Skip to main content
Facilitate Magazine: Informing Workplace and Facilities Management Professionals - return to the homepage Facilitate magazine logo
  • Search
  • Visit Facilitate Magazine on Facebook
  • Visit Facilitate Magazine on LinkedIn
  • Visit @Facilitate_Mag on Twitter
Visit the website of the Institute of Workplace and Facilities Management Logo of the Institute of Workplace and Facilities Management

Main navigation

  • Home
  • News
    • Comment
    • People
    • Reports
    • Research
  • Features
    • Analysis
    • Features
    • Round Tables
    • Webinars
  • Outsourcing
    • Contract Finder
    • Contracts
    • FM Business Models
    • Interviews
    • Mergers & Acquisitions
    • Opinion
    • Procurement
    • Trends
  • Know-How
    • Explainers
    • Legal Updates
    • White Papers
  • Jobs
  • Topics
    • Workplace Services
      • Hospitality
      • Catering
      • Cleaning
      • Front of House
      • Grounds Maintenance
      • Helpdesk
      • Mailroom
      • Manned Guarding / Security
      • Pest Control
      • Washroom Services
      • Disaster Recovery
      • Specialist Services
    • Professional Performance
      • Behavioural Change
      • Continual Professional Development
      • Education
      • Management
      • Recruitment
      • Training
    • Workplace Performance
      • Benchmarking
      • Health & Wellbeing
      • Operational Readiness
      • Procurement
      • Security
      • Workplace User Experience
      • Workplace Culture
    • Compliance
      • Health & Safety
      • Risk & Business Continuity
      • Standards
      • Statutory Compliance
    • Building Services
      • Architecture & Construction
      • Asset Management
      • Building Controls
      • Building Fabric
      • Drinking Water
      • Fire Protection
      • HVAC
      • Landscaping
      • Mechanical & Electrical
      • Building Security
      • Water, Drainage & Plumbing
    • Technology
      • Building Information Modelling
      • CAFM
      • Data & Networks
      • Document Management
      • Information Management
      • Internet of Things (IoT)
      • Software & Systems
    • Energy management
      • Energy Management Systems
      • Electricity
      • Gas
      • Solar
      • Wind
    • Sustainability
      • Environmental Quality
      • Social Value
      • Waste Management
      • Recycling
    • Workspace Design
      • Agile Working
      • Fit-Out & Refurbishment
      • Inclusive Access
      • Lighting
      • Office Interiors
      • Signage
      • Space Planning
      • Storage
      • Vehicle Management / Parking
      • Washroom
    • Sectors
      • Corporate Office
      • Education
      • Healthcare
      • Manufacturing
      • International
      • Retail
      • Sports & Leisure
      • Regions
  • Buyers' Guide
Quick links:
  • Home
  • Topics
News
Home
Workplace services
International
Sustainability
Sectors
Topics
News
Home
Workplace services
International
Sustainability
Sectors

Sodexo publishes its outlook for 2019

Open-access content Thursday 10th January 2019
Financial Graph © iStock


Sodexo wins contract with Scottish Fire & Rescue Service

Sodexo strikes parks maintenance deal with Surrey

Sodexo acquires Alliance in Partnership to strengthen education links

10 January 2019 | Herpreet Kaur Grewal


Sodexo's fiscal 2019 first-quarter revenues totalled €5.7 billion, up 6.8 per cent compared with the same period in the previous fiscal year, according to financial results published this week.

 

Growth in on-site services increased by 2.33 per cent and there was growth of 2.5 per cent in business and administrations and 1.9 per cent in healthcare and seniors services.

 

Overall growth in Europe, Asia and the United States "remained strong at +7.6 per cent".

 

Growth in Q1 was "in line with expectations, with stable growth in Europe, continued solid growth in developing economies and progressive improvement in North America", adds the report.

 

The group stated that the action plans "are delivering and the productivity is being reinvested in growth initiatives".

 

It expects to see organic revenue growth between +2 per cent and +3 per cent in 2019 and underlying operating profit margin between 5.5 per cent and 5.7 per cent, excluding the currency impact.

 

Sodexo CEO Denis Machuel said: "First-quarter revenue growth is in the middle of the range of our guidance. It reflects a good performance relative to fiscal 2018 but as expected, does not match the growth in the prior quarter, which was boosted by seasonal factors. While new signatures in Health Care and Seniors in North America are good, we remain prudent on the recovery in this segment. We are vigorously implementing our action plans. As we generate productivity, we are reinvesting in sales, marketing, digital and innovation. We maintain our objectives for the year as a whole."

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Today's top reads

 

Latest Jobs

FM Helpdesk Manager

London (Central)
£35000.00 - £45000.00 per annum
Reference
55696

Building Services Senior Coordinator - Contract Position

Sutton
Up to £45,000 OR Equivalent Rate
Reference
55695

FM Customer Services Manager

London
GBP35000 - GBP40000 per annum + flexible benefits, pension
Reference
55694
See all jobs »

 

 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to print

Sign up to receive our bi-monthly magazine

Subscribe
Facilitate magazine cover, June 2020
​
FOLLOW US
@Facilitate_Mag
Facilitate Magazine
Facilitate Magazine
CONTACT US
Contact us
Tel: 020 7880 6200
​

IWFM

About IWFM
Become a member
Qualifications
Events

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to Facilitate Magazine
Write for Facilitate Magazine

General

IWFM Jobs
Help

www.facilitatemagazine.com and Facilitate magazine are published by Redactive Media Group. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive, Level 5, 78 Chamber Street, London, E1 8BL