Fiscal 2021 Universal Registration Document

3. Fiscal year activity report

Business & Administrations
REVENUES
REVENUES BY REGION
(in millions of euro)
FY 2021 FY 2020 ORGANIC GROWTH
North America

North America

FY 2021

1,859

North America

FY 2020

2,518

North America

ORGANIC GROWTH

-21.2%

Europe

Europe

FY 2021

4,200

Europe

FY 2020

4,904

Europe

ORGANIC GROWTH

-13.1%

Asia-Pacific, Latam, Middle East and Africa

Asia-Pacific, Latam, Middle East and Africa

FY 2021

2,825

Asia-Pacific, Latam, Middle East and Africa

FY 2020

2,843

Asia-Pacific, Latam, Middle East and Africa

ORGANIC GROWTH

+6.4%

BUSINESS & ADMINISTRATIONS TOTAL BUSINESS & ADMINISTRATIONS TOTALFY 20218,884 BUSINESS & ADMINISTRATIONS TOTALFY 202010,265 BUSINESS & ADMINISTRATIONS TOTALORGANIC GROWTH-9.7%

Fiscal 2021 Business & Administrations revenues totaled 8.9 billion euro, down -9.7% organically. This was a combination of organic decline in the first half of -26.5% and a rebound of +14.6% in the second half.

FOR THE SECOND HALF ONLY
REVENUES BY REGION
(in millions of euro)
H2 FY 2021 H2 FY 2020 ORGANIC GROWTH
North America

North America

H2 FY 2021

1,031

North America

H2 FY 2020

860

North America

ORGANIC GROWTH

+25.0%

Europe

Europe

H2 FY 2021

2,116

Europe

H2 FY 2020

1,920

Europe

ORGANIC GROWTH

+11.0%

Asia-Pacific, Latam, Middle East and Africa

Asia-Pacific, Latam, Middle East and Africa

H2 FY 2021

1,456

Asia-Pacific, Latam, Middle East and Africa

H2 FY 2020

1,299

Asia-Pacific, Latam, Middle East and Africa

ORGANIC GROWTH

+12.9%

BUSINESS & ADMINISTRATIONS TOTAL BUSINESS & ADMINISTRATIONS TOTALH2 FY 20214,603 BUSINESS & ADMINISTRATIONS TOTALH2 FY 20204,079 BUSINESS & ADMINISTRATIONS TOTALORGANIC GROWTH+14.6%

Second half organic growth in North America was +25%, thanks to a soft comparable base, modest recovery in Corporate Services, delayed somewhat by the delta variant, and a strong rebound in the fourth quarter in the sports activities of Sports & Leisure. Government & Agencies and Energy & Resources were also up significantly during the period due to the return to normal activity and new contract startups, particularly in Energy & Resources.

In Europe, second half revenues were up +11% organically, driven by the progressive return to the office in Continental Europe after the end of the lockdowns, some recovery in the Sports & Leisure activities during the summer and in particular the sports and tourism activities. Government & Agencies activity was strong despite the impact from the loss of the Transforming Rehabilitation contract in the UK during the fourth quarter. Energy & Resources was also strong with positive net new business and strong growth with the large global accounts.

In Asia-Pacific, Latam, Middle East and Africa organic revenue growth was +12.9%. The Corporate Services segment continued to recover across all regions, even in India in the fourth quarter, as the delta variant impact subsided. Energy & Resources continued to achieve very solid growth, against a backdrop of unbroken strong double digit growth in the last two years. New business ramp-ups and strong underlying growth in Latin America more than offset some contract losses and a ramp-down in some of the Covid-related extra FM Services in the Asia-Pacific region.

Healthcare & Seniors
REVENUES BY REGION
(in millions of euro)
FY 2021 FY 2020 ORGANIC GROWTH
North America

North America

FY 2021

2,642

North America

FY 2020

2,950

North America

ORGANIC GROWTH

-4.2 %

Europe

Europe

FY 2021

1,838

Europe

FY 2020

1,579

Europe

ORGANIC GROWTH

+15.6 %

Asia-Pacific, Latam, Middle East and Africa

Asia-Pacific, Latam, Middle East and Africa

FY 2021

281

Asia-Pacific, Latam, Middle East and Africa

FY 2020

286

Asia-Pacific, Latam, Middle East and Africa

ORGANIC GROWTH

+8.7 %

HEALTHCARE & SENIORS TOTAL HEALTHCARE & SENIORS TOTALFY 20214,762 HEALTHCARE & SENIORS TOTALFY 20204,815 HEALTHCARE & SENIORS TOTALORGANIC GROWTH+ 3.1 %

Healthcare & Seniors revenues amounted to 4.8 billion euro, up +3.1% organically. The first half was down -2.1% due to some significant contract losses and a large contract exit. In the second half, organic growth was +8.7%, particularly boosted by the contribution of the Rapid Testing Centres contract in the UK.