Core Insights - Sodexo's Fiscal 2025 results show a revenue increase of 1.2% year-on-year, reaching €24.1 billion, with organic growth of 3.3% [2][8][29] - The company has appointed Thierry Delaporte as the new CEO, effective November 10, 2025, marking a new strategic direction focused on commercial acceleration and execution [5][11] - The underlying operating profit margin remained stable at 4.7%, with underlying net profit from continuing operations increasing by 3.7% at constant currencies [7][39][46] Financial Performance - Revenues for Fiscal 2025 were €24,074 million, up from €23,798 million in Fiscal 2024, reflecting a 1.2% increase [2][28] - Organic growth was reported at 3.3%, with a contribution from pricing close to 3% and slight positive volume and new business contributions [8][30] - Underlying operating profit reached €1,139 million, a 2.7% increase from €1,109 million in the previous year [2][39] - The effective tax rate improved to 22.2% from 25.4% in the prior year, contributing to a net profit of €695 million, down from €738 million [2][44][46] Geographic Performance - North America achieved organic growth of 2.8%, driven by strong results in Sodexo Live! and Business & Administration, despite contract losses in Education [30][33] - Europe saw organic growth of 1.7%, with notable progress in Healthcare and Seniors, while the Rest of the World experienced a robust 7.5% growth, primarily from India, Australia, and Brazil [30][31] Governance and Strategic Direction - The governance structure will evolve with the proposed changes at the Shareholders Meeting on December 16, 2025, aimed at enhancing expertise and diversity [10][11] - The company is focused on addressing operational challenges in the U.S. and has established clear action plans for Fiscal 2026 [4][5] Sustainability and Corporate Responsibility - Sodexo published its first CSRD-compliant sustainability statement, reinforcing its commitment to social, environmental, and societal impact [9] - The company aims to achieve significant reductions in greenhouse gas emissions and food waste, reflecting its sustainability goals [9][10]

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]

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]