Sodexo presents its strategy to refocus and accelerate growth

At its Capital Markets Day today, Sodexo will present its 2025 strategic plan to generate sustainable, profitable growth and create value for its shareholders and all its stakeholders.Sodexo's strategy to 'refocus and accelerate' is based on three pillars: Refocus on food services and be more selective in facilities management;Accelerate profitable growth of Benefits & Rewards Services;Strengthen Sodexo's impact as market maker in sustainability. By successfully...

Paris, 02/11/2022 (informazione.it - comunicati stampa - turismo)

At its Capital Markets Day today, Sodexo will present its 2025 strategic plan to generate sustainable, profitable growth and create value for its shareholders and all its stakeholders.
Sodexo's strategy to 'refocus and accelerate' is based on three pillars:

By successfully executing our strategy, the Board is confident that Sodexo will deliver:

Sodexo's ambition is to be the world leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play. With strong positions in attractive Food and Facilities management markets globally, and with a continued strong focus on execution and a very solid balance sheet, Sodexo is well placed to achieve its ambition. 

To implement this strategic plan, a leaner Leadership Team will oversee a simplified and more effective organization.

Fiscal 2022 was a turning point. Sodexo has strengthened its competitiveness and has made good progress against the priorities I set out when I became CEO. Today, with our strategy to refocus and accelerate, and with a relentless focus on execution, we expect to continue to improve our performance in the coming years. I am confident that Sodexo will deliver solid organic growth and that we can return our Underlying operating profit Margin to over 6%. Our people are essential to the successful delivery of our plans, and I want to thank them for their excellent work in delivering great service to our clients and consumers every day; contributing to the positive impact we have on society and our local communities. I firmly believe that we are on the right track to deliver long-term profitable growth and to be the world leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play”.

Guided by its vision to bring to life a personalized and sustainable employee experience at work and beyond, the plan is to:

Benefits & Rewards Services Capex is expected to run at close to 10% of revenues per year during 2022 and 2025 period.

Benefits & Rewards Services is targeting:

In line with our mission and purpose, having a positive impact on the planet and people is at the core of Sodexo's business.

This strategic plan is supported by three key enablers .  

To support this strategy, Sodexo will continue to have a disciplined approach to investment with gross Capex rising from 2.3% of revenues in 2022 to 2.8% in Fiscal 2025 and acquisitions, which will be focused, strategic and accretive.

To execute this strategy, Sodexo is evolving its organization to a simplified and more effective model.

As of December 1, 2022, Sodexo's Leadership Team will comprise the following:

To join the Capital Markets Day starting at 11:00am (Paris time): the event is available live on www.sodexo.com with the opportunity to join Q&A sessions via the conference call.

UK: +44 1 212 818 004  
France: +33 1 70 91 87 04       
US: +1 718 705 8796
Access code: 77 72 30

The presentation will be available on the Group website www.sodexo.com in the “Finance” section at 9.00am (Paris time). This event will be recorded and made available online as soon as possible.

Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in Quality of Life Services, an essential factor in individual and organizational performance. Operating in 53 countries, our 422,000 employees serve 100 million consumers each day. Sodexo Group stands out for its independence and its founding family shareholding, its sustainable business model and its portfolio of activities including Food Services, Facilities Management Services and Employee Benefit Solutions. We provide quality, multichannel and flexible food experiences, but also design attractive and inclusive workplaces and shared spaces, manage and maintain infrastructure in a safe and environmentally friendly way, offer personalized support for patients or students, or even create programs fostering employee engagement. From Day 1, Sodexo has been focusing on tangible everyday gestures and actions through its services in order to have a positive economic, social and environmental impact over time. For us, growth and social commitment go hand in hand. Our purpose is to create a better everyday for everyone to build a better life for all.
Sodexo is included in the CAC Next 20, CAC 40 ESG, FTSE 4 Good and DJSI indices.

This press release does not constitute an offer of sale or solicitation of an offer to purchase Sodexo shares. If you wish to obtain more comprehensive information about Sodexo, please refer to the public documents registered in France with the Autorité des marchés financiers, also available in English on our website www.sodexo.com and notably the 2022 universal registration document to be filed with the Autorité des marches financiers on November 9, 2022.
This press release may contain forecast information. While the Company believes that these statements are based on reasonable assumptions as of the date of publication of this press release, they are by nature subject to risks and uncertainties which may lead to a discrepancy between the actual figures and those indicated or suggested in these statements.

Contacts

 

The Science Based Targets initiative (SBTi) is a collaboration between the CDP (Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Addressing businesses, it sets itself the goal of driving "ambitious climate action" by offering them to make their transition to a low-carbon economy a competitive advantage.

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