Sodexo announces solid H1 Fiscal 2023 results and plan to spin-off Benefits & Rewards Services

First half Fiscal 2023 results up strongly

  • Revenue growth +17.8%, organic growth +13.4%

  • Underlying operating profit +30.9%, H1 margin at 5.8%, up +60 bps

  • Underlying Earnings per share amounted to 3.25 euros, up +40%

Group Fiscal 2023 organic growth guidance upgraded

  • Organic growth now expected to be close to +11% 

  • Underlying operating profit margin confirmed to be close to 5.5% at constant rates

Plan to spin-off and list Benefits & Rewards Services during 2024

  • Resulting in two leading pure players Sodexo On-site Services (OSS) and Benefits & Rewards Services (BRS) with highly cash generative business models

  • Placing both businesses in a stronger position to execute their respective strategies and realize their full potential in fast growing markets

At the Board of Directors meeting held on April 4, 2023, chaired by Sophie Bellon, the Board closed the Consolidated accounts for the First half Fiscal 2023 ended February 28, 2023.

Tillbaka till listan
Så här kan du nå oss Öppen delning och andra åtgärder