First half Fiscal 2026 results: reset in motion with first management actions; full-year guidance updated
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Organic revenue growth of +1.7 %
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Underlying operating profit margin of 3.7%, down -140 bps at constant currencies, impacted by both execution challenges and first management actions
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Revised full year Fiscal 2026 guidance reflecting prevailing operating conditions:
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Organic revenue growth between +0.5% and +1%
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Underlying operating profit margin between 3.2% and 3.4%
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Roadmap and mid term ambition to be presented at an Investor update in Paris on July 16, 2026
At the Board of Directors meeting held on April 9, 2026, chaired by Sophie Bellon, the Board approved the consolidated financial statements for the First half Fiscal 2026 ended February 28, 2026.
My first priority as CEO has been to take a clear and objective view of where we stand and how we move forward.
I am convinced that Sodexo has strong and differentiated assets in an attractive and resilient industry. The engagement of our people, the pride they take in serving clients every day, and the depth of expertise they bring on the ground are a real strength.
That said, we have undeniably underperformed the market and our main competitors. The root causes have been building over time and relate primarily to under-investment and execution: commercial intensity, decision-making and prioritization, and consistency in delivery.
We have conducted a thorough review of our contracts and assets, with short-term financial implications reflected in both our first-half results and in the revised outlook we are setting for Fiscal 2026. This is deliberate and necessary to rebuild a powerful growth engine and restore Group competitiveness at scale.
While we know this will not be an overnight fix, we are moving with a strong sense of urgency on our action plan to restore growth. We have been making significant leadership changes and simplifying the organizational structure in order to accelerate decision-making and raise accountability standards.
The entire Sodexo organization is shifting gears, and we are seeing early positive signals.
We will outline our roadmap and share our mid-term ambition at an Investor update to be held in July.
