The world’s leading provider of food and management services. Sodexho Alliance, saw its consolidated revenues rise by 9.8% to €6.6bn (US$5.81bn) in the first six months of fiscal 2001/2002, up from €6bn in the prior-year period.
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The company revealed that the increase was driven by organic growth (3.2%) and acquisitions (7.6%), althought a negative 1% occured due to the currency effect.
Sodexho reported revenues of €6.1bn for Food and Management Services, up 9.9% including 2.7% organic growth.
The company explained organic growth by region:
North America: 0.9%
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By GlobalDataIn the US, the Healthcare and Education segments continued to grow, led by a number of new contract wins but in the Business & Industry segment, following ongoing layoffs and cutbacks in catering services, especially during the year-end holiday season, the revenues have been going down 9.4%. Sodexho has seen a significant decrease in customers since January 2001 due to downsizing.
Continental Europe: 5.2%
Business & Industry revenues increased in the UK and Continental Europe despite the challenging economic environment.
UK & Ireland: 2.6%
In the Healthcare segment, in the UK and in France, as the hospital’s team members want to stay civil servants, Sodexho revamped its offering, adding, for example, the Dewsbury’s hospital to its client list, in “executive lease”.
Rest of the World: 7.8 %
Revenues and organic growth for the other activities were as follows:
*Remote Site Management: 5 % Group’s revenues, 9 % organic growth. Development in the Remote Site Management segment was particularly strong in the North Sea and Nigeria.
*Service Vouchers and Cards: 2 % Group’s revenues, 22 % organic growth. The Service Vouchers and Cards business enjoyed strong organic growth in Europe and Latin America.
