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Empresas y finanzas

Sodexho Reports Revenues for First Quarter Fiscal 2007:


    SODEXHO ALLIANCE (Euronext Paris FR0000121220) (NYSE:SDX)
    (Paris:SW), the leading global provider of Food and Facilities
    Management services, today announced consolidated revenues for the
    first quarter Fiscal 2007, ended November 30, 2006.

    Revenue by activity

    -0-
    *T
    In millions of Q1 Q1 Organic Currency Total
    euro Fiscal Fiscal growth impact(2) Acquisitions change
    (in IFRS) 2006 2007 (1)
    -------------- ------- ------- ------- ---------- ------------ -------
    Food and
    Facilities
    Management
    Services: 3,277 3,455 8.7 % - 3.3 % - 5.4 %
    -- North
    America 1,527 1,541 7.8 % - 6.3 % - 0.6 % 0.9 %
    -- Continental
    Europe 1,077 1,151 6.0 % - 0.9 % 6.9 %
    -- United 333 366 8.8 % 1.0 % - 9.8 %
    Kingdom and
    Ireland

    -- Rest of the
    World 340 397 22.0% - 5.4 % - 16.6%
    -------------- ------- ------- ------- ---------- ------------ -------
    Service
    Vouchers and
    Cards 83 98 20.3 % - 3.8 % 2.6 % 19.1%
    -------------- ------- ------- ------- ---------- ------------ -------
    Elimination of
    intragroup
    revenues -2 -2
    -------------- ------- ------- ------- ---------- ------------ -------
    TOTAL 3,358 3,551 9.0 % - 3.3 % 0.1 % 5.8 %
    -------------- ------- ------- ------- ---------- ------------ -------
    (1) Organic growth : increase in revenues at constant consolidation
    scope and exchange rates.
    (2) The currency impact is - 3.3 %, however, Sodexho subsidiaries'
    income and expenses are expressed in the same currency ; hence,
    contrary to exporting companies, currency variations carry no
    operating risk.
    *T

    Commenting on the first quarter revenues, Sodexho CEO Michel
    Landel said, "I am very satisfied with the level of growth in all of
    our activities for the beginning of the year. It is a result of the
    work of our teams throughout the world to improve client retention,
    increase sales on existing sites and sign new contracts. In this
    regard, the recent wins of the Facilities Management contract with KLM
    and the Foodservices concession at the Eiffel Tower illustrate the
    breadth and competitiveness of our offer. This performance gives us
    confidence in our medium term objective to achieve annual average
    organic revenue growth of 7%."

    Organic Revenue Growth Analysis
    (See table in Annex 2 and a selection of new clients in Annex 3)

    Food and Facilities Management Services

    -- North America: organic growth of 7.8 % driven by continuing
    dynamism in Healthcare, Seniors and Education and by renewed
    activity in Business and Industry

    -- Continental Europe: continuing momentum (+ 6.0 %), in
    particular in Healthcare and Seniors

    -- United Kingdom and Ireland: return to growth confirmed (+ 8.8
    %)

    -- Rest of the World: sustained double digit growth across all
    geographies (+ 22.0 %)

    In North America, the growth in revenue in Business and Industry
    benefited from good comparable unit growth, continued demand for
    catering services and from a recovery in business development,
    including in Facilities Management.

    With organic growth at +8.4%, the performance in Healthcare and
    Seniors continues to be particularly solid, boosted especially by:

    -- the expansion of service offerings on existing sites

    -- application of contractual indexation clauses

    Three principal factors explain the 8.7% organic growth in
    Education:

    -- Improved client retention in the prior fiscal year,

    -- strong demand in Facilities Management, particularly for
    project work (for example, existing facilities renovations)

    -- strong comparable unit sales, notably with an expanded food
    offering in schools.

    In Continental Europe, client retention efforts during the
    previous year as well as strong comparable unit sales growth, drove an
    increase in revenue in Business and Industry.

    In Healthcare and Seniors, the growth momentum was sustained as
    result of Sodexho's broad Facilities Management offering and its
    successful commercial efforts.

    Growth in Education can be attributed to improved client retention
    rates and ongoing selectivity in public markets.

    In the United Kingdom and Ireland, new contracts start-ups,
    notably in Defense, together with strong comparable unit sales growth
    and development in leisure-related activities, were the primary
    drivers in the 10% increase in Business and Industry.

    In Healthcare and Seniors, the ramp up of Private Finance
    Initiative (>) contracts contributed to the 13.8% growth.

    This substantial improvement in the first quarter confirms that
    the action plans implemented over the past three years are proving
    effective in bringing Sodexho's subsidiary back to growth.

    In the Rest of the World, organic growth in Food and Facilities
    Management services remained buoyant at 22%.

    In Latin America, the Group holds a significant position in the
    mining sector thanks to the strength of its sales efforts.

    The strength of raw materials prices continues to benefit activity
    levels in Remote Sites. This helped lead to new contract awards in the
    Middle East and Africa and higher demand in the construction of new
    camps.

    In China and in India, Sodexho's expansion continues at a rapid
    pace.

    Service Vouchers and Cards

    Organic growth: +20.3 %

    The issue volume totalled 1.9 billion euros, up 24.7% (at constant
    consolidation scope and exchange rates), fuelled, particularly, by
    activity in Latin America.

    This strong progression can be primarily attributed to:

    -- solid growth in traditional services

    -- a successful campaign for year-end holiday season vouchers,
    and

    -- to a lesser extent, the increase in voucher face values in a
    number of countries.

    Revenue organic growth is slightly below that of issue volume
    mainly because of the timing of several large orders at the very end
    of the quarter which remain to be reimbursed.

    -- Conference call

    SODEXHO ALLIANCE will hold a conference call today to discuss
    first quarter revenues for Fiscal 2007. The call will begin at 8:30 am
    (Paris time). The call-in access number is + 33 1 72 28 01 65.

    The press release and the slideshow will be available on the
    internet by clicking on the link www.sodexhoalliance.com, under "the
    latest news" section, beginning at 7 am. To access the replay of the
    conference call, please dial + 33 1 72 28 01 49, code: 191186#.

    -- Financial communications calendar

    -- Annual Shareholders' Meeting

    Tuesday, January 30, 2007 at 4:30 pm (Paris time) at the Palais
    des Congres (Porte Maillot in, Paris).

    -- First half revenues

    Wednesday, April 4, 2007, conference call.

    -- First half Fiscal 2007 results

    Thursday, April 26, 2007. A presentation for analysts and
    journalists will be held the same day.

    The above dates are provided for information only and are subject
    to change.

    -- About SODEXHO ALLIANCE

    SODEXHO ALLIANCE, founded in 1966 by Pierre Bellon, is the leading
    global provider of Food and Facilities Management services, with more
    than 332,000 employees on 28,300 sites in 80 countries. For Fiscal
    2006, which closed August 31, 2006, SODEXHO ALLIANCE had sales of 12.8
    billion euro. Listed on Euronext Paris and on the New York Stock
    Exchange, the Group's current market capitalization is 7.6 billion
    euro.

    This press release contains 'forward-looking statements' within
    the meaning of the United States Private Securities Litigation Reform
    Act of 1995. These include, but are not limited to, statements
    regarding anticipated future events and financial performance with
    respect to our operations. Forward-looking statements can be
    identified by the fact that they do not relate strictly to historical
    or current facts. They often include words like 'believe,' 'expect,'
    'anticipate,' 'estimated' , 'project ' , 'plan' 'pro forma,' and
    'intend' or future or conditional verbs such as 'will,' 'would,' or
    'may.' Factors that could cause actual results to differ materially
    from expected results include, but are not limited to, those set forth
    in our Registration Statement on Form 20-F, as filed with the
    Securities and Exchange Commission (SEC), the competitive environment
    in which we operate, changes in general economic conditions and
    changes in the French, American and/or global financial and/or capital
    markets. Forward-looking statements represent management's views as of
    the date they are made, and we assume no obligation to update any
    forward-looking statements for actual events occurring after that
    date. You are cautioned not to place undue reliance on our
    forward-looking statements.

    Annex 1

    Comparison of Consolidated Revenues

    -0-
    *T
    Fiscal Fiscal % Variations
    2006 2007
    --------------------------------------
    FIRST QUARTER at at
    (Sept to Nov) current constant
    exchange exchange
    rates rates
    Food and Facilities Management
    services
    - North America 1,527,658 1,541,151 0.9 % 7.1 %
    - Continental Europe 1,076,643 1,151,281 6.9 % 6.9 %
    - United Kingdom and Ireland 332,971 365,713 9.8 % 8.8 %
    - Rest of World 340,191 396,810 16.6 % 22.0 %
    . Service Vouchers and Cards 82,525 98,321 19.1 % 22.9 %
    . Elimination of intragroup - 1 758 - 1 765
    Revenues
    --------------------------------------
    3,358,230 3,551,511 5.8 % 9.1 %
    --------------------------------------
    *T

    Growth breakdown:

    - Organic growth 9.0 %

    - Acquisitions (*) 0.1 %

    - Currency effect - 3.3 %

    (*) net of divestitures

    Annex 2: Food and Facilities Management services revenue by
    segment

    Consolidated Group

    -0-
    *T
    In millions of euro 3 months 3 months Fiscal Organic growth
    Fiscal 2006 2007 (1)
    ----------------------------------------------------------------------
    -- Business & Industry 1,518 1,632 9.6 %
    -- Healthcare 795 836 8.9 %
    -- Education 964 987 7.2 %
    ----------------------------------------------------------------------
    TOTAL 3,277 3,455 8.7 %
    ----------------------------------------------------------------------
    *T

    North America

    -0-
    *T
    In millions of euro 3 months 3 months Fiscal Organic growth
    Fiscal 2006 2007 (1)
    ----------------------------------------------------------------------
    -- Business & Industry 346 334 5.0 %
    -- Healthcare 486 496 8.4 %
    -- Education 695 711 8.7 %
    ----------------------------------------------------------------------
    TOTAL 1,528 1,541 7.8 %
    ----------------------------------------------------------------------
    *T

    Continental Europe

    -0-
    *T
    In millions of euro 3 months 3 months Fiscal Organic growth
    Fiscal 2006 2007 (1)
    ----------------------------------------------------------------------
    -- Business & Industry 627 672 5.7 %
    -- Healthcare 243 265 8.9 %
    -- Education 207 214 3.4 %
    ----------------------------------------------------------------------
    TOTAL 1,077 1,151 6.0 %
    ----------------------------------------------------------------------
    *T

    United Kingdom and Ireland

    -0-
    *T
    In millions of euro 3 months 3 months Fiscal Organic growth
    Fiscal 2006 2007 (1)
    ----------------------------------------------------------------------
    -- Business & Industry 238 264 10.0 %
    -- Healthcare 52 59 13.8 %
    -- Education 43 42 -4.2 %
    ----------------------------------------------------------------------
    TOTAL 333 366 8.8 %
    ----------------------------------------------------------------------
    *T

    (1) Organic growth: increase in revenues at constant consolidation
    scope and exchange rates.

    -- Annex 3: Selection of new clients

    Foodservices & Facilities Management

    North America

    Business & Industry

    Alcatel, Canada, (2,000 employees, foodservices); General Electric
    Nuclear Energy, Wilmington, North Carolina, (1,970 employees,
    foodservices); USAA, multiple sites, (20,000 employees, foodservices)

    Healthcare and Seniors

    Pincecrest Community, Mount Morris, Illinois, (215 beds,
    foodservices); Sheppard Pratt Health System, Baltimore, Maryland (322
    beds, foodservices); Miriam Hospital Providence, Rhode Island, (208
    beds, foodservices); Landmark Medical Center, Woonsocket, Rhode
    Island, (255 beds, facilities management)

    Education

    Clayton University, Morrow, Georgia, (5,600 students,
    foodservices); State University of New York-Buffalo, New York, (27,000
    students, facilities management); National Heritage Academy, Grand
    Rapids, Michigan, (52 schools, 26,000 students, foodservices and
    facilities management); Gary Community School Corporation, Gary,
    Indiana, (34 schools, 17,000 students, foodservice); Mariposa County
    USD, Mariposa, California, (14 schools, 2,600 students, foodservices);
    Lafayette Academy, New Orleans, Louisiana, (750 students,
    foodservices)

    Continental Europe

    Business & Industry

    Alcatel Montaigne, France (2,000 employees, foodservices); IBM
    Brondby, Denmark (900 employees, foodservices); BPS Westpoint,
    Netherlands (600 employees, foodservices)

    Healthcare and Seniors

    Clinique Saint Jean Languedoc, France (300 beds, foodservices);
    Grand Hotel Philadelphia, Netherlands (100 people, foodservices)

    Education

    University of Milan, Italy (200 customers, foodservices); Lidingo
    Stad, Sweden (2,500 people, foodservices)

    UK & Ireland

    Business & Industry

    Royal Horticultural Society (Hampton Court Palace Flower Show),
    Hampton, (170,000 visitors, food services); ING Bank, London, (1,300
    employees, facilities management); United Biscuits, head office in
    Hayes and 11 manufacturing sites, (7,500 employees, food services);
    GlaxoSmithKline, five R&D sites (laboratory services)

    Rest of the World

    Business & Industry

    CMPC Celulosa , three sites, Chile (1,300 employees, foodservices
    and facilities management); Rio Tinto, Madagascar (750 employees, camp
    construction and camp management services); BP Shorebase Camp,
    Indonesia (150 employees, camp construction and maintenance services);
    Fluor O&M, Quatar (3,700 employees, camp operation and maintenance
    services); Unilever China Head Office, Shanghai, China (1,000
    employees, foodservices); Tianjin Faw Toyota Motor, China (2,300
    employees, foodservices); No 3 bund, Shanghai, China (700 employees,
    foodservices); Rittal Electro-Mechanical Technology, Shanghai, China
    (800 employees, foodservices)

    Healthcare and Seniors

    Hospital Sao Lutz, Brazil (250 beds, foodservices), Caritas
    Medical Centre, Hong Kong (1,000 beds, foodservices)

    Service Vouchers and Cards

    Latin America :

    Argentina: Philip Morris (Meal Pass, 60 beneficiaries); Torneos y
    Competencias (Food Pass, 350 beneficiaries), Brazil: ADP (Food Pass,
    780 beneficiaries), Banco de eventos (Meal Pass, 790 beneficiaries),
    Casa Bahia Comercial (Meal Pass, 1,770 beneficiaries), Instituto Paulo
    Freire (Food Pass, 3,970 beneficiaries), Colombia: Teledatos (Mobility
    Pass, 525 beneficiaries); Telmex (Motivation Pass, 50 beneficiaries),
    Mexico: Skyworks (Food Pass, 2,01O beneficiaries); Conagua (Mobility
    Pass, 165 beneficiaries); Peru: Caja Sur (Food Pass, 150
    beneficiaries); Venezuela: M G H Proteccion Integral (Food Pass, 1,260
    beneficiaries), Venevision (Food Pass, 1,700 beneficiaries), Orinoco
    Iron (Food Pass, 755 beneficiaries)

    Asia :

    India: Bhillai Steel Plant (Gift Pass, 37,450 beneficiaries), Ford
    (Gift Pass, 2,800 beneficiaries), JP Morgan Chase (Meal Pass, 1,950
    beneficiaries); Indonesia: Honda (Gift Pass, 12,100 beneficiaries);
    Philippines: Accenture (Gift Pass, 5,000 beneficiaries), Siemens(Gift
    Pass, 300 beneficiaries)

    Central Europe:

    Bulgaria: Bulyard (Food Pass, 1,300 beneficiaries); Danone (Food
    Pass, 400 beneficiaries); Piccadilly (Gift Pass, 1,600 beneficiaries);

    Hungary: MAV (Gift Pass, 3,000 beneficiaries); Poland: Kopalnia
    Wegla Kamiennego "Boleslaw Smialy" (Gift Pass, 1,460 beneficiaries),
    SAP (Education & Leisure Pass, 170 beneficiaries), Lidl (Gift Pass,
    7,660 beneficiaries), Mittal Steel (Gift Pass, 800 beneficiaries);
    Romania: Centrul de transfuzie sanguina (Food Pass, 2,450
    beneficiaries), Sind Romania (Food Pass, 1,475 beneficiaries),
    Slovakia: T-mobile (Holiday Pass, 1,200 beneficiaries), Yazaki (Gift
    Pass, 1,700 beneficiaries)

    Western Europe:

    Belgium: Kristelijke Medico-Sociale Institut (Meal Pass, 780
    beneficiaries); France: Adecco (Gift Pass, 12,630 beneficiaries);
    Volvo Europa Truck (Sport et culture, 2,425 beneficiaries); KBC bank
    (Meal Pass, 2,000 beneficiaries);

    Italy: Ferrovie Nord (Meal Pass, 1,500 beneficiaries); LENORD
    (Meal Pass, 2,000 beneficiaries); Spain: Motor Press (Meal Pass, 375
    beneficiaries)

    Turkey: Sosyal Yardimlasma ve Dayanisma Vakfi (Assistance Pass,
    1,760 beneficiaries)