Sodexo UK & Ireland revenues increase by 9.6%

17 November 2016 by
Sodexo UK & Ireland revenues increase by 9.6%

Services company Sodexo has reported that its revenues for the UK & Ireland strand of the business increased by 9.6% to €2b (£1.7b).

In its full year results for the fiscal year ending 31 August 2016, the company said it achieved record trading in the region.

Sodexo attributed part of its 11.3% of organic growth to the Rugby World Cup contract in the first quarter of the year.

But it said even without the tournament, the organic growth trend was 5.3% due to several contract wins and retentions.

In the past year, Sodexo has grown its business in the UK and Ireland, having won several private and public sector contracts.

In the defence sector, Sodexo was awarded the Hestia South Regional contract, which includes 31 army and RAF units across southern England and was awarded the contract for the North of England region multi-activity contract.

Sodexo also won contracts in the corporate and sports & leisure sectors with Covance, Shell, Scottish Public Pensions Agency, National Trust for Scotland, and the Northern Ireland National Football Stadium at Windsor Park.

While in the university and schools sectors, Sodexo was awarded contracts with National University of Ireland, Galway, Northumbria University, Stoneygate School, Rathmore Grammar School, Brentwood School and University of Nottingham.

In addition to new business successes, Sodexo has achieved a retention rate of over 96% - the fourth year that the company has achieved a rate above 95%.

The company has retained or increased business with some clients including Dundas and Blair Castles, Oasis Academy schools, Queen's Hospital in Romford, Royal Botanical Garden Edinburgh, Everton Football Club, Hampden Park stadium, Honda and Virgin Atlantic lounges.

Sean Haley (pictured), regional chairman for Sodexo UK & Ireland, said: "We are delighted that over the past year we have won some significant new business while at the same time growing our existing accounts and achieving an excellent retention rate. At the heart of our strategy is our mission to improve the quality of life for our clients, customers and employees and this is key to how we do business."

For the year ending 31 August 2016, Sodexo revenues amounted to €20.2b (£17.4), up 2.2% on Fiscal 2015 and organic growth of 2.5%.

Sodexo reports pay gap of 7.65% >>
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Sodexo acquires procurement firm PSL >>

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