Sodexo Announces an Increase in Results for the First Half of Fiscal 2008

17/04/2008 - 11:50

Regulatory News:

Sodexo (PARIS:SW) (OTCBB:SDXAY) : At the Board of Directors
meeting on April 15, 2008, chaired by Pierre Bellon, Michel Landel

the Chief Executive Officer of Sodexo, presented the Group´s
performance for the first half of Fiscal 2008.

First-half Fiscal 2008 financial performance

-0-
*T

Periods closed

February 28

and 29

--------------------------------------------
millions of euro

First- First- % change

half

excluding Currency Total %

Fiscal Fiscal currency

impact

change

2008

2007

impact

(1)
----------------------------------------------------------------------
Income statement highlights
----------------------------------------------------------------------
Revenue

7,080

6,819

+ 9.6%

-5.8 % + 3.8 %
----------------------------------------------------------------------
Organic growth

+ 9.2 % + 8.2 %

-
----------------------------------------------------------------------
Operating profit

393

364

+14.9%

-7.0 % + 7.9 %
----------------------------------------------------------------------
Operating margin

5.5 %

5.3 %

-
----------------------------------------------------------------------
Net income

219

198

+16.9%

- 6.5% + 10.4 %
----------------------------------------------------------------------
Financial structure highlights
----------------------------------------------------------------------
Net cash provided by

operating activities

378

211
------------------------------------------
Gearing

12%

25%
------------------------------------------
*T

(1) The currency impact is determined by applying the average
exchange rate for the first half of the previous year to the figures
for the first half of the current year. For the first half of Fiscal
2008, the average conversion rate between the US dollar and the euro
was 1.4555.

Commenting on these results, Sodexo CEO, Michel Landel, said:

"Our first-half operating performance is very good. In an
uncertain global economic environment, we have demonstrated our
capability to again improve our results. The level of cash generated
in the first half confirms the strength of Sodexo´s financial model.
This performance is in line with our Ambition 2015, to double our
Fiscal 2005 revenue by 2015. I thank our clients for the confidence
they place in us and our teams for their valuable efforts."

1-Important effect of exchange rates in the first half

The euro appreciated in the first half against the US dollar by
11% and against the pound sterling by 6.4%. Sodexo has revenues and
expenses in the same currency in the countries in which it operates
and therefore these exchange differences carry no operating risk.

2-Organic revenue growth increase of 9.2%

Organic revenue growth, at constant scope of consolidation and
excluding currency impact, accelerated to 9.2%, compared to 8.2% for
the same period last year. This growth reflects the contribution of
all activities and geographies and in particular accelerating growth
in Continental Europe and the hospitality contract for the 2007 Rugby
World Cup.

3-An increase of 14.9% in operating profit, excluding currency
impact, and a further improvement in operating margin of 0.2%

The increase in operating profit results particularly from:

-- Sodexo´s performance in Food and Facilities Management

Services in North America

-- volume growth in the Service Vouchers and Cards activity

-- the Rugby World Cup hospitality contract.

The following trends in operating profit by business unit were
identified(1) :

Food and Facilities Management Services

In North America, operating profit was 162 million euro, up nearly
11.7%. The operating margin increased from 5.6% to 5.9%. This
improvement is mainly a result of:

-- productivity gains on sites related to procurement and labor

management;

-- improved performance in Healthcare, Seniors and Education;

-- good control of food cost inflation.

In Continental Europe, operating profit was 124 million euro and
progressed in line with revenue (+7.9 %). The operating margin remains
5.1%. This performance reflects a combination of factors:

-- Sodexo´s ability to control food cost inflation;

-- operating performance in France, essentially linked to further

progress in managing its menus on sites;

-- higher value-added service offerings (for example, in

Facilities Management, particularly in the Netherlands, France

and Poland).

It was however offset by a more moderate increase in operating
profit in Southern Europe.

In the UK and Ireland, operating profit was 50 million euro.
Operating margin increased to 6.1% versus 4.2% during the same period
last year. This improvement compared to the first half of the previous
year was exceptional in nature and mainly resulted from the
significant contribution of the 2007 Rugby World Cup hospitality
contract recorded in the United Kingdom, as well as continued actions
to improve productivity on sites.

In the Rest of the World, organic revenue growth was 11.2%.
Operating profit was 9 million euro.

Two temporary factors weighed on first half operating profit:

-- The high costs associated with the start-up of certain

Australian mining projects and some contracts in Chile and

Brazil

-- Continued investment by Sodexo in human resources in India, in

China and in Latin America.

These elements will weigh on performance in the Rest of the World
for the full-year Fiscal 2008.

Service Vouchers and Cards

Operating profit was 82 million euro, an increase of 26.8%. The
operating margin was 30.9% (about 1.7% of issue volume) compared to
31.3% in the first half of Fiscal 2007. This slight and expected
decline mainly resulted from the impact of the Tir Groupe acquisition
before the full effect of synergies is felt in the medium-term.

4-Significant increase of 16.9% in net income, excluding currency
impact

Net income increased 10.4%, or 16.9%, excluding currency impact.
This evolution, exceeding the increase in operating profit, is mainly
explained by an improvement in financing costs related to the
repayment of debt as well as a slight reduction in the tax rate.

5-Further improvement in net cash provided by operating activities

Net cash provided by operating activities amounted to 378 million
euro, an increase of 167 million euro compared to the first half of
Fiscal 2007.

This increase resulted mainly from:

-- growth in operating profit of 29 million euro, and

-- the change in working capital. Although this change

traditionally weighs on cash provided by operating activities

in the first half, it is a significant improvement compared to

the previous year, a result particularly from major

developments in the Service Vouchers and Cards activity.

6-Recent acquisitions

The Group has made three major acquisitions since September 1

2007:

-- The October 2, 2007 acquisition of 100% of the Gift Vouchers

business of Tir Groupe, France´s leader in the market for

businesses and public authorities.

-- The October 31, 2007 acquisition of 100% of Circles, leader in

concierge services in the United States.

-- The March 3, 2008 acquisition of 100% of Grupo VR´s Service

Vouchers and Cards in Brazil, the third largest issuer in

Brazil, making Sodexo the leader in Brazil, the world´s

largest market for this activity.

As of February 29, 2008, net debt was 247 million euro and
represented only 12% of Group shareholders´ equity. If the Grupo VR
acquisition made on March 3, 2008 were to be included, the Group´s net
debt would be 617 million euro, or 30% of Group equity.

The Group has been honored with a triple distinction, in
Sustainable Asset Management´s (SAM) 2008 "Sustainability Yearbook,"
which identifies companies that combine economic performance with
sustainability, among the world´s 2,500 largest corporations. Sodexo
was named SAM Worldwide Supersector Leader 2008, SAM Gold Class 2008
and SAM Sector Mover 2008. Sodexo is the only France-based company
among the 10 global leaders.

7-Proposed public tender offer to repurchase shares representing
7.8% of Sodexo´s capital

On April 15, 2008, the Board of Directors of Sodexo decided to
proceed with the share repurchase program as approved by and within
the limits fixed by the January 22, 2008 Annual Shareholders´ Meeting.
Through a simplified public tender offer (OPAS), Sodexo is considering
buying up to 12.5 million of its own shares, representing 7.8% of its
share capital, at a bid price of 42.5 euros, with coupon.

The bid price represents a premium of over 14% on the 1 month
average share price and of nearly 15% over the closing share price as
of April 16, 2008. The tender offer filing should be submitted to the
French market authority, L´Autorite des Marches Financiers (AMF)
before the end of April.

The shares would be purchased in order to be subsequently
cancelled.

The Board of Directors appointed a committee comprising the six
independent directors in order to supervise the study of such a share
repurchase program and to approve its implementation. The committee
has been provided with a report from an Independent Expert confirming
the fairness of the offer price.

The impact of the transaction on Sodexo´s earnings per share would
be positive.

This transaction of a maximum of EUR 530 million will be funded by
Sodexo through its existing bank facilities as well as its available
cash. The financial situation of the Group would be improved by this
transaction. Sodexo will pursue its organic growth strategy, completed
by targeted acquisitions.

Sodexo intends to maintain its dividend strategy, subject to the
availability of distributable reserves. Sodexo´s philosophy is to meet
the needs of its clients, employees and shareholders. As a result of
strong cash flow generation, Sodexo´s objective is to allow its
shareholders to continue to benefit from the growth in earnings.

Sodexo´s controlling shareholder, Bellon S.A., has indicated it
would not participate in the offer. Consequently, Bellon S.A.´s stake
in Sodexo will increase following the offer. The AMF has announced
today that it has waived Bellon S.A.´s obligation to launch a
mandatory tender offer.

"This financial transaction allows Sodexo´s shareholders to
benefit from the strong cash flow generation and enhances the
financial structure of the Group by improving the balance between
equity and debt. This transaction meets the expectations of the
financial community and demonstrates our full confidence in the
Group´s ability to achieve Ambition 2015 and in the Group´s future "
said Michel Landel, CEO of the Sodexo Group.

8-Confirmation of Fiscal 2008 objectives

With a strong performance in the first half, and despite the
uncertainties about the current economic environment, Sodexo confirms
the objectives for the current fiscal year:

-- an increase in organic revenue exceeding 7%

-- an increase in operating profit of around 12%, excluding

currency impact

The significant currency impact in the first half is related to
the appreciation of the euro versus several currencies, particularly
the US dollar. If this situation should worsen during the second half
of the year, it could continue to weigh as a conversion effect on the
Group´s consolidated financial statements.

About SODEXO

SODEXO, founded in 1966 by Pierre Bellon, a world leader in Food
and Facilities Management services, with more than 342,380 employees
on 29,000 sites in 80 countries. For Fiscal 2007, which closed August
31, 2007, SODEXO had revenues of 13.4 billion euro. Listed on Euronext
Paris, the Group´s current market capitalization is 5.9 billion euro.

Conference call

SODEXO will hold a conference call today at 8:30 a.m. (French
time), on the results for the first half of Fiscal 2008. The call can
be accessed by dialing + 33 1 72 26 01 28. The press release and
presentation will be available on Sodexo´s website beginning at 7:00
a.m., by clicking on the link: www.sodexo.com, under the heading "last
News". The recording of the conference call will be available at + 33
1 72 28 01 49 followed by the code 219278#.

First Half financial report

The first half financial report will be available online by April
30,2008 on Sodexo website www.sodexo.com, in "Regulated information"
section. It includes the summarized consolidated financial statements
for the first half fiscal 2008 the activity report for the first half

the Declaration of responsibility for the Financial report for the
first half as well as the auditors´ report on their limited review of
the above-mentioned accounts.

Disclaimer

-- This press release contains statements that may be considered

as forward-looking statements and as such may not relate

strictly to historical or current facts. These statements

represent management´s views as of the date they are made and

we assume no obligation to update them. You are cautioned not

to place undue reliance on our forward looking statements

-- The offer for the shares of the Company presented within the

framework of the share buyback program will be made

exclusively in France. The offer, as well as the acceptance of

the offer may be subject to specific regulations or to

restrictions in certain countries. The Offer is not addressed

to persons subject to these restrictions, either directly or

indirectly, and is not available to be accepted by a person

from a country where the offer would be subject to such

restrictions.

(1) Operating profit changes are stated excluding current impact

Annex 1: Financial statements first-half

Statement of income

-0-
*T

Half Year

2007-2008 Revenues change 2006-2007 %revenues

-------------------------- -------------------

-------------------

Revenue

7 080

100%

3,8%

6 819

100%

-------------------

Cost of sales

(5 994)

-84,7%

(5 812)

-85,2%

Gross profit

1 086

15,3%

7,8%

1 007

14,8%

Sales department

costs

(91)

-1,3%

(85)

-1,2%

General and

administrative costs

(611)

-8,6%

(567)

-8,3%

Other operating

income

Other operating

expenses

(7)

-0,1%

(3)

0,0%

-------------------

Operating profit

before financing

costs

393

5,5%

7,9%

364

5,3%

-------------------

Financial income

0,6%

0,5%

Financial expenses

(86)

-1,2%

(84)

-1,2%

Share of profit of

associates

0,1%

0,0%

-------------------

Profit before tax

353

5,0% 12,0%

316

4,6%

-------------------

Income tax expense

(122)

-1,7%

(112)

-1,6%

Net result from

discontinued

operations

Profit for the period

231

3,3% 13,2%

204

3,0%

Minority interests

0,2%

0,1%

-------------------

Group profit for the

period

219

3,1% 10,4%

198

2,9%

-------------------

Earnings per share (in

euro)

1,41

11,0%

1,27
*T

Consolidated balance sheet

-0-
*T

February

August

February

2 008

2 007

--------- --------- ----------

Non-current assets
Property, plant and equipment

421

440

434
Goodwill

3 416

3 515

3 574
Other intangible assets

163

122

127
Client investments

140

149

142
Associates

34
Financial assets

83
Other non-current assets

14
Deferred tax assets

146

136

242
Total non-current assets

4 423

4 500

4 650

Current assets
Financial assets

15
Derivative financial instruments

45
Inventories

193

185

189
Income tax

32
Trade receivable

2 522

2 089

2 282
Restricted cash and financial assets

related to

469

454

468
the Service Vouchers and Cards activity
Cash and cash equivalents

1 539

1 410

935
Total current assets

4 778

4 197

3 966

------------------------------------------------- --------- ----------
Total assets

9 201

8 697

8 616
------------------------------------------------- --------- ----------

February

August

February

2 008

2 007

--------- --------- ----------
Shareholders´ equity
Capital

636

636
Share premium

1 186

1 186
Undistributed net income

652

633

632
Consolidated reserves

-442

-178

-313
Total group shareholders´ equity

2 032

2 277

2 141
Minority interests

Total shareholders´ equity

2 055

2 300

2 157

Non-current liabilities
Borrowings

2 025

1 839

1 794
Employee benefits

187

232

346
Other liabilities

78
Provisions

68
Deferred tax liabilities

124

53
Total non-current liabilities

2 485

2 238

2 339

Current liabilities
Bank overdraft

84
Borrowings

153

111

104
Derivative financial instruments

1
Income tax

102
Provisions

40
Trade and other payable

2 508

2 618

2 518
Vouchers payable

1 825

1 290

1 271
Total current liabilities

4 661

4 159

4 120

------------------------------------------------- --------- ----------
Total equity and liabilities

9 201

8 697

8 616
------------------------------------------------- --------- ----------
*T

Consolidated statement of cash flow

-0-
*T

(in millions of Euro)

Half Year Half Year

Year

2007-2008 2006-2007 2006 - 2007

--------- --------- -----------
Operating activities

Operating profit before financing

costs

393

364

640

Non cash items

Depreciations

117

186
Provisions

(7)

(1)

Losses (gains) on disposals and

other, net of tax

(8)

(3)

Dividends received from associates

Change in working capital from

operating activities

(61)

(139)

188

change in inventories

(17)

(13)

(21)

change in client and other accounts

receivable

(511)

(393)

(210)

change in suppliers and other

liabilities

(67)

163

284

change in Service Vouchers and Cards

to be reimbursed

552

147

161

change in financial assets related to

the Service Vouchers and Cards

activity

(18)

(43)

(26)

Interest paid

(21)

(23)

(113)

Interest received

Income tax paid

(52)

(91)

(184)

--------- --------- -----------

Net cash provided by operating

activities

378

211

753

--------- --------- -----------

Investing activities

Tangible and intangible fixed

assets investments

(117)

(119)

(229)

Fixed assets disposals

Change in Client investments

(6)

(1)

(11)

Change in financial investments

(11)

Acquisitions of consolidated

subsidiaries

(187)

(8)

(18)

Disposals of consolidated

subsidiaries

--------- --------- -----------

Net cash used in investing

activities

(292)

(113)

(221)

--------- --------- -----------

Financing activities

Dividends paid to parent company

shareholders

(179)

(149)

(149)
Dividends paid to minority

shareholders of consolidated

companies

(10)

(7)

(10)

Change in shareholders´ equity

(17)

(33)

(61)

Proceeds from borrowings

256

524

Repayment of borrowings

(24)

(64)

(448)

--------- --------- -----------

Net cash provided by (used in)

financing activities

(242)

(144)

--------- --------- -----------

Increase in net cash and cash

equivalents

112

(144)

388

------------------------------------- --------- --------- -----------

Net effect of exchange rates on cash

(33)

(11)

(17)
Cash and cash equivalents, as of

beginning of period

1 377

1 006

--------- --------- -----------

Cash and cash equivalents, as of end

of period

1 456

851

1 377

------------------------------------- --------- --------- -----------
*T

-0-
*T
Segment analysis

--------------------------
Revenues

1st half Change 1st half

2008

2007

--------------------------

Food and Facilities Management Services

North America

2,759

-4.5%

2,890

Continental Europe

2,416

8.0%

2,236

United Kingdom and Ireland

827

14.9%

720

Rest of the World

816

6.6%

766

Service Vouchers and Cards

267

26.2%

211
Elimination of intragroups revenues

-5

-4

--------------------------

total

7,080

3,8%

6,819

--------------------------

--------------------------
Operating profit

1st half Change 1st half
(before corporate expenses)

2008

2007

--------------------------

Food and Facilities Management Services

North America

162

-0.3%

163

Continental Europe

124

7.9%

115

United Kingdom and Ireland

67.2%

Rest of the World

9 -56.6%

Service Vouchers and Cards

24.6%

Headquarters

-34

16.6%

-30

--------------------------

total

393

7,9%

364

--------------------------
*T

Annex 2: Selection of new clients

Food & Facilities Management services

North America

Business and Industry

California Public Employees Retirement System-CalPERS, Sacramento

California - 1,500 employees, Foodservices); EMC Corporation

Hopkinton, Massachusetts (1,790 employees, Foodservices); Novartis
Pharmaceuticals Corporation, East Hanover, New Jersey (4,800
employees, Foodservices); Novartis Vaccines & Diagnostics, Emeryville

California (2,200 employees, Company Store); Pioneer Hi-Bred
International Inc., Johnson, Iowa (1,400 employees, Foodservices and
Facilities Management); TCG Management Corp., Baltimore, Maryland
(4,000 employees, Foodservices); Fort Worth Museum of Science &
History, Fort Worth, Texas (2,750 visitors, Foodservices); Starbucks

LeMoore (Foodservices); Starbucks, 32nd street (Foodservices); Lowe´s
Companies, Inc., North Wilkesboro, North Carolina (Vending); Principal
Financial Group, Inc., four sites (7,230 people, Foodservices); U.S.
Army Medcom, 10 hospitals (201,000 people, Foodservices); Dallas
Museum of Art, Dallas, Texas (2,040 customers/day, Foodservices);
Place du Centre, Canada (5,000 employees, Foodservices); Thunder Bay
Homes, Canada (Facilities Management)

Defense

Anniston Army Depot (Foodservices)

Healthcare and Seniors

Brandywine Hospital, Coatsville, Pennsylvania (200 beds

Foodservices and Nutrition); Crittenton Hospital Medical Center

Rochester, Michigan (250 beds, Facilities Management); Acute Care
Hospitals, Minneapolis/St Paul, Minnesota (436 beds, Foodservices);
Marin General Hospital, Greenbrae, California (235 beds, Foodservices
and Facilities Management); Asbury Methodist Village, Gaithersburg

Maryland (1,571 people, Foodservices and Facilities Management); New
Hanover Regional Medical Center, Wilmington, North Carolina (628 beds

Foodservices); Georgetown University Hospital, Washington, DC (386
beds, Facilities Management); H & H Total Care services, Canada (170
beds, Foodservices and Facilities Management); Abbostford, Canada (410
beds, Foodservices and Facilities Management)

Education

North East ISD, (Facilities Management); Anna Maria College
(Facilities Management); Philadelphia School Administration

Pennsylvania (Foodservices); Newman-Crows Landing, Newman, California;
Cafe 440/Philadelphia School Administration, Philadelphia

Pennsylvania

Continental Europe

Business & Industry

Adidas Salomon AG World of Sport, Germany (4,000 people

Foodservices); Gillette Deutschland GMBH &CO. OHG, Germany (1,200
employees, Foodservices); 3M, Belgium (450 people, Foodservices);
Finnair, Finland (Facilities Management); CNES, Kourou, France
(Foodservices and Facilities Management); Immeuble Centre d´affaires
Paris Nord, France, (320 meals/day, Foodservices); Siemens VDO
Automotive SA, France (650 meals/day, Foodservices); Continental

France (1,200 employees, Foodservices); Somacca Renault, Morocco
(Foodservices); Telenor, Norway (5,800 employees, Foodservices);
Ministerie van Buitenlandse Zaken, The Netherlands (1,180 people

Foodservices); Solvay, The Netherlands (500 employees, Foodservices
and Facilities Management); Gemeente Rotterdam - Europoint, The
Netherlands (1,070 people, Foodservices); Siemens Elektromotory
S.R.O., Czech Republic(1,800 employees, Foodservices); Moscow City
Block C, Russia (8,700 employees, Foodservices); GE Healthcare, Sweden
(1,000 meals/day, Foodservices); Mercedes, Turkey (3,000 people

Foodservices)

Correctional Services

Justizvollzugsanstalt, Germany (600 people, Foodservices); Nantes
correctional facility, France (4,340 meals/day, Foodservices); Reau
correctional facility, France (1,600 meals/day, Foodservices);
Annoeulin correctional facility, France (1,400 meals/day

Foodservices)

Defense

Landivisiau Naval air station, France (510 meals/day

Foodservices); Forsvaret Gtbg, Sweden (1,500 meals/day, Foodservices)

Healthcare and Seniors

AZ ST Maarten, Belgium (Foodservices); Hospital San Juan de Dios

Spain (150 beds, Foodservices); Hospital Parque San Antonio, Spain (55
beds, Foodservices); Montplaisir Clinic, France (160 meals/day

Foodservices and Facilities Management); Polyclinique Pasteur, France
(120 meals/day, Foodservices and Facilities Management); Polyclinique
du Val de Loire, France (230 meals/day, Foodservices); Centre medical
departemental Francois and Marie Mercier, France (410 meals/day

Foodservices); Leopold Bellan Clinic, France (230 meals/day

Foodservices); Les Gabres nursing home, France (460 meals/day

Foodservices); Residence Arc en Ciel, France (190 meals/day

Foodservices; FAM les Iris, France (130 meals/day, Foodservices);
Residence les Castalies, France (110 meals/day, Foodservices); EHPAD
La cle des ans, France (210 meals/day, Foodservices); Foyer George
Sand, France (160 meals/day, Foodservices); Sud Francilien Hospital
Center - Site Gilles de Corbeil, France (382 beds, Foodservices);
L´Estree clinic, France (541 meals/day, Foodservices); Sainte-Marie
Clinic, France (125 beds, Foodservices); Soyaux clinical center

France (87 beds, Foodservices); Adapei 22 - ESAT Les Ateliers
Briochins, France (108 people, Foodservices); Polyclinique Vauban

France (420 meals/day, Foodservices); Albert Schweitzer Ziekenhuis

Netherlands (1,500 beds, Foodservices)

Education

Noisiel, France (1,510 meals/day, Foodservices); City Hall of
Sete, France (2,000 meals/day, Foodservices); UT Twente, Netherlands
(10,000 students, Foodservices)

Remote Sites

West Phoenix, Norway (100 people, Foodservices); Seadrill, Norway
(14 platforms, 375 people, Foodservices and Facilities Management)

UK and Ireland

Business & Industry

NFU Mutual Social Club, Stratford-upon-Avon, UK (450 people

Foodservices); Carpetright PLC, Essex, UK (350 people, Foodservices
and Facilities Management); Birches Conference Center, Kings Lynn, UK
(1,000 people, Foodservices); Heiton Buckley Limited, Dublin, Ireland
(180 people, Foodservices); APC-MGE, Galway, Ireland (320 people

Foodservices); Newcastle Building Society, Newcastle, UK (500 people

Foodservices and Facilities Management); Scottish Courts, Scotland
(three sites, 500 people, Foodservices)

Healthcare and Seniors

Walsall Metropolitan Borough Council, Walsall, UK (100,000
meals/year, Foodservices); Fournier Laboratories Limited, Cork

Ireland (170 people, Foodservices); Dairygold Food Ingredients, Cork

Ireland (300 people, Foodservices)

Education

Prior Pursglove College, Guisborough, UK (1,000 students

Foodservices); London School of Pharmacy, London, UK (150 students

Foodservices)

Rest of the World

Business & Industry

Mobil Coomera (Shop & Fuel) (EXXON Mobil), Australia (10 sites

Foodservices and Facilities Management); AXA, Melbourne, Australia
(1,800 people, Foodservices and Facilities Management); AOC, Brazil
(Foodservices); Marfrig, Brazil (Foodservices); Novartis, Brazil
(Foodservices); AGV Logistica, Brazil (Foodservices); Sofape, Brazil
(Foodservices); Plantas Ariztia, Chile (Foodservices); Emerson Process
Management Flow Technologies Co., Ltd., China (100 people

Foodservices and Facilities Management); Saint-Gobain Performance
Plastics Co., Ltd., China (200 people, Foodservices); SVA-Fujifilm
Opto-Electronic Materials Co., Ltd., China (350 people, Foodservices);
HSBC-Tseung Kwan O, China (800 people, Foodservices); Nokia, India
(30,000 people, Foodservices); Tata Consultancy Services, India
(24,000 people, Foodservices and Facilities Management); Unilever

India (300 people, Facilities Management); Total Access Communication

Thailand (1,000 employees, Foodservices)

Healthcare

Bumrungrad Hospital, Bangkok, Thailand (500 beds, Foodservices)

Remote Sites

Global Geophysical Services, Algeria (540 people, Foodservices and
Facilities Management); Global Santa Fe, Saudi Arabia (250 people

Foodservices); Woodside Petroleum, Australia (1,350 people

Foodservices and Facilities Management); Compania Minera Los
Pelambres, Chile (3,000 people, Foodservices and Facilities
Management); Minera Escondeda, Campamento 2000, Chile (2,300 people

Foodservices and Facilities Management); Proyecto Esperanza, Chile
(3,000 people, Foodservices); ROM, Chile (Foodservices); Minera
Huayanca, Peru (Foodservices); SNC Lavalin, Qatar (300 people

Services de Facilities Management)

Service Vouchers and Cards

CENTRAL EUROPE:

Bulgaria: DHL (Restaurant Pass and Food Pass, 230 beneficiaries);
British American Tobacco (Restaurant Pass, 260 beneficiaries)

Pologne : BPH Bank (Gift Pass, 8,900 beneficiaries); Poludniowy
Koncern Weglowy (Gift Pass, 5,200 beneficiaries); General Electric
(Gift Pass, 4,200 beneficiaries); KGHM Polska Miedz (Gift Pass, 4,300
beneficiaries); Telekomunikacja Polska (Gift Pass, 11,400
beneficiaries)

Czech Republic: Unipetrol (Leisure Pass)

Romania: APT resources & services (Food Pass, 900 beneficiaries);
Authority of Social Assistance and Children Protection (Gift Pass, 620
beneficiaries)

Slovakia: Yamani (Gift Pass, 1,700 beneficiaries)

WESTERN EUROPE:

Germany: Fiat (Restaurant Pass, 190 beneficiaries)

Belgium : City of Gent (Restaurant Pass, 6,000 beneficiaries);
Estee Lauder (Gift Pass, 900 beneficiaries); Allianz (Restaurant Pass

1,000 beneficiaries); Colruyt (Restaurant Pass, 1,300 beneficiaries)

Spain: Unidad Editorial (Restaurant Pass, 280 beneficiaries); Axa
(Restaurant Pass, 300 beneficiaries); Philips (Restaurant Pass, 100
beneficiaries)

France : Laboratoires Roche (CESU); City of Pau (CESU, 2,100
beneficiaries); Plastic Omnium (Restaurant Pass, 100 beneficiaries);
AGIRC-ARRCO (CESU, 20,000 beneficiaries); LCL (Restaurant Pass, 1,000
beneficiaries); PSA (CESU, 150 beneficiaries)

Luxembourg: Citibank (Restaurant Pass, 330 beneficiaries)

Tunisia: Tunisair (Restaurant Pass, 3,000 beneficiaries); Henkel
(Restaurant Pass, 140 beneficiaries)

UK: Defense Ministry (Childcare Pass, 9,000 beneficiaries)

Turkey: Sandoz - Groupe Novartis (Restaurant Pass, 200
beneficiaries)

LATIN AMERICA:

Brazil : Consorcio Propeno (Restaurant Pass, 1,100 beneficiaries);
Secretary of State for Education (Food Pass, 1,000 beneficiaries);
Contax (Food Pass, 14,000 beneficiaries); Defensoria Publica de Rio de
Janeiro (Restaurant Pass, 710 beneficiaries); Paro State University
(Food Pass, 1,485 beneficiaries)

Chile: Compania Nacional de Seguros Consorcio (Restaurant Pass

2,500 beneficiaries); Junaeb (Solidarite, 40,000 beneficiaries)

Colombia: Colombia Movil (Food Pass, 190 beneficiaries); Ford
(Mobility Pass, 220 beneficiaries)

Mexico: Ferrocarril y Terminal del Valle de Mexico (Food Pass, 900
beneficiaries); Gobierno del Estado de Sonora (Mobility Pass);
Comision Nacional Bancaria y de Valores (Food Pass)

Peru: Samsung (Food Pass, 150 beneficiaries)

Uruguay: UCAA (Food Pass, 51,000 beneficiaries)

Venezuela: Cativen - Casino Group (Food Pass, 3,500
beneficiaries); Government of Merida (Food Pass, 14,000 beneficiaries)

ASIA:

China: Industrial and Commercial Bank of China ZhaBei (Gift Pass);
Shanghai Huizhong Automotive (Gift Pass, 5,600 beneficiaries)

India: Electronics Corporation of India Limited (Gift Pass, 4,700
beneficiaries); Hindustan Aeronautics (Restaurant Pass, 14,000
beneficiaries); Philips (Restaurant Pass, 1,500 beneficiaries); United
Beweries (Restaurant Pass, 250 beneficiaries); Xansa (Restaurant Pass

2,000,beneficiaries)

Indonesia: Microsoft (Gift Pass, 200 beneficiaries)

Philippines: Pag-IBIG Fund (Gift Pass, 2,200 beneficiaries);
Pfizer (Gift Pass, 290 beneficiaries)