Sodexo: a dynamic first half of Fiscal 2016; full-year targets confirmed

April 14, 2016

Sodexo announces its performance for the first half of Fiscal 2016, which ended on February 29, 2016.

Sodexo: a dynamic first half of Fiscal 2016; full-year targets confirmed
  • Revenues up +6.7%, including organic growth of +3.7% (+2.5% excluding Rugby World Cup effect)

    • Confirmed pick-up in organic growth in North America On-site Services

    • Resilient Benefits & Rewards Services activity

  • +30 basis points improvement in operating margin excluding currency effect and before exceptional expenses*

  • Major new contract signed with Rio Tinto in Australia

  • Fiscal 2016 guidance and medium-term objectives confirmed

Commenting on these figures, Sodexo CEO Michel Landel said:
"In a persistently volatile economic environment, Sodexo continues to grow, delivering a good performance in the first half of Fiscal 2016. Growth is being led by a solid pick-up in development in North America and our resilient Benefits and Rewards Services activity.

We are proud of the major partnership agreement recently signed with Rio Tinto in Australia. This contract (representing around 2.5 billion Australian dollars) is both the result of the investments we have made over the past 10 years to build our integrated services offer, and the recognition of our technical expertise. It reflects our objective of improving the quality of life of the women and men we serve.

Based on the momentum achieved in the first half, we confirm our Fiscal 2016 targets of around 3% organic revenue growth and around 8% growth in operating profit excluding the currency effect and exceptional expenses for the adaptation and simplification program."

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