Sodexo Revenues Up 7.9% in Fiscal 2009

Sodexo has posted impressive results for the fiscal year ended 31st August, 2009. Its Revenues increased by 7.9% to 14,681 million euro (approx. Rs.102,000 crores); Operating Profit increased by 8.1% to 746 million euro (approx. Rs.5,180 crores) while Net Income increased by 4.5% to 393 million euro (approx. Rs.2,730 crores).

Sodexo CEO Michel Landel said, "In a particularly difficult environment, Sodexo again increased revenues and profits in Fiscal 2009 to a level in line with its objectives. Sodexo remains a growth company. Firmly focused on the future and the long term, we have continued during Fiscal 2009 to invest in the implementation of our strategy, including in our comprehensive offer, in training ourteams, in recruiting new talents, in creating platforms of expertise in Facilities Management, and also in four acquisitions in France, Germany, India and the U.S.”

During Fiscal 2009, Sodexo made a number of targeted acquisitions including that of Radhakrishna Hospitality Services Group (RKHS) in India enabling Sodexo to establish a clear position as a leader in comprehensive services solutions in one of Asia’s largest markets.

Founded by Pierre Bellon in 1966, Sodexo serves as a strategic partner for companies and institutions that place a premium on performance. It delivers an unrivaled array of comprehensive On-site Service Solutions and Motivation Solutions. Sodexo has 380,000 employees at 33,900 sites in 80 countries serving 50 million consumers daily.

As at 9th November, 2009, its market capitalisation was 6.5 billion euro (approx. Rs.45,175 crores)

About Sodexo

Quality of Life services play an important role in the progress of individuals and the performance of organizations. Based on this conviction, Sodexo serves as the strategic partner for companies and institutions that place a premium on performance, as it has since Pierre Bellon founded the company in 1966. Sharing the same passion for service, Sodexo’s 380,000 employees, in 80 countries around the world, design, manage and deliver an unrivaled array of comprehensive On-site Service Solutions and Motivation Solutions. In this, Sodexo has invented a new form of service business that promotes the fulfillment of our employees and contributes to the economic, social and environmental development of the communities, regions and countries in which it operates.