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REVENUE GROWTH FOR SODEXO

Results graph © Shutterstock
Revenue growth for Sodexo © Shutterstock
07 November 2019 | Herpreet Kaur Grewal 

 

Sodexo has reported revenue growth of 7.6 per cent in its latest financial results.


It also reported that its organic growth was “above guidance” with an increase of 3.6 per cent.


Its guidance for 2020 showed around 4 per cent organic growth and stable underlying operating margin.


In its on-site food services, Novae and Alliance in Partnership, it said it had strengthened the Group’s presence in high-end corporate services in Switzerland and public-sector education in the UK.


Sean Haley, chairman at Sodexo UK and Ireland, said: “Sodexo UK & Ireland has had a strong year, with growth across all our markets, winning high profile new business and retaining our valued customers, despite the ongoing challenges and uncertainties facing all businesses, but particularly the outsourcing market.

 

“We have continued to invest in the UK, with the acquisitions of Alliance in Partnership, the specialist education caterer, and The Good Care Group, a leading player in the live-in care market in the UK. Earlier this year, Sodexo also opened a new restaurant, Café GEC, at the iconic Northern & Shell building on Lower Thames Street, London which will be run by our leading workplace dining specialist, The Good Eating Company.”

 

Sodexo has won a number of significant contracts this year including the soft FM contract for two regions of HM Revenue and Customs (HMRC); a new catering contract at Victoria College in Belfast; the exclusive catering contract at the Liberty Stadium, Swansea; a new integrated FM contract with Leonardo Helicopters and two new contracts in energy and resources with Total E&P UK Ltd and Doosan Babcock Ltd.

 

Haley added: "Sodexo, as a green rated strategic supplier with around half of its business in the public sector, continues to work closely with government to ensure social value is further embedded into government procurement processes consistently and fairly for all suppliers. We are committed to achieving tangible and better outcomes for service users that improves their quality of life".