Sodexo: announces solid H1 Fiscal 2024 results

Issy-les-Moulineaux / FR. (so) France’s Sodexo Group announced solid financial results for H1-2024. At the Board of Directors meeting held on April 18 and chaired by Sophie Bellon, the Board closed the Consolidated accounts for the First half Fiscal 2024 ended February 29, 2024. First half Fiscal 2024 consolidated revenues were at 12.1 billion euros, up +4.5 percent year-on-year. Acquisitions and disposals impacted growth by -0.7 percent, linked to the sale of the Homecare activities in October only very partially offset by some bolt-on acquisitions, particularly in North America convenience. The negative currency impact amounted to -3.3 percent. As a result, organic revenue growth was +8.5 percent.

Chairwoman and Chief Executive Officer Sophie Bellon: «The spin-off of Pluxee has been successfully completed. Sodexo is now a pure-player in Food and Facilities Management services. We are making progress in transforming our Food services, developing our branded offers, boosting our convenience activity and enhancing our purchasing, particularly in North America. Our organization has been considerably simplified and streamlined: we are gaining in agility.

«The first half performance is solid. Organic growth is robust and the margin is up +40bps. Net new business momentum is also solid with a further improvement in retention. We are progressing towards our ambition to be the world leader in sustainable food and valued experiences. I would like to thank all our teams, who have worked so hard to execute the spin-off of Pluxee while delivering a solid operational performance.» For additional information please read the company’s PDF file below (396 KB):

20240427-SODEXO-H12024.