Home
Agriculture
Apparel
Building Materials
Chemicals
Electronics & Electrical
Food & Beverage
Industry Supplies
Minerals
Textiles: Fine Chemicals | Organic Chemicals | Petroleum & Products | Pharmaceuticals

9.2% Organic Revenue Growth for First-Half Fiscal 2008

[2008-4-2]

Food and Facilities Management Services: -- Robust performance in North America -- Organic growth accelerating in Continental Europe -- Strong contribution from 2007 Rugby World Cup corporate hospitality contract -- Increased growth momentum in Asia, Latin America and Remote Sites -- Service Vouchers and Cards: continued strong growth SODEXO (PARIS:SW) (OTCBB:SDXAY), a world leader in Food and Facilities Management Services, today announced consolidated revenue for the first half of Fiscal 2008, ended February 29, 2008. Revenue by activity (in millions of euro) First Half Fiscal 2007 First Half Fiscal 2008 Organicgrowth (1) Currency impact (2) Acquisitions Total change Food and Facilities Management Services: -- TOTAL Organic growth: revenue growth, at constant scope of consolidation and exchange rates. 2) The currency impact was a negative -5.8%, but contrary to exporting companies, the revenues and expenses of Sodexo subsidiaries are denominated in the same currency. Consequently, foreign exchange variations do not result in operating risks. Commenting on revenues for the first half of Fiscal 2008, Sodexo’s CEO Michel Landel said: "Sodexo’s organic growth continued to gather pace, reaching 9% compared with 8.2% for the first-half of last year. This renewed performance is a clear illustration of our solid position permitting us to expand in high potential markets that are less subject to cyclical swings: we accelerated our penetration of growth markets such as healthcare and education, bolstering our worldwide position in Facilities Management and Service Vouchers and Cards and benefited from significant growth drivers around the world. Let me remind you Sodexo does business locally and unlike exporting companies, revenues and operating expenses of our subsidiaries are in the same currency. Negative exchange rate variations recorded in this first half (-5.8%) only reflect a translation impact on our financial statements and therefore do not represent any operational risk. The strong performance of our teams in this first half gives us confidence that we will achieve our objectives for the current fiscal year of annual organic revenue growth of more than 7%, and around 12% for operating profit, at constant exchange rates, despite existing uncertainties in the current economic environment.” Analysis of organic revenue growth See table in appendix 2 and selected new customer wins in appendix 3. Food and Facilities Management Services North America (+5.8%)

Related Keywords »

Manufacturers	Manufacturing company	Wholesale distributors
Wholesale trade	Wholesale product	Trade show display
Importers	Business to Business	International trade
International business and trade	B2B E marketplace B2B	Import export business

Related News »

DOT Ruling on Fuel Cell Cartridges and Systems	Scientists See Norwalk Virus Achilles Heel
Sotheby's Auction of Important 20th Century	Transfer Adhesive attaches membrane to structural
A Chemical 'Keypad Lock' For Biomolecular	No end in sight to rising resin prices
Polyurethane timing belts available from Titan	APL bid to attract entrepreneurs
NMMA announces innovation winners at MAATS	Rubber components from Ormiston Industrial Rubber