Sodexo has announced revenues for the first nine months of Fiscal 2012, which closed 31 May 2012.
On-site Service Solutions: Solid contribution to revenue growth from emerging countries and Rest of the World, at nearly + 16%
Motivation Solutions: Organic growth of + 9.0%
Commenting on the figures, Sodexo CEO Michel Landel said:
“In a volatile global economy, which has continued to deteriorate for the past several months, our Quality of Life integrated service offers and our emerging markets growth strategy have accounted for a large part of our growth. Our teams are fully mobilized to provide our clients with the services and savings they expect and to improve our competitiveness.”
Organic growth in On-site Service Solutions was + 5.0%
Sodexo designs, manages and delivers on-site service solutions for clients across a wide range of businesses, from corporate offices and factories to schools, hospitals and Ministry of Defence garrisons and prisons. Solutions include services from cleaning, security, reception and foodservices to building maintenance, laboratory services, space management and technical services.
Growth of + 7.3% in Corporate was propelled by double-digit growth (+ 16.8%) resulting from the success of Sodexo’s operations in Latin America, Asia and Remote Sites, as well as the fall 2011 Rugby World Cup hospitality contract in New Zealand. During the third quarter however, the global economic downturn impacted Sodexo’s activity more noticeably.
Major multi-country contracts with large multinational companies won by Sodexo during the period included Unilever, Alcatel-Lucent, Astra Zeneca and Eli Lilly.
Organic growth reached 2.7% in Health Care and Seniors and 2.9% in Education against a backdrop of more modest business development, particularly in Europe.
Organic revenue growth for Motivation Solutions reached + 9.0%
Motivation Solutions works in partnership with public and private organisations looking to enhance the performance of their employees through employee benefits, public benefits and incentive and recognition programmes. Products include childcare vouchers and SayShopping vouchers, and are developed to reward performance and to encourage and motivate employees.
This is an accelerated performance compared to the same period last year, and reflects, in particular, the momentum of Sodexo teams in Latin America and improvement in Europe and Asia.