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Sodexo Q3 Fiscal 2025 revenues in line with expectations
Globenewswire· 2025-07-01 05:00
Core Insights - Sodexo reported consolidated revenues of 6.1 billion euros for Q3 Fiscal 2025, reflecting a year-on-year increase of 0.8%, with organic revenue growth of 3.0% [5][16] - The company expects Fiscal 2025 organic revenue growth to be at the lower end of the guidance range, between 3% and 4% [4][12] - The CEO emphasized the importance of disciplined execution and strengthening client relationships to achieve sustainable growth [2] Revenue Breakdown - **North America**: Revenues reached 2.9 billion euros, with organic growth of 1.2%. This growth was driven by pricing momentum and new business, despite contract exits impacting overall performance [5][17] - **Europe**: Revenues totaled 2.2 billion euros, showing an organic growth of 3.3%, supported by strong performance in Healthcare & Seniors and Sodexo Live! [5][23] - **Rest of the World**: Revenues amounted to 1.1 billion euros, with organic growth of 7.5%, primarily driven by strong performance in India, Brazil, and Australia [5][26] Financial Position and Activities - Sodexo successfully issued U.S. dollar notes totaling $1.1 billion to fund the repurchase of existing senior notes [5] - The company completed the acquisition of Agap'pro, enhancing its procurement capabilities in the hospitality sector [5] - Sodexo received an A- score from CDP for climate change disclosure, indicating strong leadership in environmental responsibility [5] Currency Impact - The company experienced a negative currency impact of 2.1% in Q3, mainly due to the depreciation of the U.S. dollar and several Latin American currencies [5][32] Outlook - The company anticipates landing towards the lower end of the range for both organic growth and underlying operating margin for Fiscal 2025 [7]
Sodexo - Monthly disclosure on share capital and voting rights on May 31, 2025
Globenewswire· 2025-06-06 16:00
Core Points - The article provides a monthly disclosure of share capital and voting rights for Sodexo as of May 31, 2025, detailing the total number of shares and voting rights [1][5] - Sodexo is a global leader in sustainable food and facilities management services, emphasizing its commitment to improving quality of life and social responsibility [3][6] Group 1: Share Capital and Voting Rights - As of May 31, 2025, Sodexo has a total of 147,454,887 shares, with actual voting rights amounting to 216,573,087 and theoretical voting rights at 218,108,019 [1][2] - Actual voting rights are equal for all company shares, except for treasury shares and registered shares held for over four years, which have double voting rights [1][2] Group 2: Company Overview - Founded in 1966, Sodexo operates in 45 countries and serves 80 million consumers daily, positioning itself as the 1 France-based private employer worldwide [3][6] - The company reported consolidated revenues of 23.8 billion euros for fiscal 2024 and has a market capitalization of 8.5 billion euros as of April 3, 2025 [6]
Sodexo - Disclosure of transactions in own shares carried out from May 12 tio May 14, 2025
Globenewswire· 2025-05-19 16:00
Group 1 - Sodexo conducted a share buyback program from May 12 to May 14, 2025, purchasing a total of 100,000 shares at an average price of €56.5051 [1] - The share buyback was authorized by the Shareholders' Meeting held on December 17, 2024, and was aimed at fulfilling obligations related to free shares award plans [1] - The transactions included various trading dates and volumes, with the highest purchase price recorded at €57.3105 on May 13, 2025 [1] Group 2 - Sodexo, founded in 1966, is a global leader in sustainable food and facilities management services, emphasizing a responsible business model [2] - The company operates in 45 countries and serves 80 million consumers daily, with consolidated revenues of €23.8 billion for fiscal 2024 [3] - As of April 3, 2025, Sodexo's market capitalization was €8.5 billion, and it is recognized as the number one France-based private employer worldwide [3]
Sodexo - Disclosure of transactions in own shares carried out from May 5 to May 8, 2025
Globenewswire· 2025-05-12 16:00
Group 1 - Sodexo conducted a share buyback program from May 5 to May 8, 2025, purchasing a total of 100,000 shares at a weighted average price of €55.3597 [1] - The share buyback was authorized by the Shareholders' Meeting held on December 17, 2024, to fulfill obligations related to free shares award plans [1] - The transactions were executed across multiple trading platforms, including XPAR, CEUX, TQEX, and AQEU, with varying volumes and prices [1] Group 2 - Sodexo, founded in 1966, is a global leader in sustainable food and facilities management services, emphasizing independence and a responsible business model [2] - The company aims to improve the quality of life for employees and consumers while contributing to economic, social, and environmental progress [2] - As of August 31, 2024, Sodexo had consolidated revenues of €23.8 billion and served 80 million consumers daily, with a market capitalization of €8.5 billion as of April 3, 2025 [5]
Sodexo - Monthly disclosure on share capital and voting rights on April 30, 2025
Globenewswire· 2025-05-06 16:00
Group 1 - The core business of Sodexo includes Food and Facilities Management Services, focusing on improving quality of life and contributing to social and environmental progress [3] - Sodexo operates in 45 countries and serves 80 million consumers daily, highlighting its global reach and impact [6] - The company reported consolidated revenues of 23.8 billion euros for Fiscal 2024, indicating strong financial performance [6] Group 2 - As of April 3, 2025, Sodexo's market capitalization stands at 8.5 billion euros, reflecting its valuation in the market [6] - The company employs 423,000 individuals, making it the largest private employer based in France [6] - Sodexo is recognized in various indices, including CAC Next 20 and FTSE 4 Good, showcasing its commitment to sustainable practices [3]
Sodexo - Disclosure of transactions in own shares carried out from April, 22 to April, 24, 2025
Globenewswire· 2025-04-28 16:00
Group 1: Share Buyback Program - Sodexo executed a share buyback program from April 22 to April 24, 2025, purchasing a total of 100,000 shares at an average price of €55.2172 [1] - The shares were acquired to fulfill obligations related to free shares award plans, as authorized by the Shareholders' Meeting on December 17, 2024 [1] Group 2: Company Overview - Founded in 1966, Sodexo is a global leader in sustainable food and facilities management services, aiming to improve quality of life and contribute to social and environmental progress [2] - The company operates in 45 countries and serves 80 million consumers daily, with a consolidated revenue of €23.8 billion for fiscal 2024 [3] - As of April 3, 2025, Sodexo has a market capitalization of €8.5 billion and is recognized as the 1 France-based private employer worldwide [3]
Sodexo - Financial Report for First half Fiscal 2025 available
Globenewswire· 2025-04-04 05:05
Core Viewpoint - Sodexo has released its First half Fiscal 2025 Financial report, which is consistent with previously published preliminary financial information, indicating stable performance and adherence to guidance [2][3]. Financial Performance - The First half Fiscal 2025 financial report includes condensed consolidated financial statements as of February 28, 2025 [2]. - Consolidated revenues for Fiscal 2024 were reported at 23.8 billion euros [7]. - The company serves 80 million consumers daily and operates in 45 countries [7]. Company Overview - Founded in 1966, Sodexo is a global leader in sustainable food and facilities management services [4]. - The company emphasizes improving quality of life and contributing to economic, social, and environmental progress [4]. - Sodexo is recognized in various indices, including CAC Next 20 and FTSE 4 Good [4]. Employment and Market Position - As of August 31, 2024, Sodexo had 423,000 employees, making it the 1 France-based private employer worldwide [7]. - The company's market capitalization was reported at 8.5 billion euros as of April 3, 2025 [7].
Sodexo First half Fiscal 2025 results
Globenewswire· 2025-04-04 05:00
Core Insights - The company reported consolidated revenues of €12.475 billion for the first half of Fiscal 2025, reflecting a year-on-year increase of 3.1% [2][7][18] - Organic revenue growth was 3.5%, down from 8.5% in the previous year, indicating a slowdown in growth momentum [2][19] - Underlying operating profit increased by 6.4% to €651 million, with an underlying operating profit margin of 5.2%, up 10 basis points from the previous year [2][36][45] - Group net profit from continuing operations decreased by 12.5% to €434 million, primarily due to an exceptional capital gain in the prior year [2][41] - The effective tax rate rose to 19.5% from 16.6% in the previous year, influenced by updates related to a tax audit [2][40] Financial Performance - Revenues for the first half of Fiscal 2025 were €12,475 million, compared to €12,101 million in the first half of Fiscal 2024, marking a 3.1% increase [2][18] - Organic growth was driven by food services, which grew by 4.5%, while facilities management services saw a growth of 1.7% [19][22] - The underlying operating profit margin improved to 5.2%, with all geographic zones showing improvements [36][45] - The company experienced a negative impact from currency fluctuations, contributing to a 0.1% decline in revenue growth [7][62] Geographic Performance - North America achieved organic growth of 3.5%, with strong performance in Sodexo Live! and Corporate Services, although this was partially offset by contract demobilizations [7][22] - Europe reported organic growth of 2.1%, driven by healthcare and seniors, but faced challenges in facilities management services [7][28] - The Rest of the World saw a robust organic growth of 6.6%, particularly in India, Brazil, and Australia [7][33] Guidance and Outlook - The full-year Fiscal 2025 guidance was revised, with organic revenue growth now expected to be between 3% and 4%, down from the initial guidance of 5.5% to 6.5% [6][58] - The underlying operating profit margin improvement is now projected to be between 10 and 20 basis points, reduced from the previous expectation of 30 to 40 basis points [6][58] Cash Flow and Debt - Free cash flow for the first half of Fiscal 2025 was a negative €234 million, compared to a negative €102 million in the previous year, primarily due to an exceptional tax outflow [14][47] - Net debt increased to €3.416 billion from €2.6 billion at the end of Fiscal 2024, reflecting seasonal cash flow patterns and dividend payments [14][49] - The net debt to EBITDA ratio stood at 2.3x, consistent with the previous year, indicating stable leverage despite increased debt levels [14][51]
Sodexo First half Fiscal 2025 estimates and full year guidance update
Globenewswire· 2025-03-20 06:00
Core Insights - Sodexo's first half Fiscal 2025 revenues reached €12.475 billion, reflecting a year-on-year increase of 3.1% with organic revenue growth of 3.5% [5][4] - The company has revised its full-year organic revenue growth guidance to between 3% and 4%, down from the previous range of 5.5% to 6.5% due to weaker-than-expected performance in North America, particularly in Education and Healthcare sectors [11][8] - Underlying operating profit for the first half was €651 million, up 6.4% year-on-year, with an underlying operating profit margin improvement of 10 basis points to 5.2% [10][7] Financial Performance - First half Fiscal 2025 key figures include: - Revenues: €12,475 million (2025) vs. €12,101 million (2024), a growth of 3.1% [5] - Organic revenue growth: 3.5% compared to 8.5% in the previous year [4] - Underlying operating profit: €651 million (2025) vs. €612 million (2024), an increase of 6.4% [5] - Net profit from continuing operations: €434 million (2025) vs. €496 million (2024), a decrease of 12.5% [5] Regional Performance - North America reported organic growth of 3.5%, impacted by soft volumes in Education and delays in Healthcare contract openings [5][6] - Europe experienced organic growth of 2.1%, with strong performance in Healthcare & Seniors but continued soft growth in Facilities Management [5] - The Rest of the World saw organic growth of 6.6%, driven by strong performances in Australia, India, and Brazil [5] Guidance and Strategic Focus - The company is focusing on strengthening execution in North America, particularly in commercial discipline and operational efficiency, in response to the revised guidance [9][8] - Full-year underlying operating profit margin guidance has been adjusted to an improvement of 10 to 20 basis points, down from 30 to 40 basis points [11][9]
Sodexo named one of the World’s Most Ethical Companies® by Ethisphere for the second year in a row
Globenewswire· 2025-03-11 10:00
Core Insights - Sodexo has been recognized as one of the World's Most Ethical Companies for the second consecutive year, highlighting its commitment to business integrity and ethical practices [1][2][3] Company Overview - Founded in 1966 in Marseille, Sodexo is a global leader in sustainable food and facilities management services, focusing on improving quality of life and contributing to social and environmental progress [9] - As of August 31, 2024, Sodexo employs 423,000 people and serves 80 million consumers daily across 45 countries [13] Recognition Details - In 2025, a total of 136 companies were recognized across 19 countries and 44 industries, with Sodexo being the only honoree in the food service industry [2] - The recognition is based on a comprehensive evaluation across five categories, reflecting the company's strong ethical principles and behaviors [2] Performance Metrics - The 2025 honorees outperformed a comparable index of global companies by 7.8 percentage points from January 2020 to January 2025, indicating a positive correlation between ethical practices and business performance [4] Methodology - The assessment for the World's Most Ethical Companies is based on Ethisphere's proprietary Ethics Quotient, which requires over 240 proof points on various ethical practices and governance [5] Company Financials - For fiscal 2024, Sodexo reported consolidated revenues of 23.8 billion euros and had a market capitalization of 11.7 billion euros as of January 6, 2025 [13]