Sodexo Reports Modest Start to Fiscal 2025 with Q1 Revenue Increase

Sodexo reported a 1.9% increase in revenue for the first quarter of Fiscal 2025, reaching 6.4 billion euros. Organic growth stood at 4.6%, slightly lower when compared to the previous year's performance due to the Rugby World Cup's influence. While food services grew by 5.7%, FM services lagged at 2.4%, affected by reduced activity in Europe.

North American revenues increased to 3.1 billion euros, driven by Sodexo Live! with a 24.8% rise. However, education faced challenges due to lower volumes. Europe posted a modest 2.0% organic growth with declines in the Netherlands and Germany. Strong performances in India, Brazil, and Australia contributed to a 6.4% organic growth in the Rest of the World.

Sodexo continues to pursue sustainable initiatives and improved offerings, despite facing currency and volume challenges. Market expectations remain stable, predicting growth acceleration in the second half of the year.