| (in million euros) | FISCAL 2024 | FISCAL 2023 | DIFFERENCE | DIFFERENCE CONSTANT RATES |
|---|---|---|---|---|
| Revenues | Revenues FISCAL 202423,798 |
Revenues FISCAL 202322,637 |
Revenues DIFFERENCE+5.1% |
Revenues DIFFERENCE CONSTANT RATES+7.0% |
| Organic growth | Organic growth FISCAL 2024+7.9% |
Organic growth FISCAL 2023+11.0% |
Organic growth DIFFERENCE
|
Organic growth DIFFERENCE CONSTANT RATESnot-included |
| UNDERLYING OPERATING PROFIT | UNDERLYING OPERATING PROFITFISCAL 20241,109 | UNDERLYING OPERATING PROFITFISCAL 2023976 | UNDERLYING OPERATING PROFITDIFFERENCE+13.7% | UNDERLYING OPERATING PROFITDIFFERENCE CONSTANT RATES+16.0% |
| UNDERLYING OPERATING PROFIT MARGIN | UNDERLYING OPERATING PROFIT MARGINFISCAL 20244.7% | UNDERLYING OPERATING PROFIT MARGINFISCAL 20234.3% | UNDERLYING OPERATING PROFIT MARGINDIFFERENCE+40 bps | UNDERLYING OPERATING PROFIT MARGINDIFFERENCE CONSTANT RATES+40 bps |
| Other operating income and expenses | Other operating income and expenses FISCAL 2024(58) |
Other operating income and expenses FISCAL 2023(129) |
Other operating income and expenses DIFFERENCEnot-included |
Other operating income and expenses DIFFERENCE CONSTANT RATESnot-included |
| OPERATING PROFIT | OPERATING PROFITFISCAL 20241,051 | OPERATING PROFITFISCAL 2023847 | OPERATING PROFITDIFFERENCE+24.1% | OPERATING PROFITDIFFERENCE CONSTANT RATES+25.6% |
| Net financial expense | Net financial expense FISCAL 2024(63) |
Net financial expense FISCAL 2023(101) |
Net financial expense DIFFERENCEnot-included |
Net financial expense DIFFERENCE CONSTANT RATESnot-included |
| Tax charge | Tax charge FISCAL 2024(249) |
Tax charge FISCAL 2023(181) |
Tax charge DIFFERENCEnot-included |
Tax charge DIFFERENCE CONSTANT RATESnot-included |
| Effective tax rate(1) | Effective tax rate (1)FISCAL 202425.4% |
Effective tax rate (1)FISCAL 202324.6% |
Effective tax rate (1)DIFFERENCEnot-included |
Effective tax rate (1)DIFFERENCE CONSTANT RATESnot-included |
| GROUP NET PROFIT FROM CONTINUING OPERATIONS(2) - Group share | GROUP NET PROFIT FROM CONTINUING OPERATIONS(2) - Group shareFISCAL 2024738 | GROUP NET PROFIT FROM CONTINUING OPERATIONS(2) - Group shareFISCAL 2023560 | GROUP NET PROFIT FROM CONTINUING OPERATIONS(2) - Group shareDIFFERENCE+31.8% | GROUP NET PROFIT FROM CONTINUING OPERATIONS(2) - Group shareDIFFERENCE CONSTANT RATES+33.6% |
| Basic EPS from Continuing Operations (in euros) | Basic EPS from Continuing Operations (in euros) FISCAL 20245.04 |
Basic EPS from Continuing Operations (in euros) FISCAL 20233.83 |
Basic EPS from Continuing Operations (in euros) DIFFERENCE+31.6% |
Basic EPS from Continuing Operations (in euros) DIFFERENCE CONSTANT RATESnot-included |
| UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS - Group share | UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS - Group shareFISCAL 2024775 | UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS - Group shareFISCAL 2023659 | UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS - Group shareDIFFERENCE+17.6% | UNDERLYING NET PROFIT FROM CONTINUING OPERATIONS - Group shareDIFFERENCE CONSTANT RATES+20.2% |
| Basic Underlying EPS from Continuing Operations (in euros) | Basic Underlying EPS from Continuing Operations (in euros) FISCAL 20245.29 |
Basic Underlying EPS from Continuing Operations (in euros) FISCAL 20234.51 |
Basic Underlying EPS from Continuing Operations (in euros) DIFFERENCE+17.3% |
Basic Underlying EPS from Continuing Operations (in euros) DIFFERENCE CONSTANT RATESnot-included |
(1) ETR based on Pre-tax profit excluding share of profit from Equity method of 983 million euros in Fiscal 2024 and 737 million euros in Fiscal 2023.
(2) Profit attributable to non-controlling interests were 9 million euros in Fiscal 2024 and 8 million euros in Fiscal 2023.
| REVENUES (in million euros) | FISCAL 2024 | FISCAL 2023 | ORGANIC GROWTH | EXTERNAL GROWTH | CURRENCY EFFECT | TOTAL GROWTH |
|---|---|---|---|---|---|---|
| North America | North America FISCAL 202411,111 |
North America FISCAL 202310,479 |
North America ORGANIC GROWTH+8.7 % |
North America EXTERNAL GROWTH-0.4 % |
North America CURRENCY EFFECT-2.3 % |
North America TOTAL GROWTH+6.0 % |
| Europe | Europe FISCAL 20248,448 |
Europe FISCAL 20238,071 |
Europe ORGANIC GROWTH+7.2 % |
Europe EXTERNAL GROWTH-2.2 % |
Europe CURRENCY EFFECT-0.3 % |
Europe TOTAL GROWTH+4.7 % |
| Rest of the World | Rest of the World FISCAL 20244,239 |
Rest of the World FISCAL 20234,087 |
Rest of the World ORGANIC GROWTH+7.3 % |
Rest of the World EXTERNAL GROWTH+0.1 % |
Rest of the World CURRENCY EFFECT-3.7 % |
Rest of the World TOTAL GROWTH+3.7 % |
| SODEXO | SODEXOFISCAL 2024 23,798 |
SODEXOFISCAL 2023 22,637 |
SODEXOORGANIC GROWTH +7.9 % |
SODEXOEXTERNAL GROWTH -1.0 % |
SODEXOCURRENCY EFFECT -1.8 % |
SODEXOTOTAL GROWTH +5.1 % |
Fiscal 2024 consolidated revenues reached 23.8 billion euros, up +5.1% year-on-year, including a negative currency impact of -1.8% resulting from the appreciation of the euro against most currencies and a net contribution from acquisitions and disposals of -1.0% mainly linked to the sale of the Homecare activities in October 2023. Consequently, Fiscal 2024 organic revenue growth was +7.9%, which was driven by effective inflation pass-through, accelerated net new contribution, some ongoing post-Covid recovery and a standout year at Sodexo Live!. This included both the Rugby World Cup and the Paris Olympics as well as multiple lounge openings especially in North America. The Olympic contract boosted Fourth quarter Fiscal 2024 revenue by 66 million euros, and together with the Rugby World Cup, accounted for +0.4% in full-year organic growth.
Food services were particularly strong with an organic growth of +9.3%, now representing 66% of Group revenues, increasing from 64% in Fiscal 2023, and back up to pre-Covid levels. FM services were up +5.5% organically.
The commercial momentum was strong in Fiscal 2024:
