![alt text](https://edge.sitecorecloud.io/sodexofrance1-sodexocorpsites-prod-e74c/media/Project/Sodexo-Corp/Global/Media-prod/Images/Banner-1240x698/H1-2024-Banner.jpg?h=698&iar=0&w=1240&mw=3840)
Sodexo announces solid H1 Fiscal 2024 results
Note 1: These numbers exclude any contribution from Pluxee which as a discontinued activity is consolidated only at the net profit level.
Note 2: The impact from Q4 2023 of the accounting change related to revenue recognition in a large Energy & Resources contract in Rest of the World is offset by the contribution of the Rugby World Cup in Europe. Underlying organic growth was +8.1% in Rest of the World and +7.6% in Europe.
"First quarter growth has remained strong in all geographies, due to pricing, new contract ramp-ups and continued volume growth, particularly in Corporate services, Sports & Leisure and Education.
We have had a good start to the year in terms of activity and we are solidly on track with our strategic plan to be the world leader in sustainable food and valued experiences.
The Pluxee spin-off plan is progressing well, with the next step being the Capital Markets Day on January 10, ahead of the first quotation expected February 1, 2024."
First quarter 2024 activity was in line with expectations and the strategic plan. As a result, the Sodexo (excluding Pluxee) Fiscal 2024 and 2025 guidance is maintained:
Sodexo will hold a conference call (in English) today at 9:00 a.m. (Paris time), 8:00 a.m. (London time) to comment on its Q1 Fiscal 2024 revenues.
Those who wish to connect:
Followed by the access code 07 26 13.
The live audio webcast will be available on www.sodexo.com
These dates are indicative and may be subject to change without notice.
Regular updates are available in the calendar on our website www.sodexo.com
Sodexo announces solid H1 Fiscal 2024 results
Sodexo confirms the Pluxee spin-off following its Shareholders Meeting of January 30, 2024
Pluxee presents strategic growth plan at Capital Markets Day ahead of expected listing on February 1, 2024