Sodexo First Half Fiscal 2018 Estimates and Annual Guidance Update

Issy-les-Moulineaux, March 29, 2018 -Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY), world leader in Quality of Life Services, today provides an update on its financial performance for Fiscal First Half 2018, which ended on February 28, 2018 and annual guidance update. Summary...

London, 29/03/2018 (informazione.news - comunicati stampa - turismo) Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY), world leader in Quality of Life Services, today provides an update on its financial performance for Fiscal First Half 2018, which ended on February 28, 2018 and annual guidance update.

                            

In the immediate term we are implementing a series of initiatives to increase contributions from underperforming contracts, enhance labor productivity through demand-based scheduling, control spend more strictly, and improve process and procurement compliance.

Furthermore, the leadership team is strengthening Sodexo's culture of performance with more discipline, rigor and accountability, while maintaining its entrepreneurial spirit. A deep review of our cost base is in process and will be rolled out across the Group.

All these measures are intended to deliver further sustainable cost savings which will be redeployed to improve competitiveness and to continue to invest in digital, IT, marketing and sales to enhance top-line growth.

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The www.sodexo.com in both the "Latest News" section and the "Finance - Financial Results" section.

Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 100 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from food services, reception, maintenance and cleaning, to facilities and equipment management; from services and programs fostering employees' engagement to solutions that simplify and optimize their mobility and expenses management, to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business model and its ability to continuously develop and engage its 427,000 employees throughout the world.

Sodexo is included in the CAC 40 and DJSI indices.

Change excluding currency effect calculated converting Fiscal 2018 figures at Fiscal 2017 rates, except for countries with hyperinflationary economies.

Operating profit divided by Revenues

Margin calculated converting Fiscal 2018 figures at Fiscal 2017 rates, except for countries with hyperinflationary economies.

Organic growth corresponds to the increase in revenue for a given period (the "current period") compared to the revenue reported for the same period of the prior fiscal year, calculated using the exchange rate for the prior fiscal year; and excluding the impact of business acquisitions (or gain of control) and divestments, as follows:

For countries with hyperinflationary economies all figures are converted at the latest closing rate for both periods.