Sodexho aims for global expertise in three markets

23 November 2006
Sodexho aims for global expertise in three markets

The group chief executive of Sodexho has pointed to a diverse future built on expertise in the contract catering, facilities management and voucher card markets.

At the group's 2006 end-of-year results presentation last week, Michel Landel said Sodexho aimed to become the "global expert" in the three markets.

It reported strong year-end figures that saw pre-tax profit grow by 51.6% to €505m (£343m) on the back of a 6.6% rise in turnover to €12.8b (£8.7b).

• US caterer Aramark also announced its year-end figures last week and said the management buyout, led by chief executive Joseph Neubauer, would happen late this year or in early 2007.

Turnover rose by 6% to $11.6b (£6.1b), while net income dipped slightly from $288m (£152m) to $261m (£138m).

Michael Schneider, analyst at US company Robert W Baird, said the Aramark figures were "below expectations" and partly due to the fees related to the pending buyout.

Although no UK breakdown was provided, Caterer revealed two weeks ago that turnover was about £350m.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

As a current holder of the Queen’s Award for Enterprise, Jacobs Media Group extends its condolences on the passing of Queen Elizabeth ll.

Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking