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First Quarter Fiscal 2009 revenues
1/7/2009
Sodexo announces revenue growth of 5.6% for the first quarter of Fiscal 2009 with organic growth of 3.2%
- Food and Facilities Management services, + 2.7% : Sodexo benefits from global leadership in Health Care and Education and its international network
- Service Vouchers and Cards, + 21.7% : continued strong dynamic growth
Paris, January 7, 2009 - SODEXO (NYSE Euronext Paris FR0000121220 - SW OTC: SDXAY), a leading provider of Food and Facilities Management services, today announced consolidated revenues for the first quarter of Fiscal 2009, ended November 30, 2008.
(in millions of euro) | Q1 Fiscal 2008 | Q1 Fiscal 2009 | Organic growth(1) | Currency impact(2) | Acquisitions, net | Total change |
Food and Facilities Management services | 3,642 | 3,798 | 2.7% | 0.2% | 1.4% | 4.3% |
North America | 1,486 | 1,650 | 5.6% | 4.8% | 0.6% | 11% |
Continental Europe | 1,240 | 1,320 | 3.5% | -0.4% | 3.4% | 6.5% |
United Kingdom and Ireland | 500 | 339 | -23.1% | -9.0% | - | -32.2% |
Rest of the World | 416 | 489 | 20.6% | -3.2% | - | 17.4% |
Service Vouchers and Cards | 123 | 181 | 21.7% | -1.9% | 27.4% | 47.2% |
Elimination of intragroup revenues | -2 | -4 | - | - | - | - |
TOTAL | 3,763 | 3,975 | 3.2% | 0.2% | 2.2% | 5.6% |
1) Organic growth: revenue growth, at constant scope of consolidation and exchange rates.
2) It should be noted that, contrary to exporting companies, the revenues and expenses of Sodexo subsidiaries are
denominated in the same currency. Consequently, foreign exchange variations do not have an operational risk. The
average exchange rate for the USD/euro for the first quarter was 1.354.
Commenting on these figures, Sodexo CEO Michel Landel, said: "Our performance for the first quarter is in line with our forecasts. It is likely that the effects of the economic slowdown will be felt most at the beginning of 2009. During this financial crisis, which ultimately could lead to increased demand for outsourcing, Sodexo has real competitive advantages including our integrated service offerings in all client segments throughout the world, our leadership in Health Care, Seniors and Education, our global network and the strength of our financial structure. We therefore remain confident in our ability to achieve the objectives we set last November."
Organic growth analysis: Food and Facilities Management services
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For more, please download the press release below.
Press release in PDF
Presentation in PDF
About SODEXO
Sodexo, founded in 1966 by Pierre Bellon, is a world leader in Food and Facilities Management services, with more than 355,000 employees on 30,600 sites in 80 countries. For Fiscal 2008, which closed August 31, 2008, SODEXO had revenues of 13.6 billion euro. Listed on Euronext Paris, the Group has a current market capitalization of 6 billion euro.
Firts quarter revenues FY2009
Watch the on-demand webcast of the meeting held on January 7, 2009
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Jean-Charles Tréhan
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Pierre Bénaich
+33 (0)1 57 75 80 56
