Sodexo France: The latest figures, news and market research on Sodexo France

Turnover: 2700 million EUR (2023)

Country: France

Founded in 1966 in Marseilles by Pierre Bellon, Sodexo is the world leader in foodservices and corporate services. The company is present in 80 countries and serves more than 100 million customers every day.

The company is still controlled by the Bellon family

In Italy, the company achieved sales of € 403.33 million in 2022.

News

Foodservices Sodexo continues to transform its business model 26/10/2023

Sodexo client retention rate: 95.2
Fiscal 2023 revenue growth: +11.6%
Sodexo revenues in 2023: 22.6 billion euros
Sales of the Pluxee meal voucher activity: +26.9% to 1 billion euros
Pluxee net income: 234 million euros
Net income for all other Sodexo activities: 560 million euros
Percentage of Group capital controlled by Bellon SA family holding: over 40%
The United States accounts for 46% of Sodexo's on-site service revenues.

Sodexo BRS: transforming the customer experience 02/06/2023

Sodexo BRS (Benefits & Rewards Services) uses Genesys Cloud CX and Salesforce Service Cloud to harmonize its customer service strategy
Sodexo BRS presence in 31 countries.
36 million beneficiaries of Sodexo BRS services.
500,000 corporate and public organization clients.
1.7 million merchant partners.
More than 1,500 customer service agents in different countries.

Sodexo splits in two to increase shareholder value 07/04/2023

Sodexo is the world's number two in foodservices.
Spin-off of the BRS division planned for 2024.
Sodexo's current market value is around 15 billion euros.
BRS represents less than 5% of Sodexo's revenues, but 25% of its operating results.
BRS employs less than 5,000 people out of a total of 420,000 Sodexo employees worldwide.
BRS is targeting sales of 1 billion euros this year.
The market capitalization of Edenred, a major competitor, exceeds 14 billion euros.
Since 2016, Edenred has doubled in size.
Start-up Swile, a competitor in the meal voucher sector, raised 175 million euros at the end of 2021.

Sodexo announces spin-off of activities 05/04/2023

Net income up 30.6% for the first half of Sodexo's second-quarter fiscal year
Net income of 440 million euros from September 2022 to February 2023
sodexo employs 422,000 people in 53 countries
The foodservices group plans to spin off its "employee benefits and rewards" activities into a listed company.
Planned for "the course of 2024", the operation will involve a "distribution of shares in (the new) entity to Sodexo shareholders",
The Bellon SA family holding company, Sodexo's main shareholder with 42.8% of the capital as of August 31, 2022, "supports this project and intends to retain a long-term role as controlling shareholder in both entities", says the text.

Sodexo to spin off and list its Benefits & Rewards division 05/04/2023

- Proposed demerger of the Benefits and Rewards Services activity scheduled for 2024
- Bellon SA: Sodexo's largest shareholder with 42.75%, supports demerger project

For Sodexo Liveve, Sodexo's events branch, the American dream of its glamour branch is becoming a reality 19/12/2022

The United States accounts for 60% of sales, ahead of France 25% and the UK 11%
Sodexo operates prestigious stadiums and convention centers in the U.S
The global sports and leisure foodservices market is estimated at $76 billion (Bain study)
and $17 billion in the U.S., France and the U.K., the 3 most attractive countries for events
Sodexo Live! is the 4th largest operator worldwide, behind its British competitors
Sodexo Live sales 1.7 billion euros before Covid and 1.3 billion in 2021

Financial Data

DUNS: 310923008

Legal Name: SODEXO EN FRANCE

Address: 6 RUE DE LA REDOUTE , 78280 GUYANCOURT

Number of employees: Entre 500 et 999 salariés (2020)

Capital: 1 040 896 EUR

Financial Data:

Year	2021	2020	2019	2018	2017	2015
Turnover	227 387 343	201 088 763	211 183 755	198 548 302	198 098 201	133 642 418
Gross margin (€)	205 789 051	187 332 161	186 879 271	166 692 965	167 164 872	-
EBITDA (€)	15 376 631	13 097 489	7 106 488	7 458 157	6 722 068	-
Operating profit (€)	-1 199 514	-856 560	-3 893 831	-5 911 349	-2 268 436	-
Net profit (€)	-67 766	-232 945	-1 519 566	-2 506 746	1 742 506	3 162 150
Turnover growth rate (%)	13,1	-4,8	6,4	0,2	15	-
Ebitda margin rate (%)	6,8	6,5	3,4	3,8	3,4	-
Operating margin rate (%)	-0,5	-0,4	-1,8	-3	-1,1	-
Working Capital (turnover days)	-116,7	441,8	223,4	197,5	123,9	-
Working Capital requirements (turnover days)	-7,4	-48,6	-35,7	-57,1	-61	-
Net margin (%)	-	-0,1	-0,7	-1,3	0,9	-
Added value / Turnover (%)	41,8	39,2	36,2	37,3	34,8	-
Wages and social charges (€)	76 351 210	61 862 349	65 825 859	62 753 985	58 570 448	-
Salaries / Turnover (%)	33,6	30,8	31,2	31,6	29,6	-