Sodexho reports a 6.6% rise in turnover

16 November 2006
Sodexho reports a 6.6% rise in turnover

Sodexho has posted strong figures for 2006 that saw a 6.6% jump in worldwide turnover to €12.8b (£8.7b).

Group chief executive Michel Landel pointed to a strong future based on a diverse business model. He said: "Going forward, we intend to reinforce our position as a global expert in both food and facilities management services and in service voucher cards."

In the UK and Ireland, turnover edged up by 5.2% from €1.3b (£883m) to €1.37b (£930m), where the business and industry division returned to the black for the first time in five years.

Education remains a tougher sector. Last month Landel predicted a 4.8% drop in turnover on the back of falling school meals uptake.

He emphasised the group's policy of selectivity in the education arena but denied Sodexho was planning a pullout.

"No, we won't exit the market at all. For us education is a very important market and is still very attractive in the medium term," he said.

Sodexho celebrates profit growth in UK and Ireland >>

Sodexho LEA chief quits for schools role >>

By Tom Bill

E-mail your comments to Tom Bill]( reports a 6.6% rise in turnover) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku]( "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
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!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. 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