Sodexo: Solid results for Fiscal 2014
Sodexo has met its objectives for 2014.
- Financial objectives for the year achieved:
- Organic growth in revenues of +2.3
- Operating income up by +10.7 excluding currency effects and exceptional costs; operating margin improving 0.5 to 5.7 excluding currency effects
- Program to improve operational efficiency and reduce costs delivers results;
- Improved profitability in On-site Services in Europe and in the Rest of the World
- Double digit growth in Benefits and Rewards Services
- Group net income up by +11.6 and +20.3 excluding currency effects
- Robust cash-generating financial model
- Sodexo’s targets for 2015: organic growth in revenues of around +3 and an increase in operating profit of +10 (excluding currency effects)
"Sodexo has met its objectives for 2014 and improved its profitability, in particular in On-site Services."
"We can also note strong momentum in Benefits and Rewards Services. Lastly, the share of facilities management services continues to increase, now representing 28 of our revenues, reflecting the increasing demand by our clients for integrated services. I would like to thank all of our teams for the ever stronger commitment demonstrated this year. This involvement and the progress we have made allow us to remain confident that we will yet again increase profitability in Fiscal 2015."