|
REVENUES BY SEGMENT (in million euros) |
FISCAL 2024 | FISCAL 2023 | RESTATED ORGANIC GROWTH(2) |
|---|---|---|---|
| Business & Administrations(1) | Business & Administrations (1)FISCAL 20243,036 |
Business & Administrations (1)FISCAL 20233,866 |
Business & Administrations (1)RESTATED ORGANIC GROWTH(2)+11.8 % |
| Sodexo Live! | Sodexo Live! FISCAL 20241,428 |
Sodexo Live! FISCAL 2023— |
Sodexo Live! RESTATED ORGANIC GROWTH(2)+23.4 % |
| Healthcare & Seniors | Healthcare & Seniors FISCAL 20243,411 |
Healthcare & Seniors FISCAL 20233,440 |
Healthcare & Seniors RESTATED ORGANIC GROWTH(2)+5.1 % |
| Education | Education FISCAL 20243,236 |
Education FISCAL 20233,173 |
Education RESTATED ORGANIC GROWTH(2)+4.2 % |
| NORTH AMERICA TOTAL | NORTH AMERICA TOTALFISCAL 202411,111 | NORTH AMERICA TOTALFISCAL 2023 10,479 | NORTH AMERICA TOTALRESTATED ORGANIC GROWTH(2) +8.7 % |
(1) Since the first half of 2024, the Group has been reporting Sodexo Live! revenue separately; it was previously included in the Business & Administrations segment.
(2) As part of the streamlining of the organization during Fiscal 2023, some contracts or operations have been reallocated between segments.
Fiscal 2024 North America revenues totaled 11.1 billion euros, up +8.7% organically. This strong growth resulted from a continued trickle of consumers returning to the office, more travellers in the airports, an acceleration of net development, some cross-selling and pricing averaging around 3.5%.
Restated organic growth in Business & Administrations (excl. Sodexo Live!) reached +11.8%, driven by the contribution of new business, strong growth in Food services and price adjustments. Entegra also contributed to the momentum with strong organic growth.
Sodexo Live! restated organic growth was +23.4%, driven by robust activity in all venues, and in particular strong per capita spend in sports stadiums. Airport lounges activity also grew strongly with increased passenger count, added services and mobilization of new business.
In Healthcare & Seniors, revenues were up +5.1% organically, driven by price increases, volume & retail growth, and favorable net new contribution. This growth was somewhat offset by a negative contribution in Seniors due to the impact of sites lost at the end of the prior fiscal year.
In Education, organic growth was +4.2% benefiting from price increases as well as growth in meal count, retail and catering events, particularly in Universities. However, the performance was impacted by the reduction in the number of sites of a large school contract from March 2024 and the impact of some contract demobilizations in the fourth quarter in universities.
| REVENUES BY SEGMENT (in million euros) | FISCAL 2024 | FISCAL 2023 | RESTATED ORGANIC GROWTH(2) |
|---|---|---|---|
| Business & Administrations(1) | Business & Administrations (1)FISCAL 20244,681 |
Business & Administrations (1)FISCAL 20235,337 |
Business & Administrations (1)RESTATED ORGANIC GROWTH(2)+5.3 % |
| Sodexo Live! | Sodexo Live! FISCAL 2024750 |
Sodexo Live! FISCAL 2023— |
Sodexo Live! RESTATED ORGANIC GROWTH(2)+25.5 % |
| Healthcare & Seniors | Healthcare & Seniors FISCAL 20241,885 |
Healthcare & Seniors FISCAL 20232,026 |
Healthcare & Seniors RESTATED ORGANIC GROWTH(2)+6.1 % |
| Education | Education FISCAL 20241,132 |
Education FISCAL 2023708 |
Education RESTATED ORGANIC GROWTH(2)+6.9 % |
| EUROPE TOTAL | EUROPE TOTALFISCAL 2024 8,448 | EUROPE TOTALFISCAL 2023 8,071 | EUROPE TOTALRESTATED ORGANIC GROWTH(2) +7.2% |
(1) Since the first half of 2024, the Group has been reporting Sodexo Live! revenue separately; it was previously included in the Business & Administrations segment..
(2) As part of the streamlining of the organization during Fiscal 2023, some contracts or operations have been reallocated between segments.
Fiscal 2024 Europe revenues totaled 8.4 billion euros, up +7.2% organically. The growth was driven by increased food volumes, price adjustments of just below 5% and the contribution of the Paris Olympics and the Rugby World Cup. Excluding these large sporting events, organic growth would have been +6.0%, slowing in the second half due to the sequential slowdown in pricing and the negative effect of the Paris Olympics on some tourist and corporate activities.
In Business & Administration, (excl. Sodexo Live!) restated organic growth was +5.3%. This was supported by Corporate services benefiting from both price increases and higher attendance, coupled with new business in Government in the United Kingdom and strong growth in Türkiye, driven by inflation pricing pass through.
Sodexo Live! restated organic growth stood at +25.5%, or +8.8% excluding the Rugby World Cup and the Olympics. In the first half, the growth was primarily driven by improved attendance and pricing in sports and cultural destinations in France, by increased volumes in the United Kingdom in airport lounges, as activity was only just starting to pick-up in early Fiscal 2023 post-pandemic, and stadiums, helped by price increases. In the second half, the negativel effect of the Olympics on the peak season tourist activity in Paris, such as boat tours, impacted organic growth in Europe, for about -4.1% in the second half.
In Healthcare & Seniors, restated organic growth was +6.1%, driven by price revisions and new openings in Spain, Belgium and France.
In Education, restated organic revenue growth was +6.9%, reflecting the significant positive impact of price revisions especially in the UK and France from the start of the school year, somewhat offset by the exit of low performing school contracts in France.
