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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

  • North America, + 5.6%: continued strong growth in Health Care, Seniors and Education, but the impact of the economic crisis begins to weigh on Corporate Services
  • Continental Europe, + 3.5%: contrasted performances between countries and between segments; first signs of slowdown in Corporate Services and in Sports and Leisure 
  • United Kingdom and Ireland, - 23.2%: an integrated solutions offer in Corporate Services, and Health Care and Seniors contributed to solid growth, but an unfavorable comparison from the effect of the Rugby World Cup hospitality contract in Fiscal 2008. Excluding the impact of Rugby World Cup, growth would have been +
    9.1%. 
  • Rest of the World, + 20.6%: strong acceleration in growth in Remote Sites, Latin America and Australia

For more, please download the press release below.

Pdf icon  Press release in PDF
Pdf icon  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

Contact

Send an email to Press Relations

or call
Jean-Charles Tréhan
+33 (0)1 57 75 80 24
Contact

Send an email to Investor Relations

or call
Pierre Bénaich
+33 (0)1 57 75 80 56

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