Sodexo: Organic Revenue Growth of 2.3% for the First Quarter of Fiscal 2015
January 08, 2015
Growth driven by integrated Quality of Life Services offer
Benefits and Rewards Services (+12.1%): sustained strong momentum in particular thanks to Latin America
On-site Services (+1.9%):
- Average growth of close to 5% for facilities management services, which are an increasingly significant contributor to Sodexo’s Quality of Life offer;
- Renewed growth in Remote Sites (services in the mining, oil and gas and infrastructure sectors) following strong sales development in the prior fiscal year.
Commenting on these figures, Sodexo CEO Michel Landel said:
“Sodexo’s organic growth in the first quarter was in line with our expectations. This grown reflects the dynamics of two of the Group’s growth levers: benefits and rewards services, which again achieved double-digit growth, and facilities management services, which continued to grow in most geographical regions at a rate of close to 5 %. We confirm our full-year objectives as indicated in November 2014."
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Press release (PDF)