News
Sodexo Increases 1st-Quarter Revenue
January 5, 2024
Sodexo reported a fiscal first-quarter revenue of US$6.89 billion, a 3.1% increase from last year’s revenue of $6.67 billion in the same time period.
The company saw a 4.7% increase in sales in its facility management services division, while revenue in its business and administrations division was up 12.1% compared to the same time last year. Sodexo’s education division reported a 7.5% rise in revenue, and the company’s healthcare division increased sales 6.3%.
“First-quarter growth has remained strong in all geographies, due to pricing, new contract ramp-ups and continued volume growth, particularly in corporate services, sports and leisure, and education,” said Sophie Bellon, Sodexo CEO. “We have had a good start to the year in terms of activity, and we are solidly on track with our strategic plan to be the world leader in sustainable food and valued experiences.”
About Sodexo
Founded in 1966, Sodexo is a global provider of integrated food and facilities management services with more than 380,000 employees in 80 countries. For more information, visit www.sodexo.com.
