The French firm’s foodservice segment achieved 9.3% sales growth to €23.8bn over the last 12 months, boosted by catering contracts at the 2023 Rugby World Cup and 2024 Olympics in France
Sodexo serves 80 million consumers daily across more than 45 countries | Photo credit: Sodexo
French contract catering and facilities management group Sodexo achieved 5% year-on-year sales growth last year, with revenues driven by a greater focus on its foodservice segment.
Sodexo’s total sales in the 12 months ended 31 August 2024 reached €23.8bn ($25.7bn), with the group’s food services and facilities management segments achieving 9.3% and 5.5% sales growth respectively.
Food services – including catering services across offices, hospitals, leisure facilities and educational campuses – accounted for 66% of group revenues during the period, up from 55% two years ago.
Regionally, North America accounted for 47% of Sodexo’s total sales – with the group’s Europe and Rest of the World geographic segments generating 35% and 18% respectively.
However, European sales were boosted by a strong performance for the group’s Sodexo Live! division, including contracts for the Rugby World Cup, which took place in France between September-October 2023, and the Paris Olympics, which were held in the French capital between July-August 2024.
Sodexo Live! manages a portfolio of 500 prestigious conference, cultural, and sporting venues and major events globally.
“With our simplified structure, reorganised by geography, as a pure-player in food and facilities management services, we are mobilised on enhancing our operational execution to drive profitable and sustainable growth. Looking forward, I am confident that our progress on deploying our culinary food expertise through our food brands and our new production and distribution models, combined with strong digital features, will help us make a difference for clients and consumers,” said Sophie Bellon, CEO, Sodexo.
Founded in Marseille in 1966, Sodexo serves 80 million consumers daily across more than 45 countries, providing integrated food, facilities management and organisational services to clients in the corporate, education, healthcare, senior living, leisure and government sectors.