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Sodexo: Solid Revenue And Profit Growth In Fiscal 2012

Regulatory News:

Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY) (PARIS:SW) (OTCBB:SDXAY):

At the November 6, 2012 Board of Directors meeting chaired by Pierre Bellon, Michel Landel, Chief Executive Officer, presented the performance for Fiscal 2012.

Fiscal 2012 financial performance
millions of euro       Year ended August 31      

Change excluding currency impacts

Currency impacts

Total change
      2012       2011                  
Main income statement components        
Revenues       18,236       16,047       + 10.9%       + 2.7%       + 13.6%
Organic growth       6.5%       5.2%        
Operating profit (reported)       984       853       + 13.6%       + 1.8%       + 15.4%
Operating margin (reported)       5.4%       5.3%                        

Operating profit excluding favorableaccounting adjustment in the UK
      958       853       +10.6%       +1.7%       +12.3%

Operating margin excluding favorableaccounting adjustment in the UK
      5.3%       5,3 %        
Group net income       525       451       + 14.0%       + 2.4%       + 16.4%
Earnings per share (in euro)       3.48       2.95       + 15.3%       + 2.7%       + 18.0%
Dividend per share (in euro)       1.59       1.46                       + 8.9%
Financial structure highlights        
Net cash provided by operating activities       1,018       847        
Gearing as of August 31       21%       15%        

Commenting these results, Group CEO Michel Landel said:

"These results confirm Sodexo’s very good financial performance in an ever more difficult environment. Our positive growth momentum is being driven by our leadership in emerging markets, that have strong potential for growth and which now represent 20% of our revenues. Our contract wins demonstrate the attractiveness of the Sodexo brand, recognized for its Quality of Life services offer. For more than two years, our facilities management services have been growing three times faster than foodservices.

Operational efficiency and cost reduction continue to be our priority. We remain confident in the Group’s strengths and are maintaining our medium-term objectives."

Revenue growth of 13.6%

Sodexo’s consolidated revenues for Fiscal 2012 increased + 13.6% to 18.2 billion euro, including organic growth of + 6.5%.

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