Sodexo: Solid results in the first half of Fiscal 2014
At the Board of Directors’ meeting on April 15, 2014, chaired by Pierre Bellon, Michel Landel presented the Group’s performance for the first half of Fiscal 2014 which ended on February 28, 2014.
- Organic revenue growth of 2.4:
- Increased demand for Facilities Management services which represent more than a quarter of Group revenues today
- Acceleration in growth in On-site Services revenue in North America
- Excellent development of Benefits and Rewards Services activity, with revenue up 15.1
- Operating profit up 11.4 excluding the currency effect and operating margin up +0.4 points as reported and +0.5 points excluding the currency effect.
- Profit attributable to equity holders of the parent up +17.8 and +25.8 excluding the currency effect.
- Fiscal 2014 objectives confirmed.
"Sodexo performed well in the first half of this fiscal year."
"Benefits and Rewards Services delivered an excellent performance, with organic revenue growth of 15.1. Our initiatives to make the Group more competitive are producing results, particularly in On-site Services in Europe and the Rest of the World region. These developments led to an 11 improvement in first-half operating profit excluding the currency effect and we are confirming our objectives for Fiscal 2014."