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Sodexho reports a 6.6% rise in turnover

16 November 2006

Sodexho has posted strong figures for 2006 that saw a 6.6% jump in worldwide turnover to €12.8b (£8.7b).

Group chief executive Michel Landel pointed to a strong future based on a diverse business model. He said: "Going forward, we intend to reinforce our position as a global expert in both food and facilities management services and in service voucher cards."

In the UK and Ireland, turnover edged up by 5.2% from €1.3b (£883m) to €1.37b (£930m), where the business and industry division returned to the black for the first time in five years.

Education remains a tougher sector. Last month Landel predicted a 4.8% drop in turnover on the back of falling school meals uptake.

He emphasised the group's policy of selectivity in the education arena but denied Sodexho was planning a pullout.

"No, we won't exit the market at all. For us education is a very important market and is still very attractive in the medium term," he said.

Sodexho celebrates profit growth in UK and Ireland >>

Sodexho LEA chief quits for schools role >>

By Tom Bill

E-mail your comments to Tom Bill](mailto:tom.bill@rbi.co.uk?subject=Sodexho reports a 6.6% rise in turnover) here.

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