals.
In the U.S., the world's largest market for outsourcing, we have made remarkable progress, particularly in the high-potential segments of Healthcare and Education. We were also one of the first in our industry to invest in Latin America and in Asia-Australia. This is enabling us to benefit from the accelerating growth in these regions, particularly, China and India.
Our performance reinforces our confidence in our objectives for the full fiscal year of organic revenue growth exceeding 7% and operating profit growth of around 12%, excluding currency impact.”
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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 8.6 billion euro.
