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Sodexo - Monthly disclosure on share capital and voting rights on January 31, 2025
Globenewswire· 2025-02-04 17:00
Regulated information Issy-les-Moulineaux, February 4, 2025 Monthly disclosure on share capital and voting rights Pursuant to Article L.233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Registered name of the issuer: SODEXO255, quai de la Bataille de Stalingrad – 92130 ISSY-LES-MOULINEAUX DateTotal number of sharesActual voting rights *Theoretical voting rights **January 31, 2025147,454,887217,413,249218,512,432 * Actual voting rights: ...
Sodexo - Interim report on liquidity contract as of December 31, 2024
Globenewswire· 2025-01-20 17:00
Regulated information Issy-les-Moulineaux, January 20, 2025 Interim report on liquidity contract as of December 31, 2024 Under the liquidity contract entrusted by Sodexo to BNP Paribas Arbitrage, the following assets were booked to the liquidity account as of December 31, 2024: 25,392 shares€14,423,130 During the 2nd semester, the following were traded: Bought: 359,601 shares for €28,862,832 (4,110 transactions)Sold: 363,244 shares for €29,334,581 (4,498 transactions) As a reminder, 1 - The liquidity contra ...
Sodexo Q1 Fiscal 2025 Revenues: a soft start to the year, as expected
Globenewswire· 2025-01-07 06:00
Revenue Performance - Q1 Fiscal 2025 consolidated revenues reached 6 4 billion euros, up +1 9% year-on-year, with organic growth of +4 6% [5][16] - Organic growth was driven by Food services, which grew +5 7%, while FM services grew +2 4% or +3 5% excluding last year's Rugby World Cup ticketing activity [18] - Underlying organic growth, adjusted for the Rugby World Cup and Paralympics, was +4 9% [17] Geographic Performance - North America achieved organic growth of +5 9%, driven by strong performance in Sodexo Live! and Corporate services, though Education was impacted by lower university volumes [6][20] - Europe grew +2 0% organically, or +2 7% excluding sporting events, with Healthcare & Seniors showing positive momentum [8][25] - Rest of the World grew +6 4% organically, led by robust growth in India, Brazil, and Australia, while China showed gradual recovery [6][30] Segment Performance - Sodexo Live! in North America grew +24 8%, driven by increased attendance at conference centers, stadiums, and airline lounges [22] - Healthcare & Seniors in Europe grew +7 4%, supported by volume growth and price revisions [28] - Business & Administrations in Rest of the World grew +6 0%, with strong performance in India and Australia [31] Strategic Initiatives - The company completed the acquisition of CRH Catering, strengthening its InReach offering on the U S East Coast [8] - Sodexo continues to advance its sustainability goals, including the Sustainable Food Barometer and the Cook For Change challenge [8] - The company is assessing the carbon impact of its recipes through a partnership with Eaternity, with implementation underway in the U S and UK & Ireland [8] Financial Outlook - Full-year guidance for Fiscal 2025 is maintained, with organic revenue growth expected between +5 5% and +6 5% [9] - Underlying operating profit margin is anticipated to grow by +30 to +40 bps at constant exchange rates [9] Leadership Changes - Anna Notarianni, Group Chief Impact Officer, left the company after 26 years, with her responsibilities integrated into Marc Rolland's role [8] - Dominique Guilhem was appointed Group Chief Strategy Officer, joining the Sodexo Leadership Team [8]
Sodexo - Monthly disclosure on share capital and voting rights on December 31, 2024
Globenewswire· 2025-01-06 16:50
Regulated information Issy-les-Moulineaux, January 6, 2025 Monthly disclosure on share capital and voting rights Pursuant to Article L.233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Registered name of the issuer: SODEXO255, quai de la Bataille de Stalingrad – 92130 ISSY-LES-MOULINEAUX DateTotal number of sharesActual voting rights *Theoretical voting rights **December 31, 2024147,454,887216,692,568218,518,081 * Actual voting rights: ...
Sodexo: Combined Shareholders’ Meeting of December 17, 2024
Globenewswire· 2024-12-17 17:20
Issy-les-Moulineaux, December 17, 2024 Sodexo's Annual Shareholders’ Meeting was held on Tuesday, December 17, 2024 at the Seine Musicale auditorium in Boulogne-Billancourt, chaired by Sophie Bellon, Chairwoman of the Board of Directors and Chief Executive Officer of Sodexo. Quorum was established at 85.68%, and 3,419 shareholders were present, represented or voted by correspondence. All the resolutions proposed by the Board of Directors were adopted, notably: The adoption of the financial statements for F ...
Smurfit Westrock (SW) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2024-11-20 15:55
Group 1 - Smurfit Westrock PLC (SW) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a recent "golden cross" formation [1] - A golden cross occurs when a stock's short-term moving average crosses above its long-term moving average, indicating a potential bullish breakout [1][2] - SW has moved 19.4% higher over the last four weeks, suggesting it may be on the verge of a breakout [3] Group 2 - The Zacks Consensus Estimate for SW's earnings has increased, with one upward revision and no downward changes in the past 60 days, reinforcing the bullish outlook [3][4] - The positive technical factors combined with the upward movement in earnings estimates suggest that investors may want to monitor SW for potential gains in the near future [4]
Smurfit WestRock plc(SW) - 2024 Q3 - Quarterly Report
2024-11-08 11:31
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Smurfit Westrock: Bigger Opportunity To Catch
Seeking Alpha· 2024-11-06 23:32
Following the Smurfit Westrock Q3 results (NYSE: SW , OTCPK:SMFKY ) ( OTCPK:SMFTF ), we are back to comment on the company. Our investment thesis is unfolding, validating our strategic approach to this position. Our team identified the mergerBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they ...
Smurfit WestRock plc(SW) - 2024 Q3 - Quarterly Results
2024-10-30 10:40
www.smurfitwestrock.com Exhibit 99.1 Smurfit Westrock Reports Third Quarter 2024 Financial Results Dublin – October 30, 2024 – Smurfit Westrock plc (NYSE: SW, LSE: SWR) today announced the financial results for the third quarter ended September 30, 2024. Key points: · Net Sales of approx. $7.7 billion · Net Loss of $150 million, with a Net Income Margin of negative 2.0% · Adjusted EBITDA of $1,265 million, with an Adjusted EBITDA Margin of 16.5% · Continuing focus on asset optimization · Previously announce ...
Smurfit WestRock plc(SW) - 2024 Q2 - Quarterly Report
2024-08-09 10:30
Explanatory Note This report details Smurfit Westrock's shell company status for the interim period ended June 30, 2024, prior to its business combination - This Quarterly Report on Form 10-Q is for the interim period ended June 30, 2024, which was before the consummation of the business combination between Smurfit Kappa and WestRock[7](index=7&type=chunk) - The combination, which created Smurfit Westrock plc, closed on July 5, 2024, subsequent to the period covered by this report. A detailed description is available in the Registration Statement on Form S-4[5](index=5&type=chunk) - As of June 30, 2024, and prior to the combination, Smurfit Westrock plc was a shell company with no assets, no operations, and only nominal capitalization. Upon the combination's closing, it ceased to be a shell company[3](index=3&type=chunk)[7](index=7&type=chunk) PART I - FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The unaudited consolidated interim financial statements reflect Smurfit Westrock's shell company status, showing minimal assets and a net loss before its significant business combination Consolidated Balance Sheet Highlights (Unaudited) | Metric | As of June 30, 2024 | As of December 31, 2023 | | :--- | :--- | :--- | | Cash and cash equivalents | $26,762 | $111 | | Total Assets | $26,762 | $111 | | Total Liabilities | $12,300 | $0 | | Total Stockholders' Equity | $14,462 | $111 | Consolidated Statement of Operations Highlights (Unaudited) | Metric | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Administrative expenses | $(12,300) | $(12,300) | | Consolidated net loss | $(12,300) | $(12,300) | | Basic/Diluted loss per share | $(2.56) | $(5.04) | - Cash flow from operating and investing activities was zero for the six months ended June 30, 2024. Net cash of **$26,852** was provided by financing activities through the issuance of common stock[16](index=16&type=chunk) [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes clarify Smurfit Westrock's shell company status and detail the post-period combination with WestRock, including accounting and subsequent financial events - The combination with WestRock closed on July 5, 2024. Each WestRock common stock was converted into one Smurfit Westrock share and **$5.00** in cash. Smurfit Kappa was deemed the accounting acquirer under ASC 805[30](index=30&type=chunk)[33](index=33&type=chunk) - Upon completion of the combination, former Smurfit Kappa shareholders own approximately **50.4%** and former WestRock shareholders own approximately **49.6%** of Smurfit Westrock[35](index=35&type=chunk) - Subsequent to the quarter end, on July 26, 2024, the Board approved a quarterly dividend of **$0.3025** per ordinary share, payable on September 18, 2024[44](index=44&type=chunk) - On July 5, 2024, Smurfit Kappa cancelled its **€1,350 million** revolving credit facility and funded the prepayment of a **$750 million** WestRock term loan. Smurfit Westrock also became a guarantor of various outstanding debt securities of its new subsidiaries[42](index=42&type=chunk)[43](index=43&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=15&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Result%20of%20Operations) The MD&A reiterates Smurfit Westrock's shell company status, reporting no operations or revenue prior to the July 5, 2024 combination, with a net loss from professional fees - The company had no historical operations and generated no revenue for the three or six months ended June 30, 2024. A net loss of **$12,300** was incurred due to professional fees for its re-registration as an Irish public limited company[59](index=59&type=chunk) - As of June 30, 2024, the company's total assets consisted of **$26,762** in cash and cash equivalents, sourced from capital contributions by stockholders. It had no off-balance sheet arrangements[60](index=60&type=chunk)[61](index=61&type=chunk) - The report includes a detailed "Cautionary Note Regarding Forward-Looking Statements," highlighting numerous risks including integration challenges, macroeconomic uncertainty, pricing cycles, and potential tax implications of the combination[48](index=48&type=chunk)[49](index=49&type=chunk)[51](index=51&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=18&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) As a non-operating entity, the company's market risk was minimal, primarily limited to foreign exchange rate risk on its euro-denominated cash balance Foreign Currency Translation (Loss)/Gain | Period | Amount (USD) | | :--- | :--- | | Three months ended June 30, 2024 | $(198) | | Six months ended June 30, 2024 | $(201) | | Six months ended June 30, 2023 | $2 | [Controls and Procedures](index=18&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2024, with no material changes to internal controls during the quarter - Management, including the Principal Executive Officer and Principal Financial Officer, concluded that the company's disclosure controls and procedures were effective as of the end of the period[65](index=65&type=chunk) - No changes in internal controls over financial reporting occurred during the second quarter of 2024 that materially affected, or are reasonably likely to materially affect, these controls[66](index=66&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=19&type=section&id=Item%201.%20Legal%20Proceedings) The company faces two lawsuits from purported WestRock stockholders challenging disclosures related to the combination, with an uncertain outcome and potential loss - Two lawsuits are pending, filed by purported WestRock stockholders, challenging the adequacy of disclosures in the proxy statement/prospectus related to the combination[68](index=68&type=chunk) [Risk Factors](index=19&type=section&id=Item%201A.%20Risk%20Factors) The company reports no material changes to previously disclosed risk factors, incorporating by reference detailed risks related to the combination, business, tax, and share ownership - The company incorporates by reference the risk factors discussed in its Registration Statement on Form S-4 and WestRock's Annual Report on Form 10-K[69](index=69&type=chunk) - No material changes to the previously disclosed risk factors were reported[69](index=69&type=chunk) [Other Items (2, 3, 4, 5)](index=19&type=section&id=Item%202%2C%203%2C%204%2C%205) The company reported no activity for several items, consistent with its status as a non-operating shell company during the reporting period - The company reported 'None' or 'Not applicable' for the following items, indicating no activity: - Item 2: Unregistered Sales of Equity Securities and Use of Proceeds - Item 3: Defaults Upon Senior Securities - Item 4: Mine Safety Disclosures - Item 5: Other Information[69](index=69&type=chunk) [Exhibits](index=20&type=section&id=Item%206.%20Exhibits) This section lists numerous exhibits, mostly incorporated by reference, detailing the combined entity's corporate structure, financing agreements, executive contracts, and officer certifications - Lists numerous exhibits related to the new corporate structure and financing, including the Amended Constitution, various indentures, credit agreements, and executive contracts[70](index=70&type=chunk)[108](index=108&type=chunk)[116](index=116&type=chunk) - Certifications from the Principal Executive Officer and Principal Financial Officer pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act are included as exhibits[117](index=117&type=chunk)[118](index=118&type=chunk)