FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SODEXHO ALLIANCE SA
CENTRAL INDEX KEY: 0001169715
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT SERVICES [8741]
IRS NUMBER: 000000000
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 6-K
SEC ACT: 1934 Act SEC
FILE NUMBER:
FILM NUMBER:
BUSINESS ADDRESS:
STREET 1: 3 AVENUE NEWTON
STREET 2: 78180 MONTIGNY-LE-BRETONNEUX
CITY: FRANCE
STATE:
ZIP: 00000
BUSINESS PHONE: 0113313085
6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
January 8, 2002
SODEXHO ALLIANCE SA
3, avenue Newton
78180 Montigny-le-Bretonneux
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
Contents: Press Release
EXHIBIT LIST
Exhibit Description
99.1 Press Release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
SODEXHO ALLIANCE SA
By: /s/ Sian Herbert-Jones
-------------------------------
Name: Sian Herbert-Jones
Title: Chief Financial Officer
Date: January 8, 2003
EX-99.1
PRESS RELEASE
Exhibit 99.1
Organic Growth Resumes
Code EURONEXT : EXHO.PA / Code NYSE : SDX
This press release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995. These
include, but are not limited to, statements regarding anticipated future
events and financial performance with respect to our operations.
Forward-looking statements can be identified by the fact that they do not
relate strictly to historical or current facts. They often include words like
"believe," "expect," "anticipate," "estimated" , "project " , "plan" "pro
forma," and "intend" or future or conditional verbs such as "will,"
"would," or "may." Factors that could cause actual results to differ
materially from expected results include, but are not limited to, those set
forth in our Registration Statement on Form 20-F, as filed with the Securities
and Exchange Commission (SEC), the competitive environment in which we operate,
changes in general economic conditions and changes in the French, American
and/or global financial and/or capital markets. Forward-looking statements
represent management's views as of the date they are made, and we assume no
obligation to update any forward-looking statements for actual events
occurring after that date. You are cautioned not to place undue reliance on our
forward-looking statements.
Paris, France - January 8, 2003 - Sodexho Alliance's consolidated revenues
for the first quarter of fiscal 2002/2003, which ended November 30, 2002,
totaled EUR 3.3 billion. Compared to the same period of the previous fiscal
year, changes in revenues are as follows :
Organic growth : +3.1 %
Acquisitions : -0.4 %
Currency effect : -5.5 %
Despite improved organic growth of 3.1 %, the euro's gains over other
currencies, principally the US dollar, resulted in a decline in reported
revenues of 2.8 % for the first quarter.
In the continuing difficult global economic environment, the organic
increase in first-quarter revenues was in line with our objective of 5 to 6%
organic growth for the full fiscal year 2002/2003. We should therefore
gradually return to the rate of organic revenue growth enjoyed in earlier years.
=============================================================================================
Business Revenues Organic growth
(in EUR millions)
=============================================================================================
Food and Management Services 3,049 2.9%
North America 1,616 4.0%
Continental Europe 919 3.4%
United Kingdom and Ireland 389 - 2.5%
Rest of the World 125 3.3%
=============================================================================================
Remote Sites 139 - 1.2%
=============================================================================================
Service Vouchers and Cards 63 16.7%
=============================================================================================
River and Harbor Cruises 20 18.8%
=============================================================================================
TOTAL 3,271 3.1%
=============================================================================================
- Food and Management Services
- In North America, revenues in the Business, Industry and Defense
segment gained 3.4%, led by the start-up of contracts with the US Marine
Corps on October 1, 2002. Excluding Defense, the signing of a large
number of other contracts slowed the previous year's sharp 8% decline and
should enable us to meet the objective of revenue growth for the full
fiscal year. The Education segment reported 5% growth, reflecting
the commitment of our teams to increasing on-site sales by
implementing effective merchandising offers and continuing to develop and
deliver multi-service solutions.
- Organic sales growth was 3.4% in Continental Europe. Despite slower
business in the Netherlands and Italy, the Business, Industry and
Defense segment advanced 3.1%. In Sweden, for example, faster organic
growth was driven by the development of multi-service contracts in the
Defense segment. Healthcare revenues increased 5.8%, with strong gains in
France.
- In the United Kingdom and Ireland, where our priority is to restore
profitability, revenues declined 2.5% excluding changes in consolidation
scope and exchange rates. Favorable development in the Education segment
was not sufficient to offset lower sales in Business & Industry,
reflecting a decline in customers on certain sites and our policy of
renegotiating insufficiently profitable contracts which has led in some
cases to terminations.
- Remote Sites revenues decreased an organic 1.2% during the period,
with a pronounced slowdown in drilling in the Gulf of Mexico offset by a
strong performance in the North Sea.
- In Service Vouchers and Cards, organic growth continued at a sharp
pace of 16.7%, led by the development, notably among existing clients,
of new services such as Gift Pass, Training Pass, Grocery Pass and
Restaurant Pass. Issue volume rose to EUR 1.2 billion during the quarter.
About Sodexho Alliance
Founded in Marseille in 1966 by Chairman and Chief Executive Officer Pierre
Bellon, Sodexho Alliance is the world's leading provider of food and
management services. With more than 315,000 employees on 24,700 sites in
74 countries, Sodexho Alliance reported consolidated sales of 12.6 billion
euros for the fiscal year that ended on August 31, 2002. The Sodexho Alliance
share has been listed since 1983 on the Euronext Paris Bourse, where its market
value totals 3.6 billion euros. The Sodexho Alliance share has been listed
since April 3, 2002, on the New York Stock Exchange.
Media Relations: Jerome Chambin
Tel: +33 130 85 74 18
Fax: +33 130 85 52 32
E-mail: jerome.chambin@sodexhoalliance.com
Investor Relations: Jean-Jacques Vironda
Tel: +33 130 85 29 39
Fax +33 130 85 51 81
E-mail: jeanjacques.vironda@sodexhoalliance.com