News
Sodexo Increases 3rd Quarter Revenue 23%
July 6, 2022
Sodexo reported a fiscal third-quarter revenue of US$5.6 billion, a 23.2% year-over-year increase in sales.
The company saw a 18.3% increase in sales in its on-site services division, while revenue in its business and administrations division was up 26.6% compared to the same time last year. Sodexo’s education division reported a 17.4% jump in revenue and the company’s healthcare division increased sales 4.6%.
“Growth in the third quarter has been strong in all activities, segments and geographies, helped by post-Omicron on-site volume recovery and price revisions,” said Sophie Bellon, Sodexo CEO. “We are making progress on our strategic priorities and plan to transfer full P&L accountability to the countries, regrouped into three geographic zones—North America, Europe, and the Rest of the World.”
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.
