Sodexo: strong financial delivery in Fiscal 2024
— Organic revenue growth +7.9%
— Underlying operating profit +16% at constant currencies, margin up +40 bps at 4.7%
— Strong free cashflow resulting in a net debt/EBITDA ratio of 1.7x
— A proposed ordinary
Sodexo is pleased to announce the simplification of its ownership structure and payment of an interim dividend of €6.24 per share
- Sale of Sodexo's 100% owned subsidiary Sofinsod to Bellon SA for 918 million euros, simplifying the ownership structure of Sodexo, and monetizing an illiquid asset
- Distribution at the end of August 2024 of the sales proceeds to Sodexo shareholders, through an interim dividend of €6.24 per share
Sodexo Q3 Fiscal 2024: continued robust growth, in line with expectations
— Organic Revenue growth of +6.8%, or +7.2% excluding accounting change
— Fiscal 2024 guidance confirmed:
• Organic growth at the top of the +6% to +8% range
• Underlying operating profit margin improvement of +30 to +40 bps, at constant currencies