Aldi, Belgium B2s SAS, France Ekol Lojistik, Turkey Euronics, Italy Roche Farma, Spain

Latin America

Edere SA de C.V., Mexico Pepsico, Brazil Serviço Federal de Processamento of Dados (SERPRO), Brazil Transporte de Valores Viseteca, Venezuela Unidad Nacional de Protección, Colombia Universidade Estadual de Campinas, Brazil


Delhi Metro Rail Corporation Ltd., India Jia Ding Telecom Bureau, China


Exchange rates

The positive impact of currency effects was + 4.2% for the first three months of the year, mainly from the strengthening of the U.S. dollar and the British pound sterling against the euro. In the Rest of the World, the depreciation of the Brazilian real against the euro was partially offset by the appreciation against the euro of other currencies in Latin America and Asia-Pacific.

It should be noted that, contrary to exporting companies, revenues and operating expenses of Sodexo subsidiaries are denominated in the same currency; as a result, currency fluctuations do not involve operational risks.

The principal average exchange rates for the first three months of Fiscal 2013 are:
1 EUR =       Average rate 1 st Quarter Fiscal 2013       Average rate1st QuarterFiscal 2012       Change
US dollar       1.2906       1.3803       + 7.0%
British pound sterling       0.8025       0.8701       + 8.4%
Brazilian real       2.6398       2.4128       - 8.6%

* formerly Motivation Solutions

1 Revenues in the first quarter of Fiscal 2012 included 52 million euro from the Rugby World Cup hospitality contract.

* Value of each voucher / card

1 Excluding currency effects and favorable accounting adjustment in Fiscal 2012 for UK pension costs