Regulatory News:
SODEXO (PARIS:SW) (OTCBB:SDXAY) (NYSE Euronext Paris FR0000121220 - SW OTC: SDXAY), leader in Quality of Daily Life Solutions, announced today that it has been selected by the United States Marine Corps for a contract for up to seven years to provide food services at 20 Marine Corps garrison mess halls in the west coast of the U.S., valued at $766 million in revenues over the life of the contract.
"I am very pleased that, by this contract, the Marine Corps re-affirmed its confidence in Sodexo," said Michel Landel, Sodexo´s CEO. "Sodexo´s teams in the United States are proud to back the US Marines in their missions."
With this additional contract, Sodexo will serve a total of 51 garrison mess hall locations in Arizona, California, North Carolina, South Carolina, Virginia and Washington, D.C. More than 40 percent of Sodexo´s contract with the U.S. Marine Corps will be serviced through subcontracts with small, minority, disadvantaged and women-owned businesses and with organizations that represent the interests of individuals with disabilities. Sodexo will combine custom-created systems and programs at each base location to provide quality dining for Marine Corps customers.
Sodexo was awarded the contract to operate 31 additional mess halls in February 2011.
About Sodexo
Sodexo, world leader in Quality of Daily Life Solutions
Quality of Life plays an important role in the progress of individuals and the performance of organizations. Based on this conviction, Sodexo acts as the strategic partner for companies and institutions that place a premium on performance and employee well-being, 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 design, manage and deliver an unrivaled array of On-site Service Solutions and Motivation Solutions. Sodexo has created a new form of service business that contributes to the fulfillment of its employees and the economic, social and environmental development of the communities, regions and countries in which it operates.
Key Figures (as of August 31, 2010)
15.3 billion euro consolidated revenue
380,000 employees
21nd largest employer worldwide
34,000 sites
50 million consumers served daily
80 countries
7.9 billion euro market capitalization (as of 7 August, 2011)
