Sodexo First half Fiscal 2025 results
— Organic revenue growth of +3.5%
— Underlying operating profit up +6.4%, margin up +10 bps
Sodexo confirms the Pluxee spin-off following its Shareholders Meeting of January 30, 2024
With the approval of the distribution in kind of Pluxee shares to Sodexo shareholders during this Shareholders Meeting, Sodexo is making a major strategic step forward, and confirms the spin-off and listing of Pluxee on February 1, 2024. This operation gives rise to two pure players in high growth markets.
Sodexo held a Shareholders Meeting on Tuesday, January 30, 2024, chaired by Sophie Bellon, Chairwoman of the Board of Directors and Chief Executive Officer of Sodexo. Quorum was established at 85.89% and 3,253 shareholders were present, represented or voted by correspondence. The resolution proposed by the Board of Directors to approve the exceptional distribution in kind of one Pluxee share for every Sodexo share held was adopted by a very large majority.
"On behalf of the Board of Directors, I would like to thank our shareholders for their trust and support. I would also like to congratulate all the teams who successfully completed this project in record time while continuing to improve performance in both companies. This historic milestone for Sodexo marks the realization of a major strategic step initiated two years ago. We are delighted to witness the creation of two pure players in large and fast-growing markets as both now have the opportunity to realize their full potential, and to accelerate value creation for all stakeholders.”
During this Shareholders Meeting, Didier Michaud-Daniel, Executive Chairman of Pluxee Board of Directors, and Aurélien Sonet, Chief Executive Officer of Pluxee, presented the new company, its offers, its strategy and its growth prospects to shareholders.
The Pluxee spin-off is being implemented according to the defined schedule, with the detachment and first listing of Pluxee shares on Euronext Paris on February 1, 2024. Delivery of the Pluxee shares to shareholders is scheduled for February 5, 2024.
For more information, Sodexo invites shareholders to consult the “Report on the distribution” and the “FAQ”, available on sodexo.com (Investors section).
The Shareholders Meeting was broadcast live and the replay will be available very soon, in French and English, as well as the detailed results of the votes, on sodexo.com, in the "Investors – Shareholders – Shareholders Meetings" section.
Associated content
Sodexo First half Fiscal 2025 estimates and full year guidance update
— First half Organic revenue growth of +3.5%
— First half Underlying operating profit up +6.4% at constant currencies,
margin up +10bps
— Update to full year guidance mainly triggered by slower than expected organic growth in North America
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