Empresas y finanzas

Sodexho Announces an Increase in Organic Growth for First-Half Fiscal 2007 : + 8.2 %



    SODEXHO ALLIANCE (Paris: SW) (NYSE:SDX), the leading global
    provider of Food and Facilities Management services, today announced
    consolidated revenues for first-half Fiscal 2007, ended February 28,
    2007.

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    Revenue by activity

    In millions of First First
    euro Half Half Organic Currency AcquisitionsTotal
    Fiscal Fiscal growth(1) impact(2) change
    2006 2007
    ----------------------------------------------------------------------
    Food and
    Facilities
    Management
    Services: 6,371 6,612 7.9% - 4.2% 0.1% 3.8 %
    -- North America 2,919 2,890 7.6% - 8.1% - 0.5%- 1.0 %
    -- Continental
    Europe 2,111 2,236 4.9% 0.1% 0.9% 5.9 %
    -- United Kingdom
    and Ireland 663 720 6.9% 1.6% - 8.5 %
    -- Rest of the
    World 678 766 19.4% - 6.5% 0.1% 13.0%
    ----------------------------------------------------------------------
    Service Vouchers
    and Cards 178 211 20.5% - 4.5% 2.4% 18.4%
    ----------------------------------------------------------------------
    Elimination of
    intragroup
    revenues (3) (4)
    ----------------------------------------------------------------------
    TOTAL 6,546 6,819 8.2% - 4.2% 0.2% 4.2 %
    ----------------------------------------------------------------------

    1) Organic growth: increase in revenues at constant consolidation
    scope and exchange rates.
    2) The current impact is (-4.2)%. 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-half revenues, Michel Landel, Chief
    Executive Officer, said: "The acceleration in organic growth during
    the first six months, resulting particularly from comparable unit
    growth, is very encouraging. The scope of our global network and the
    emphasis we have given over the past few years to constant innovation
    in our quality of life services offers are significant sources of
    competitive advantage. These lend support to our strategy and
    Sodexho's leadership position in the fast-growing Facilities
    Management market. Our good first-half performance leads us today to
    anticipate organic growth exceeding 7% for Fiscal 2007, in line with
    our medium term objective of annual average organic 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 7.6% with a confirmation of a
    return to growth in Business & Industry

    -- Continental Europe: + 4.9%, with sustained momentum in
    Healthcare and Seniors

    -- United Kingdom and Ireland: + 6.9%, a result of strong
    performance in Healthcare and Defense

    -- Rest of the World: + 19.4%, with double-digit growth across
    all geographies

    In North America, Business and Industry (+ 5.8%) benefited from a
    number of growth drivers: improvement in client retention, increase in
    comparable unit growth. New sales activity accelerated, particularly
    in Facilities Management. New contract wins include Pfizer, USAA
    Insurance in Texas and the Houston Zoo.

    Organic growth of 7.9% in Healthcare and Seniors reflects mainly a
    solid increase in revenues on existing sites driven by continued
    innovation in Facilities Management service offerings. New contract
    wins include Moses Cone in North Carolina, Stanford University
    Hospital in California and Tulsa Regional Hospital in Oklahoma.

    Organic growth of 8.2% in Education was led by a number of
    factors, including:

    -- sustained demand for Facilities Management services,
    especially for construction and renovation projects

    -- strong comparable unit foodservice revenues for both schools
    and universities, and

    -- the positive effect of the improvement in client retention
    achieved in fiscal 2006.

    In North America, Sodexho also received several recognitions:

    -- Sodexho received the Most Innovative Recruiting and Staffing
    Initiative award from the International Quality and
    Productivity Center for best practices in workforce
    management.

    -- Sodexho Canada was re-certified at the Gold level of
    Progressive Aboriginal Relations for its continued commitment
    to evolution and progress in aboriginal communities.

    -- Sodexho was named a "Top Company for Latinas" by LATINA Style
    Magazine for the fifth time and as a "Top Corporation for
    Supplier Diversity" by Hispanic Trends.

    In Continental Europe, the increase in revenues in Business &
    Industry (+ 3.8%) reflected varying performance by countries:

    -- good continued sales growth in Central Europe

    -- strong growth of existing site sales, in Spain, for example

    -- mixed performance in other countries (particularly, Italy and
    the Netherlands), linked to the economic environment and the
    focus by Sodexho's local teams on profitable contractual
    terms.

    Growth of 7.1 % in Healthcare and Seniors reflects the extensive
    service offerings and high level of prior year sales. Among recent
    contract wins are the University Hospital of Gand in Belgium and
    Fourvieres Hospital in France.

    The growth rate in Education (+ 5.5%) can be attributed to
    improved client retention rates and continued selectivity,
    particularly in public markets. New clients include the schools of
    Dresden Fraichaud in Germany and Sigtuna and Atvidaberg in Sweden.

    The period also saw recognition for the work of Sodexho's teams in
    Continental Europe including:

    -- In France, Sodexho received the 2006 Corporate Diversity Award
    for Innovation.

    -- In Belgium, Sodexho was the first company in its industry
    sector given the right to use the government-sponsored
    National Nutrition and Health Plan designation, an effort to
    combat unhealthy eating habits.

    -- In the Netherlands, all Sodexho's Facilities Management sites
    received ISO 9001 certification as of January, 2007.

    In the United Kingdom and Ireland, the growth of close to 7%
    confirms Sodexho's return to growth. This increase results
    particularly from Healthcare, Correctional Facilities and, to a lesser
    extent, Defense. Private Finance Initiative (PFI) contracts have been
    ramped up to normal operating levels. Sales activity in the leisure
    market accelerated as illustrated by the contract recently awarded for
    the World Scouts Jamboree.

    Sodexho was recognized by the Edge Foundation, for providing
    outstanding learning opportunities through its apprenticeship and
    vocational programs.

    In the Rest of the World, organic growth in Food and Facilities
    Management services remained buoyant at 19.4%.

    The strength of raw material prices contributed to good revenue
    growth in Remote Sites, particularly in the Mideast, Africa and
    Australia and, in the mining sector, in Latin America. Sodexho won new
    contracts with PlusPetrol and Norsemont in Peru, Petrobras in
    Argentina, Ensco in Qatar and Red Sea Housing in Saudia Arabia.

    Finally, in China and India, Sodexho's expansion continues at a
    rapid pace, particularly with an important contract in Facilities
    Management and Service Vouchers and Cards with IBM.

    Among the distinctions received by Sodexho:

    -- Sodexho Mexico received a social responsibility award for the
    third consecutive year for its emphasis on quality of life for
    employees, business ethics, community involvement and
    environmental protection.

    -- In Brazil, Sodexho was recognized as a best employer by HR
    professionals from 800 of Brazil's most important companies.

    Service Vouchers and Cards

    Organic growth: +20.5%

    Fueled particularly by Latin America, especially Venezuela, issue
    volume totaled 3.7 billion euros, up 18.4% (at constant consolidation
    scope and exchange rates).

    This remarkable organic revenue growth can be attributed
    principally to:

    -- innovative offers in several countries for year-end holiday
    season gift vouchers

    -- increases in voucher face values and the number of potential
    beneficiaries in certain countries, such as Argentina and
    Venezuela

    -- continued strong sales force performance.

    At the initiative of the Center for Public-Private Sector Studies,
    Sodexho Service Vouchers and Cards received in France the first
    Public-Private award for innovative service offers to meet the needs
    of local authorities.

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    -- Conference call

    SODEXHO ALLIANCE will hold a conference call today to discuss
    first-half revenues for Fiscal 2007. The call will begin at 8:30am
    (Paris time). The call-in access number is +33 (0)1 72 26 01 65.
    The press release and the slideshow will be available on the
    internet by clicking on the link www.sodexho.com, under the
    "Latest News" section, beginning at 7:00 am. To access the
    rebroadcast of the conference call, please dial
    + 33 (0)1 72 28 01 39, code: 196024#.

    -- Financial communications calendar

    -- First half Fiscal 2007 results

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

    -- Revenues for the first nine months of Fiscal 2007

    Wednesday, July 4, 2007. The announcement will be followed by a
    conference call.

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

    -- 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 8.7 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.

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    Annex 1: Consolidated Revenues

    In thousands of euro
    --------------------------------------
    2005/2006 2006/2007
    --------------------------------------
    FIRST QUARTER (Sept. to Nov.)
    . Food and management services
    - North America 1 527 658 1 541 151
    - Continental Europe 1 076 643 1 151 281
    - United Kingdom and Ireland 332 971 365 713
    - Rest of World 340 191 396 810
    . Service Vouchers and Cards 82 525 98 321
    . Elimination of intragroup
    Revenues -1 758 -1 765
    --------------------------------------
    3 358 230 3 551 511
    --------------------------------------

    SECOND QUARTER (Dec. to Feb.)
    . Food and management services
    - North America 1 390 868 1 348 714
    - Continental Europe 1 034 727 1 084 770
    - United Kingdom and Ireland 330 433 354 209
    - Rest of World 337 770 369 136
    . Service Vouchers and Cards 95 812 112 899
    . Elimination of intragroup
    Revenues - 1 524 -2 106
    --------------------------------------
    3 188 086 3 267 622
    --------------------------------------

    % Variations
    at at
    current constant
    exchangeexchange
    . Food and management services rates rates
    -----------------
    - North America 2 918 526 2 889 865 -1.0% 7.1%
    - Continental Europe 2 111 370 2 236 051 5.9% 5.8%
    - United Kingdom and Ireland 663 404 719 922 8.5% 6.9%
    - Rest of World 677 961 765 946 13.0% 19.5%
    . Service Vouchers and Cards 178 337 211 220 18.4% 22.9%
    . Elimination of intragroup
    Revenues - 3 282 -3 871
    --------------------------------------
    TOTAL 6 546 316 6 819 133 4.2% 8.4%
    --------------------------------------
    *T

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    Growth breakdown :

    - Organic growth : 8.2 %
    - Acquisitions (*) : 0.2 %
    - Currency effect : -4.2 %

    (*) net of divestitures
    *T

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    Annex 2: Food and Facilities Management services revenue by segment

    Consolidated Group

    In millions of euro First half First half Organic
    Fiscal 2006 Fiscal 2007 Growth(1)
    ----------------------------------------------------------------------
    -- Business & Industry 3,008 3,184 8.2%
    -- Healthcare 1,619 1,660 7.8%
    -- Education 1,744 1,768 7.3%
    ----------------------------------------------------------------------
    TOTAL 6,371 6,612 7.9%
    ----------------------------------------------------------------------
    *T

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    North America

    In millions of euro First half First half Organic
    Fiscal 2006 Fiscal 2007 Growth(1)
    ----------------------------------------------------------------------
    -- Business & Industry 677 649 5.8%
    -- Healthcare 997 995 7.9%
    -- Education 1,245 1,246 8.2%
    ----------------------------------------------------------------------
    TOTAL 2,919 2,890 7.6%
    ----------------------------------------------------------------------
    *T

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    Continental Europe

    In millions of euro First half First half Organic
    Fiscal 2006 Fiscal 2007 Growth(1)
    ----------------------------------------------------------------------
    -- Business & Industry 1,239 1,308 3.8%
    -- Healthcare 481 516 7.1%
    -- Education 391 412 5.5%
    ----------------------------------------------------------------------
    TOTAL 2,111 2,236 4.9%
    ----------------------------------------------------------------------
    *T

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    United Kingdom and Ireland

    In millions of euro First half First half Organic
    Fiscal 2006 Fiscal 2007 Growth(1)
    ----------------------------------------------------------------------
    -- Business & Industry 476 522 8.1%
    -- Healthcare 106 119 9.6%
    -- Education 81 79 -3.5%
    ----------------------------------------------------------------------
    TOTAL 663 720 6.9%
    ----------------------------------------------------------------------
    *T

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

    Annex 3: Selection of new clients

    Foodservices and Facilities Management

    North America

    Business & Industry

    USAA Insurance, Texas (foodservices), Houston Zoo, Houston, Texas
    (1.4 million visitors, foodservices); American Family, multiple sites
    (4,200 employees, foodservices and facilities management); Cafe St.
    Barts, St. Bartholomew's Church, New York (1,000 customers per day,
    foodservices, special events)

    Healthcare and Seniors

    Stanford University Medical Center, Palo Alto, California, (430
    beds, plant operations and maintenance); Moses Cone Health Center,
    Greensboro, North Carolina, (535 beds, foodservices and facilities
    management); Nova Gold, British Columbia, Canada, (1,000 beds,
    foodservices and facilities management)

    Education

    Stevens Institute of Technology, Hoboken, New Jersey, (4,500
    students, foodservices); Recovery School District, New Orleans,
    Louisiana, (8,500 students, foodservices and facilities management);
    Blue Springs School District, Blue Spring, Missouri,(14,000 students,
    foodservices)

    Continental Europe

    Leisure

    Eiffel Tower, France (6 million visitors annually, foodservices),

    Business & Industry

    KLM, Netherlands (foodservices and facilities management), BMW
    Bistro, Belgium (restaurant); C.E.A Biii, France (2,300 employees,
    foodservices)

    Healthcare and Seniors

    UZ Gent, Belgium (1,050 beds, foodservices); Hopital de Fourviere,
    France (265 beds, foodservices) Leonardo da Vinci hospitals, France,
    (400 beds, foodservices and facilities management)

    Education

    Dresden Fraichaud CCS, Germany (20,000 meals/day, foodservices);
    Schools in Atvidaberg, Sweden (2,000 students, foodservices)

    United Kingdom and Ireland

    Prestige

    World Scouts Jamboree, Chelmsford, (10 days, 40,000 people,
    foodservices);

    Education

    Abingdon School, Oxford, (800 students, foodservices and
    facilities management); University of Nottingham, Nottingham, (1,000
    employees, foodservices); University of Bedfordshire, Luton, (12,500
    students, foodservices)

    Rest of the World

    Business & Industry

    IBM, India (foodservices, facilities management and Service
    Vouchers and Cards); Johnson Health Tech. Co.,Ltd., Shanghai, China
    (5,000 employees, foodservices); Suzhou Industrial Park Xinhai School,
    Suzhou, China, (2,400 employees, foodservices); Henkel (China) Co.,
    Ltd., Shanghai, China, (650 employees, foodservices); Ensco, Quatar,
    (100 employees, foodservices and facilities management); Caroil,
    Congo, (100 people, facilities management); Red Sea Housing, Saudia
    Arabia, (4 camps, 400 people, foodservices and facilities management);
    PlusPetrol, Peru (facilities management); Embraer Neiva, Brazil,
    (2,500 meals/day, foodservices)

    Service Vouchers and Cards

    Argentina: Aceitera General Deheza (Food Pass, 1,600
    beneficiaries): Coca-Cola (Food Pass, 2,160 beneficiaries); Brazil:
    Banese (Food Pass, 1,330 beneficiaries); Secretaria Municipal de Saude
    (Gift Pass, 12,770 vouchers); Chile: BBVA (Mobility Pass, 3,000
    vouchers); Royal & SunAlliance (Meal Pass, 200 beneficiaries);
    Colombia: Fondo Nacional del Ahorro (Mobility Pass, 130 vouchers);
    Castrol (Gift Pass, 1,200 vouchers); Mexico: Asamblea Legislativa del
    Distrito Federal (Meal Pass, 700 beneficiaries); Banco de Mexico (Meal
    Pass); Venezuela: Alcaldia Municipal del Distrito Sotillo (Food Pass,
    830 beneficiaries); Cargill (Food Pass, 670 beneficiaries)

    India: Air Liquide (Gift Pass, 240 vouchers); Calyon (Meal Pass,
    150 beneficiaries); Prudential (Meal Pass, 630 beneficiaries)

    Bulgaria: Petrol (Food Pass, 2,900 beneficiaries); Societe
    Generale (Food Pass, 1,200 beneficiaries); Czech Republic: Telefonica
    (Holiday Pass); E.ON (Flexi Pass); Poland: ThyssenKrupp (Gift Pass,
    1,660 vouchers); Romania: University of Pitesti (Food Pass, 780
    beneficiaries); Slovakia: Telefonica (Meal Pass, 120 beneficiaries)

    France: Mainguy (Meal Pass, 1,200 beneficiaries; Areva (CESU);
    Total (CESU, 1,200 beneficiaries); Region Basse-Normandie (Assistance
    Pass, 55,000 beneficiaries); Region Auvergne (Assistance Pass, 46,000
    beneficiaries); Spain: Altran (Meal Pass, 120 beneficiaries); Caixa
    (Assistance Pass, 100,000 families) ; UK: Citigroup (Education Pass)