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Sodexo first nine month revenues of Fiscal 2009
7/1/2009
Sodexo announces an 8.8% increase in revenue, and organic growth of 3.4% for first nine months of Fiscal 2009
Food and Facilities Management Services, + 2.9%: Health Care and Seniors, Education and Defense contribute to continued growth
Service Vouchers and Cards, + 15.2%: strong development
Paris, July 1, 2009 - SODEXO (NYSE Euronext Paris FR0000121220 - SW OTC: SDXAY), a leader in Food and Facilities Management Services, today announced revenue for the first nine months of Fiscal 2009 ended May 31, 2009.
Revenue by activity and geographical area
in millions of euro | 9 months FY 2008 | 9 months FY 2009 | Organic growth (1) | Currency impact (3) | Acquisitions | Total change |
Food and Facilities Management services | ||||||
|---|---|---|---|---|---|---|
North America | 4,051 | 4,620 | +3.0% | +10.9% | +0.2% | +14.1% |
Continental Europe | 3,617 | 3,917 | +1.2% | -1.4% | +8.5% | +8.3% |
UK and Ireland | 1,141 | 939 | -4.9%(2) | -12.7% | - | -17.6% |
Rest of the World | 1,251 | 1,408 | +14.9% | -3.5% | +1.1% | +12.5% |
TOTAL | 10,060 | 10,884 | +2.9% | +2.0% | +3.3% | +8.2% |
Service Vouchers and Cards | ||||||
| - | 425 | 529 | +15.2% | -4.7% | +14.0% | +24.5% |
Intra-group eliminations | -9 | -14 | - | - | - | - |
TOTAL | 10,476 | 11,399 | +3.4% | +1.7% | +3.7% | +8.8% |
1) Organic growth: increase in sales at constant scope and excluding exchange rate effects.
2) Revenue from the Rugby World Cup contract, at average exchange rate for the first nine months of FY 2008, was 138 million euro.
3) Exchange rate effects are positive (+1.7%), but it should be noted that, contrary to exporting companies, the revenue and expenses of Sodexo subsidiaries are denominated in the same currency. Consequently, foreign exchange variations do not have operational risk.
Commenting on these figures, Sodexo CEO Michel Landel, said:
"After the first nine months, Sodexo continues to grow and is on track to achieve its objectives for the current fiscal year.The motivation and commitment of our teams, our strategic position in high potential markets, the scope of our global services offer, our international presence and our solid financial structure are strengths on which Sodexo can continue to rely for the medium and long term."
To read the full text, please download the press release below.
Press Release Financial presentation
Conference call
Sodexo will hold a conference call on July 1, 2009 at 8:30 a.m. (Paris time), to comment on revenue for the first nine months of Fiscal 2009. Persons wishing to participate are invited to dial + 33 1 72 00 13 68. A recording of the conference will be available by dialing + 33 1 72 00 14 69, followed by the code 254 128#.
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 revenue of 13.6 billion euro. Listed on Euronext Paris, the Group has a current market capitalization of 5.7 billion euro.
On-demand Webcast
Sodexo annonced its Nine-Months Revenues for fiscal 2009 on July 1, 2009.
On-demand Webcast
Contact
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Pierre Bénaich
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Contact
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Jean-Charles Tréhan
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