Sodexo announces organic revenue growth and increased operating profit for first-half Fiscal 2010

http://www.businesswire.com/news/home/20100421007419/en

* Organic revenue growth of 0.4%
* Operating profit up 11.9%, excluding currency impacts, and 1.2% at constant
rates
* Increase in Group net income of 3.7%
* Net cash provided by operating activities of 335 million euro, an improvement
of 151 million euro

ISSY-LES-MOULINEAUX, France--(Business Wire)--
Regulatory News:

Sodexo (PARIS:SW) (OTCBB:SDXAY) (NYSE Euronext Paris FR 0000121220-OTC: SDXAY):
At the Board of Directors meeting on April 20, 2010, chaired by Pierre Bellon,
Chief Executive Officer Michel Landel presented the Group`s performance for the
first half of Fiscal 2010.

Financial performance for the first half of Fiscal 2010

millions of euro Period ended February 28 Change Currency Total
excluding impacts change
currency
impacts (1)
1st half 1st half
Fiscal 2010 Fiscal 2009
Income statement highlights
Revenues 7,500 7,633 + 2.3% - 4% - 1.7%
Organic growth + 0.4% + 3.7% - - -
Operating profit 426 421 + 11.9% - 10.7% + 1.2%
Operating margin 5.7% 5.5% - - -
Group net income 227 219 + 12.3% - 8.6% + 3.7%
Financial structure highlights
Net cash provided by operating activities 335 184
February 28, February 28,
2010 2009
Gearing 42% 50%

(1) The currency impact is determined by applying the average exchange rate for
the first half of the previous year to the figures for the first half of the
current year, with the exception of the difference related to the Venezuelan
Bolivar Fuerte, which is the difference between the corresponding closing
parallel rate (market rate) as of February 28, 2010 and the average official
rate for the first half of Fiscal 2009.

Commenting on the results, CEO Michel Landel said:

"The positive results in the first half reflect the efforts of Sodexo and its
teams to retain clients, succeed in new markets, continue our productivity
improvements and invest in the long term. By understanding client needs, we are
able to respond with a unique comprehensive service solutions offer that
contributes to their improved performance. The initial signs of recovery in
business development reinforce our confidence in the Group`s medium term
outlook."

1. Revenue growth

Consolidated revenues for the first half of Fiscal 2010 were 7.5 billion euro,
an increase of 2.3%, excluding exchange impacts, reflecting:

* organic revenue growth of 0.4%
* an increase of 1.9% resulting from the integration of Score (France),
Zehnacker (Germany), Comfort Keepers (U.S.A.) and RKHS (India).

Organic growth in On-site Service Solutions was + 0.2%, including a - 1.7%
decrease in Corporate and an increase in all other segments: Education, Health
Care, Seniors, Defense and Justice.

Compared to the first half of the previous year, organic growth in Motivation
Solutions slowed sharply to + 3.2%, a consequence of lower workforces in large
companies. However, the level of client retention continued to be excellent.

2. Increase in operating profit

Operating profit increased 11.9% excluding currency impacts, to 426 million
euro, a result of productivity improvements in On-site Service Solutions in all
geographies: North America, Europe and Rest of the World. Introduction in France
of the "Contribution Economique Territoriale" (CET), which replaced the "Taxe
Professionnelle," increased operating profit by 9 million euro.(1)

Including currency impacts, and in spite of the strong performance by Motivation
Solutions, operating profit increased by only 1.2%, a result of the impact of
Venezuela`s January 2010 devaluation of the Bolivar Fuerte.

Sodexo`s consolidated operating margin improved to 5.7% compared to 5.5% for the
first half of Fiscal 2009.

3. Increase in Group net income

Group net income was 227 million euro, an increase of 3.7%, a growth rate higher
than the increase in operating profit despite the full effect of financing costs
related to the acquisitions made during the previous year.

4. Marked improvement in net cash provided by operating activities

Net cash provided by operating activities was 335 million euro, a marked
improvement to the 184 million euro during the first half of the previous year,
confirming the strength of the Group`s financial model.

(1) The "Taxe Professionnelle" was treated as an expense in Fiscal 2009
operating profit while the CET represents an income tax charge. The impact on
Group net income is insignificant.

5. Net debt

As of February 28, 2010, net debt reached 1,036 million euro compared to 1,170
million euro as of February 28, 2009 and represented 42% of equity compared to
50% as of February 28, 2009. As of February 28, 2010 gross debt represented less
than four years of operating cash flow.

6. Sodexo recognitions

For the third straight year, Sodexo`s commitment to sustainable development was
recognized through two major distinctions from the ratings group Sustainable
Asset Management (SAM): "SAM Sector Leader 2010" and "SAM Gold Class 2010."

Sodexo also was recently named to the prestigious list of "World`s Most Admired
Companies 2010" published by FORTUNE Magazine.

In 2010, the American Ethisphere Institute named Sodexo for the second
consecutive year as one of "The World`s Most Ethical Companies" for its high
ethical standards and socially responsible practices.

Also in 2010, Sodexo was ranked third in the Global Outsourcing 100 by the
International Association of Outsourcing Professionals (IAOP). The full ranking
will be published in the May 3 issue of FORTUNE magazine. It is the fifth year
in a row that Sodexo has ranked in the "top five" of this international
benchmark reference on outsourcing.

7. Fiscal 2010 outlook

CEO Michel Landel presented the outlook for the remainder of Fiscal 2010.

Despite Sodexo`s good performance during the beginning of the year, Michel
Landel explained to the Board the need for caution for the remainder of the year
because:

* economic recovery remains weak in Sodexo`s activities in North America and
Europe;
* longer decision-making by clients is slowing the start-up of new contracts;
* important investment efforts in human resources are scheduled during the
second half of the year to support Sodexo`s comprehensive service solutions
offer, particularly for large national and international clients.

For the full year Fiscal 2010, the Group expects to achieve a modest increase in
organic revenue growth (around 0.5% to 1%) and operating profit of between 770
and 790 million euro(2), excluding currency impacts.

(2) Adjusted as a result of the introduction of the CET in France, which
replaced the "Taxe Professionnelle"

About Sodexo

Sodexo, world leader in Quality of Daily Life Solutions

Quality of Life plays an important role in the progress of individuals and the
performance of organizations. Based on this conviction, Sodexo acts as the
strategic partner for companies and institutions that place a premium on
performance and employee well-being, as it has since Pierre Bellon founded the
company in 1966. Sharing the same passion for service, Sodexo`s 380,000
employees in 80 countries design, manage and deliver an unrivaled array of
On-site Service Solutions and Motivation Solutions. Sodexo has created a new
form of service business that contributes to the fulfillment of its employees
and the economic, social and environmental development of the communities,
regions and countries in which it operates.

Group key figures (as of August 31, 2009)

14.7 billion euro consolidated revenue
380,000 employees
22(nd) largest employer worldwide
80 countries
33,900 sites
50 million consumers served daily
6.9 billion euro market capitalization (as of April 21, 2010)

Conference call

Sodexo will hold a conference call (in English) today at 8:30 a.m. (Paris time),
to comment on the first half results for Fiscal 2010. This presentation will be
available via webcast on www.sodexo.com. The press release and the presentation
will be available on the Group website: www.sodexo.com under the "Latest News"
section beginning at 7:00 a.m. A recording of the conference will be available
by dialing + 33 1 72 00 15 00, followed by the code 269875#.

First half financial report

The financial report for the first half of Fiscal 2010 is available on Sodexo`s
website, www.sodexo.com, under "Regulated information" in the Finance section.
It includes summaries of consolidated accounts for the first half of Fiscal
2010, the first half activity report, the CEO`s statement of responsibility for
the first half financial report as well as the auditors` report on the limited
review of the above accounts.

Next event

Third quarter Fiscal 2010 revenues: July 7, 2010

This press release contains statements that may be considered as forward-looking
statements and as such may not relate strictly to historical or current facts.
These statements represent management's views as of the date they are made and
Sodexo assumes no obligation to update them.

Analysis of activities and operational entities

On-site Service Solutions

Revenues in On-site Service Solutions were 7.2 billion euro, an increase of 2.2%
excluding currency impacts. Organic growth was 0.2%. After a first quarter
decline, organic growth resumed in the second quarter (December 2009 to February
2010). The first effects of the crisis had been felt in all geographies
beginning in January 2009, creating a more favorable basis for comparison with
the previous year.

The evolution during the first half reflects:

* A decline of - 1.7% in Corporate resulting from:

* continued significantly lower client workforce levels and discretionary
spending in North America and Europe;
* a smaller contribution from Rest of the World with the conclusion of certain
Remote Sites contracts.

* An increase of + 2.1% in Health Care and Seniors in a context of moderated
growth on existing sites and slower decision-making by potential clients that
restrained business development and revenue growth.
* An increase in Education of + 1.8% resulting from increased university
enrollment but also affected by:

* the current reduction in purchasing power by students and their families;
* a limited number of construction and renovation projects.

Operating profit for the On-site Service Solutions activity increased nearly 27
million euro to 363 million euro, an operating margin of 5.1%.

North America

Revenues in North America reached 2.9 billion euro for organic growth of + 0.5%.
At the same time, the evolution of the average exchange rate of the U.S. dollar
against the euro had an unfavorable impact of - 7.2% on overall growth.

With a decline of - 4.8%, Corporate remained the segment most exposed to the
economic crisis, as expected, with a continued significant reduction in
patronage in company restaurants.

Recent contract wins for comprehensive service offers include Toyota
(Georgetown, Kentucky), Google Inc., British Aerospace and Bayer (Canada).

In Health Care and Seniors, organic revenue growth of + 1.4% primarily reflects
more moderate existing site growth as well as the effect of weak business
development in the previous year resulting from a "wait and see" attitude on the
part of potential clients and slower decision-making.

Sodexo`s leadership was confirmed in this high potential segment with a low
level of outsourcing through contract wins such as Abbott Northwestern Hospital
(Minneapolis, Minnesota), Mount Sinai Medical Center (New York, NY), Bridgewater
Retirement Community (Bridgewater, Virginia) and Trident Regional Medical Center
(Charleston, South Carolina).

In Education, organic revenue growth was + 2.3%, reflecting:

* higher university enrollment and student participation in school foodservice
programs;
* lower levels of spending by students.

Significant contracts won during the first half include University of Washington
(Seattle, Washington) and Thomas County School District (Thomasville, Georgia).

Significant improvements in productivity and strict control of food costs on
site, particularly in Education, could not completely offset the negative
effects of the economic crisis on Corporate. As a result, operating profit
declined slightly by 1.1% at constant rates, to 171 million euro.

Operating margin is almost unchanged at 5.9%, compared with 6.0% during the
first half of the previous year.

Continental Europe

In Continental Europe, revenues were 2.7 billion euro, a decline of - 0.4%
(excluding currency and change in consolidation scope).

Revenues fell - 2.2% in Corporate, reflecting the continued difficult economic
environment in all countries.

Contract wins included the signing of a contract with the French Justice
Ministry for 27 correctional facilities, Audi Hungaria Motor Kft (Gyor,
Hungary), Carrefour (Brussels, Belgium) and Nokia (Denmark).

In Health Care and Seniors, organic revenue growth was + 1.4%, essentially
reflecting moderate growth on existing sites and new site openings, particularly
in Belgium and Sweden. At the same time, as in North America, commercial
development remains moderate as a result of slower decision-making by potential
clients.

Recent contract wins include Universitätsklinikum Schleswig-Holstein Campus Kiel
(Kiel, Germany), H. Juan Grande Jerez (Jerez, Spain), A.P.S.P. Civica di Trento
(Trento, Italy) and the Centre Médico-Chirurgical de l`Europe (Paris, France).

Organic growth in Education of (+ 2.3%) mainly reflects the opening of new
contracts in Hungary, Sweden and the Netherlands.

New contracts include the signing of a contract with EDHEC (Lille, France).

Implementation of synergies from the acquisitions of Score in France and
Zehnacker in Germany is on track with the integration plan.

Operating profit was 138 million euro, an increase of 24% compared to the first
half of Fiscal 2009. This excellent performance is a result of:

* improved profitability in Sweden following measures taken to renegociate and
exit some contracts in the previous fiscal year;
* increased purchasing productivity;
* strict control of overhead costs and organizational efficiency improvements.

The operating margin improved from 4.3% during the first half of Fiscal 2009 to
5.1% for the first half of Fiscal 2010.

UK and Ireland

Revenues were 0.6 billion euro, a decline of 3.8% (excluding currency effects).

The - 7% decrease in Corporate results primarily from lower client workforce
levels and the closure of sites during the previous year. The conclusion of a
major Justice contract during the summer of 2009 also contributed to the decline
in revenues.

Benefiting from the increased effect of certain Public Private Partnership (PPP)
contracts, including Manchester Royal Infirmary and North Staffordshire
Hospital, Health Care and Seniors continued its strong growth (+ 10.6%) compared
to the first half of Fiscal 2009. During the first half, Sodexo won a contract
with Nuffield Health and Wellbeing.

The - 6.3% decrease in revenues in Education reflects the strict control of
spending by students and their families as well as significant continued
commercial selectivity. A number of contracts were won during the first half,
including Kings Park Primary School (Wiltshire), Reading Blue Coats and
University of Stirling.

Operating profit was 24 million euro, an increase of approximately 32%,
excluding currency impacts. This strong increase reflects improvements in site
productivity. It also should be noted that the first half of Fiscal 2009 had
been impacted by the costs of initial opening of certain PPP contracts in Health
Care and Justice.

The operating margin was 4.1% compared with 3% during the first half of the
previous year.

Rest of the World

In Rest of the World (Latin America, Middle East, Asia, Africa, Australia and
Remote Sites), revenues were nearly one billion euro for the first half.

The rate of business development in Latin America, Asia and Remote Sites
remained solid but the completion of the construction phase conclusion of
several Remote Sites projects limited organic growth to 3.9%.

New contracts include Petrobras (Sao Paulo, Brazil), Karazhanbasmunai (Aktau,
Kazakhstan), Baytur Abba (Saudi Arabia), Tata Motors (India) and Wuhan Heavy
Duty Machine Tool Group Corporation (China).

In India, Sodexo continued the successful integration of RKHS, which positioned
Sodexo as the leader in one of Asia`s largest potential markets.

Operating profit increased nearly 70%, excluding currency impacts, to reach 30
million euro. This performance is a result of improvements in productivity and
rigorous management of contractual clauses, particularly in the Middle East and
Latin America.

Operating margin was 3.0% compared to 2.0% for the first half of Fiscal 2009.

Motivation Solutions

Revenues for the Motivation Solutions activity were 331 million euro, or 3.2%
organic growth.

Compared to the first half for the previous fiscal year, organic growth slowed,
a result of three factors:

* the continued decline in the number of beneficiaries, particularly in Central
Europe;
* decreased financial revenues, consistent with expectations, related to lower
interest rates;
* some pressures on client commissions resulting from strong competition in
certain countries.

Client retention rates remain excellent, which should help accelerate growth in
the medium term as the economic recovery takes hold.

Recent contract wins include Media Markt (Belgium), CNES (France), Sberbank
(Russia), Global Village Telecom (Brazil), Microsoft (China) and PepsiCo India
Holding (India).

Operating profit was 101 million euro. Currency impacts reduced operating profit
by 28 million euro, a result primarily of Venezuelan January 2010 devaluation of
the Bolivar Fuerte.

Excluding currency impacts, operating profit increased by 3.2%.

Operating margin for the activity was 30.5%. Excluding the impact of the
devaluation of the Bolivar Fuerte, the margin would have been close to 35%,
reflecting significant improvements in productivity and a reduction of fixed
costs that offset the decline in interest rates.

Appendix 1
Interim financial statements

Statement of income

(in euro million) Half Year Half Year Variation Half Year
Fiscal 2010 % Fiscal 2009 %
Revenues Revenues
Revenue 7,500 100% -1.7% 7,633 100%
Cost of sales (6,312) - 84.2% -2.1% (6,447) - 84.5%

Gross profit 1,188 15.8% 0.2% 1,186 15.5%
Sales department costs (110) - 1.5% - 0.2% (110) - 1.5%
General and administrative costs (648) - 8.6% 0.3% (646) - 8.4%
Other operating income 12 2
Other operating expenses (16) (11)

Operating profit before financing costs 426 5.7% 1.2% 421 5.5%
Financial income 23 41
Financial expenses (97) (108)
Share of profit of associates 9 3

Profit before tax 361 4.8% 1.1% 357 4.7%
Income tax expense (123) (124)
Net result from discontinued operations

Profit for the period 238 3.2% 2.1% 233 3.1%
Minority interests 11 14

Group profit for the period 227 3.0% 3.7% 219 2.9%

Consolidated balance sheet

ASSETS EQUITY AND LIABILITIES
(in euro million) February August (in euro million) February August
28, 2010 31, 2009 28, 2010 31, 2009

Shareholders' equity
Capital 628 628
Share premium 1,109 1,109
Consolidated reserves and undistributed earnings 713 542
Total Group shareholders' equity 2,450 2,279
Non-current assets Minority interests 28 37
Property, plant and equipment 509 520 Total shareholders' equity 2,478 2,316
Goodwill 4,381 4,226
Other intangible assets 454 392 Non-current liabilities
Client investments 200 186 Borrowings 2,520 2,547
Associates 56 48 Employee benefits 274 257
Financial assets 140 124 Other liabilities 164 106
Other non-current assets 11 11 Provisions 49 46
Deferred tax assets 98 93 Deferred tax liabilities 168 99
Total non-current assets 5,849 5,600 Total non-current liabilities 3,175 3,055

Current assets Current liabilities
Financial assets 8 7 Bank overdraft 81 42
Derivative financial instruments 3 4 Borrowings 113 94
Inventories 223 204 Derivative financial instruments 17 11
Income tax 85 64 Income tax 80 71
Trade receivable 3,392 2,728 Provisions 39 53
Restricted cash and financial assets related to the Motivation Solutions activity 552 597 Trade and other payable 2,908 2,689
Cash and cash equivalents 1,140 1,204 Vouchers payable 2,361 2,077
Total current assets 5,403 4,808 Total current liabilities 5,599 5,037

Total assets 11,252 10,408 Total equity and liabilities 11,252 10,408

Consolidated statement of cash flow

Half Year Half Year
(in euro million) Fiscal 2010 Fiscal 2009
Operating activities
Operating profit of consolidated companies 426 421
Non cash items
* Depreciation and amortization 111 101
* Provisions (11) (4)
* Losses (gains) on disposals and other, net of tax 4 2
Dividends received from associates 2 3
Change in working capital from operating activities (42) (258)
* change in inventories (12) (7)
* change in accounts receivable (577) (460)
* change in trade and other payables 180 (33)
* change in Vouchers payable 338 231
* change in financial assets related to the Motivation Solutions activity 29 11
Interest paid (87) (27)
Interest received 5 20
Income tax paid (73) (74)
Net cash provided by operating activities 335 184

Investing activities
* Acquisitions of property, plant and equipment (105) (107)
* Disposals of property, plant and equipment 17 12
* Change in client investments (4) (6)
* Change in financial assets (18) 4
* Effect of acquisitions of subsidiaries - (350)
* Effect of dispositions of subsidiaries 1 2
Net cash used in investing activities (109) (445)

Financing activities
* Dividends paid to parent company shareholders (197) (197)
* Dividends paid to minority shareholders of consolidated companies (12) (15)
* Change in treasury shares 12 13
* Change in shareholders` equity - 40
* Proceeds from borrowings 89 1,235
* Repayment of borrowings (129) (386)

Net cash provided by financing activities (237) 690

CHANGE IN NET CASH AND CASH EQUIVALENTS (11) 429
* Net effect of exchange rates and other effects on cash (92) (14)
* Net cash and cash equivalents, as of beginning of period 1,162 1,563
NET CASH AND CASH EQUIVALENTS, AS OF END OF PERIOD 1,059 1,978

(14)

* Net cash and cash equivalents, as of beginning of period

1,162

1,563

NET CASH AND CASH EQUIVALENTS, AS OF END OF PERIOD

1,059

1,978

Sector analysis: revenue

Revenue 1st Half 1st Half Organic Exchange External Variation
(in euro million) Fiscal Fiscal growth (1) rate Growth at current
2010 2009 variation(2) rate
On-site Service Solutions
* North America 2,911 3,109 + 0.5% - 7.2% + 0.4% - 6.4%
* Continental Europe 2,685 2,607 - 0.4% - 0.2% + 3.6% 3.0%
* UK and Ireland 583 636 - 3.8% - 4.5% - - 8.3%
* Rest of the World 999 928 + 3.9% - 0.6% + 4.4% 7.7%
Total 7,178 7,280 + 0.2% - 3.6% + 2% - 1.4%
Motivation Solutions
331 361 + 3.2% - 11.5% - - 8.3%
Elimination - 9 - 8
Total 7,500 7,633 + 0.4% - 4.0% + 1.9% - 1.7%

+ 1.9%

- 1.7%

1 Organic growth: revenue growth, at constant scope of consolidation and
exchange rates.

2 The currency impact was globally negative (- 4%) for half year: (- 7.8%) for
the US dollar, (- 5.1%) for the Pound, (+ 11.2%) for the BRL and (- 67.9%) for
the Venezuelan bolivar due to the devaluation. It should be noted that, contrary
to exporting companies, the revenues and expenses of Sodexo subsidiaries are
denominated in the same currency. Consequently, foreign exchange variations do
not have an operational risk. The average exchange rate for the USD/euro for
Fiscal 2009 was 1.445.

Sector analysis: operating profit

Operating profit 1st Half 1st Half Change
(in euro million) Fiscal 2010 Fiscal 2009
Before corporate expenses
On-site Service Solutions
* North America 171 187 - 8.6%
* Continental Europe 138 111 + 24.3%
* UK and Ireland 24 19 + 26.3%
* Rest of the World 30 19 + 57.9%
Motivation Solutions 101 125 - 19.2%
Headquarters - 29 - 32
Elimination - 9 - 8
TOTAL 426 421 + 1.2%

421

+ 1.2%

Revenue

On-site Service Solutions by segment

Consolidated Group
(in euro million) 1st Half Fiscal 2010 1st Half Fiscal 2009 Organic growth
Corporate 3,391 3,434 - 1.7%
Health Care & Seniors 1,914 1,912 2.1%
Education 1,873 1,934 1.8%
TOTAL 7,178 7,280 0.2%
North America
(in euro million) 1st Half Fiscal 2010 1st Half Fiscal 2009 Organic growth
Corporate 585 651 - 4.8%
Health Care & Seniors 1,058 1,119 1.4%
Education 1,268 1,339 2.3%
TOTAL 2,911 3,109 0.5%
Continental Europe
(in euro million) 1st Half Fiscal 2010 1st Half Fiscal 2009 Organic growth
Corporate 1,500 1,479 - 2.2%
Health Care & Seniors 683 641 1.4%
Education 502 487 2.3%
TOTAL 2,685 2,607 - 0.4%
United Kingdom and Ireland
(in euro million) 1st Half Fiscal 2010 1st Half Fiscal 2009 Organic growth
Corporate 403 454 - 7.0%
Health Care & Seniors 119 113 10.6%
Education 61 69 - 6.3%
TOTAL 583 636 - 3.8%
Rest of the World
(in euro million) 1st Half Fiscal 2010 1st Half Fiscal 2009 Organic growth
Corporate 904 851 4.3%
Health Care & Seniors 54 39 10.8%
Education 41 38 - 11.1%
TOTAL 999 928 3.9%

Appendix 2
Selection of new clients

On-site Service Solutions

North America

Corporate

Department of Agriculture/ National Mobile Food Service, Corona, California,
United States (2,500 people)
Toyota, Georgetown, Kentucky, United States (7,000 people)
Google Inc., 4 sites, United States (500 people)
Bayer Inc., Toronto, Ontario, Canada (500 people)
Cablevision Systems Corporation, 2 sites, United States
Broadcom Corporation, 5 sites, United States
California State Automobile Association, Walnut Creek, California, United States
John Deere, 2 sites in Moline, Illinois, United States
Colgate Palmolive, Morristown, Tennessee, United States

Health Care and Seniors

Bridgewater Retirement Community, Bridgewater, Virginia, United States (502
beds)
Healthcare REIT - Winchester, Chicago, Illinois, United States
Abbott Northwestern Hospital, Minneapolis, Minnesota, United States (637 beds)
Trident Regional Medical Center, Charleston, South Carolina, United States (281
beds)
Allina Hospital, 4 sites (River Falls, Wisconsin; Coon Rapids, Fridley and
Minneapolis in Minnesota), United States (450 beds)
Mount Sinai Medical Center, New York City, New York, United States
Sunrise Hospital and Medical Center, Las Vegas, Nevada, United States
Concordia Lutheran Ministries, Cabot, Pennsylvania, United States
St. Vincent Infirmary Medical Center, Little Rock, Arkansas, United States

Education

University of Washington, Seattle, Washington, United States (39,136 students)
Round Rock CC, Round Rock, Texas, United States
Corpus Christi Hooks, Corpus Christi, Texas, United States
Campus Villageof Auraria, Denver, Colorado, United States
Thomas County School District, Thomasville, Georgia, United States (5,680
students)

Remote Sites

Mc Dermott DB 50 rig, Gulf of Mexico, United States
Rowan Drilling, 2 rigs (Ralph Coffman and Bob Palmer), Gulf of Mexico, United
States

Continental Europe

Corporate

Audi Hungaria Motor Kft, Gyor, Hungary (5,600 people)
Carrefour, Brussels, Belgium
Wacker, 2 sites (Nünchritz, Freiberg) Germany (1,100 people)
Immeuble Eureka, Nanterre, France (2,000 people)
Sanofi Aventis R&D, Massy, France (1,400 people)
Axa Corporate Solutions, Paris, France (1,100 people)
AVIA, 11 sites, East of France
Ceske aerolinie a.s, Prague, Czech Republic
RIE 103 Grenelle, Paris, France
Bouygues Telecom - Tour Mozart, Issy-les-Moulineaux, France
Malakoff Mederic, Guyancourt, France
RIE Le Millénaire II, Paris, France
Natixis Arc de Seine, Paris, France
M.M.A. Mutuelle du Mans Assurances, 4 sites, France
Société Générale Pôle Paris, 9 sites, France
Nokia, Copenhagen, Denmark
Itella, 4 sites (Helsinki, Vantaa, Oulu, Turku), Finland
Procter & Gamble, Csomor, Hungary
Ministerie VWS, Den Haag, Netherlands

Health Care and Seniors

Universitatsklinikum Schleswig-Holstein Campus Kiel, Kiel, Germany (2,250 beds)
H. Juan Grande Jerez, Jerez, Spain (224 beds)
A.P.S.P. Civica di Trento, Trento, Italy (358 beds)
Centre Médico-Chirurgical de l'Europe, Le Port Marly, France (251 beds)
Liberty Residence Club, Paris, France (100 beds)
Centre de Réadaptation Sainte Marie, Paris, France
Hospital General de Catalunya, Barcelona, Spain
Imas Emili Mira, Santa Coloma de Gramanet, Spain
CSI Moises Broggi, Sant Joan Despi, Spain
Centre Hospitalier Saint Michel, France

Education

Katrineholms kommun, Katrineholm, Sweden
EDHEC, Lille, France (3,000 people)
Schools of Helsingborg city, Helsingborg, Sweden
Schools of Segrate city, Milano, Italy
II kerulet oktatasi intezmenyei, Budapest, Hungary
Savonia, 2 sites in Kuopio, Finland

Justice

27 correctional facilities, France

United Kingdom and Ireland

Health Care and Seniors

Nuffield Health and Wellbeing, 14 sites, United Kingdom

Education

Kings Park Primary School, Wiltshire, United Kingdom
Reading Blue Coats, Reading, United Kingdom
University of Stirling, Stirling, Scotland

Remote Sites

AMEC Process and Energy, Dunlin Alpha Rig, North Sea, Scotland

Latin America

Corporate

Maxion, Cruzeiro, Sao Paulo, Brazil (4,000 people)
Fabricato Tejicondor, Bello, Antioquia, Colombia (3,500 people)
Clariant, 3 sites (Resende, Rio Janeiro - Duque de Caixas, Rio Janeiro - Suzano,
Sao Paulo) Brazil and Chile (4,000 people)
Pirelli, 5 sites, Brazil
Procter & Gamble, Santiago, Chile
Itaú Unibanco, Sao Paulo, Brazil

Health Care and Seniors

Hospital Gustavo Fricke, Viña del Mar, Chile
Fondacion Favaloro, Buenos Aires, Argentina

Education

Pontificai Universidad Catolica, Porto Alegre, Rio Grande do Sul, Brazil (1,700
people)

Remote Sites

Petrobras, Paulinia, Sao Paulo, Brazil (3,800 people)
Minsur, Tacna, Peru (460 people)
Anglo American, Colina, Santiago, Chile (600 people)
Intesar, 3 sites between Comahue and Cuyo Regions, Argentina (320 people)
MARSA (Mina Aurifera Retamas S.A.), Trujillo, Peru
MINERA ESPERANZA Pipeline Construction, Sierra Gorda, Chile
Salobo Metais (Vale Mining Site), Marabá, Brazil
Mina de Fabrica (Vale Mining Site), Congonhas, Brazil

Rest of the World

Corporate

Toys`R`Us, 35 Retail Sites and 2 Commercial Sites, Australia
Hindustan Unilever Garden, Mumbai, India (1,700 people)
GMR, IBC Knowledge Park, Bangalore, India (2,000 people)
Tata E-serve, Mumbai, India (4,000 people)
Tata Motors, Ahmedabad, India (4,000 people)
Wuhan Heavy Duty Machine Tool Group Corporation, Wuhan, China (2,400 people)

Remote Sites

SapuraCrest, Vessel LTS 3000, Malaysia (295 people)
Karazhanbasmunai, (KBM), Aktau, Kazakhstan (1,800 people)
TOTAL, OTTO barge, Congo (300 people)
Baytur Abba, Saudi Arabia (2,250 people)
KSA BGP Arabia Company, SaoudiArabia

Motivation Solutions

Europe

Belgium

Media Markt (Meal Pass, 1,400 beneficiaries)
Roeselare Hospital (Meal Pass, 2,300 beneficiaries)

France

CNES (Home Pass, 1,000 beneficiaries)
Steria (Meal Pass, 3,200 beneficiaries)
Nocibe (Meal Pass, 2,000 beneficiaries)

Italy

Allianz Group (Meal Pass, 4,500 beneficiaries)

Luxembourg

Amazon (Meal Pass, 130 beneficiaries)

Spain

Kraft Food Spain Services (Meal Pass)
DHL Express Services (Education Pass)

Turkey

Borusan Holding (BMW Group) (Meal Pass, 300 beneficiaries)
Henkel Chemicals Turkey (Meal Pass, 250 beneficiaries)

Hungary

Waberer`s International (Meal Pass, 2,300 beneficiaries)

Czech Republic

Arcelor Mittal Ostrava (Gift Pass)

Romania

Telecomunicatii CFR (Meal Pass, 3,360 beneficiaries)
Heineken (Incentive)
STX Tulcea (Meal Pass, 1,300 beneficiaries)

Russia

Sberbank (Gift Pass, 20,300 beneficiaries)
Procter & Gamble (Gift Pass, 1,000 beneficiaries)

Slovakia

Agentúra Manna (Gift Pass, 3,500 beneficiaries)

Latin America

Brazil

Norske Skog (Food Pass, 1,500 beneficiaries)
Global Village Telecom (Food & Meal Pass, 4,600 beneficiaries)
Consortium Gasvap (Food Pass, 2,100 beneficiaries)
Brazilian Development Bank (Food & Meal Pass, 2,200 beneficiaries)
Infraero (Food & Meal Pass, 1,200 beneficiaries)

Colombia

Departamento Administrativo de Seguridad (Working clothes Pass, 10,500
beneficiaries)
Ecopetrol (Food Pass, 1,100 beneficiaries)

Mexico

Mexico decentralized Public Organism (Food Pass, 7,100 beneficiaries)
Health Services of Durango (Food Pass, 2,000 beneficiaries)
Cultural Centres (Food Pass, 1,650 beneficiaries)

Venezuela

City Hall of Mara (Food Pass, 1,000 beneficiaries)
Víveres de Candido (Food Pass, 1,000 beneficiaries)
Technical Aeronautic Services de Zulia (Food Pass, 600 beneficiaries)

Asia

China

Microsoft (Meal Pass, 850 beneficiaries)

India

PepsiCo India Holding (Gift Pass, 7,500 beneficiaries)
Gujarat State Fertilisers and Chemicals (Meal & Gift Pass, 3,000 beneficiaries)
Logica (Meal Pass, 4,200 beneficiaries)
Accenture (Meal Pass, 11,350 beneficiaries)

Sodexo
Press contact
Jean-Charles TREHAN
Tel. & Fax: + 33 1 57 75 80 24
E-mail: jean-charles.trehan@sodexo.com
or
Investor Relations
Pierre BENAICH
Tel. & Fax: + 33 1 57 75 80 56
E-mail: pierre.benaich@sodexo.com

Copyright Business Wire 2010