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
September 5, 2003
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: September 5, 2003
EX-99.1
Press Release
Exhibit 99.1
Press Release
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.
Group Net Income
comparable to that of prior fiscal year,
excluding exchange rate differences
Sodexho Alliance (Codes: EURONEXT: EXHO.PA / NYSE: SDX)
Paris, September 5, 2003 - Following a review of operating performance at a
Group Executive Committee meeting, Pierre Bellon stated: "Our EBITA margin for
fiscal 2002-2003 should approximate 4.4% as compared to 4.2% for the prior
fiscal year.
In North America and Continental Europe, the EBITA margin has continued
to improve.
Our estimate for net income has been determined using actual exchange
rates, which will have a negative impact of around 14% as compared to
fiscal 2001-2002 net income.
Based on our current information, at current exchange rates, Group net
income for fiscal 2002-2003, will be around 160 million euro. Excluding
exchange rate differences, Group net income will be comparable to that
of the prior fiscal year."
The improvement in profitability of our UK subsidiary will take longer
than planned. We estimate that EBITA margin in the United Kingdom will
be slightly less than 2% as compared to the 0.8% for fiscal year
2001-2002. Given the measures already in place, we think that in three
years, the profitability of the subsidiary will be restored, and it will
attain the same margin level as the rest of the Group.
In addition, some significant contracts are in the final phase of
negotiations and a better American economic situation, which augur well
for fiscal 2003-2004. Our objectives will be discussed with the Board of
Directors and will be communicated in early October.
Sodexho has a very strong worldwide network and a leading position in all
its activities; so the Executive Committee confirms its strategy based on
organic growth and its commitment to its financial model, which permits
Sodexho, without increasing capital, to finance development, to reimburse
borrowings and to pay regular dividends to its shareholders.
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 3.3 billion euro. The Sodexho Alliance share has been listed since
April 3, 2002, on the New York Stock Exchange.
Press Relations : Jerome Chambin
Tel: + 33 (1) 30 85 74 18 Fax: + 33 (1) 30 85 52 32
E-mail: Jerome.Chambin@sodexhoalliance.com
Investor Relations : Jean-Jacques Vironda
Tel: + 33 (1) 30 85 29 39 Fax: + 33 (1) 30 85 51 81
E-mail: Jean-Jacques.Vironda@sodexhoalliance.com