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
July 8, 2004
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: Fiscal 2002-2003 Nine Month Revenues
EXHIBIT LIST
Exhibit Description
99.1 Fiscal 2002-2003 Nine Month Revenues
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: July 8, 2004
EX-99.1
Fiscal 2002-2003 Nine Month Revenues
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.
Good Growth in Revenues for the First Nine Months
of Fiscal 2003-2004
Paris - July 7, 2004 - (Euronext: EXHO.PA / NYSE:SDX) - Sodexho Alliance's
consolidated revenues for the first nine months of fiscal 2003-2004 reached 8.9
billion euro. Organic growth, at a constant consolidation scope and excluding
currency effects, accelerated to 4.5%.
Currency effects were a negative 7%, resulting in a 2.4% decrease in revenues as
compared to the same period in the prior year.
Revenues by Activity
Activities Nine months Nine months Organic Currency Acquisitions Total
In millions of euro ended May 31, ended May 31, growth* effects % change
2003 2004
Food and Management Services : 8,881 8,661 4.4% -7.0% 0.1% -2.5%
o North America 4,319 3,971 4.4% -12.5% - -8.1%
o Continental Europe 2,747 2,882 4.7% -0.1% 0.3% 4.9%
o United Kingdom and
Ireland 1,091 989 - 6.0% -3.3% - -9.3%
o Rest of the World
(including Remote Sites) 724 819 18.8% -5.7% 0.1% 13.2%
Service Vouchers and Cards 186 190 7.7% -5.2% - 2.5%
--------- -------- -------- --------- ---------- ----------
TOTAL 9,067 8,851 4.5% -7.0% 0.1% -2.4%
========= ======== ======== ========= ========== ==========
*at a constant consolidation scope and excluding currency effects
Food and Management Services:
In Food and Management Services, organic growth in revenues rose to 3.7% in
Business and Industry, 7.0% in Education and 3.0% in Healthcare.
North America
Organic growth in revenues of 4.4% included 6.4% for Education, 4.1% for
Healthcare, 32% for Defense and a decline of 0.4% for the Business and Industry.
In the Business and Industry segment, revenues for existing sites showed some
improvement as a result of innovative marketing. Furthermore, new clients have
chosen us such as Marathon Oil, the U.S. Patent and Trademark Office, and
Capital One. However, our clients are carefully monitoring their costs which
continues to result in delocalisations and site closings.
The Education segment grew by a strong 6.4% due to good sales growth for
existing sites and the opening of contracts, notably with the public school
systems in Atlanta and St. Louis. In addition, we enjoyed new sales such as
Emory University in Georgia, Tuskegee University in Alabama, and the public
school system in Lincoln, Oregon.
In Healthcare, where Sodexho is the uncontested leader, organic growth in
revenues was 4.1%. Among our new contracts are the food services for the Delray
Medical Center in Florida and Three Rivers Hospital in Missouri, and
multi-services for the University of Virginia Health System, Hemet Valley in
California, and Wadley Regional Medical Center in Texas.
Continental Europe
Organic growth in revenues was 4.7%, including 4.4% in Business and Industry,
7.7% in Education, and 3% in Healthcare.
In Business and Industry, in an overall economic climate which remains
difficult, notably in Northern Europe, the opening of contracts such as Alcatel
Space in France, Wal-Mart in Germany, Banco Santander in Spain and Nokia in
Finland, contributed to the growth of 4.4%.
Recent commercial successes include La Redoute in France, the Barcelona Cultural
Forum in Spain, 30 sites for La Poste in Belgium, and AXA and the August 2005
World Youth Days in Germany.
Growth in the Education segment reached 7.7%, illustrating the strong sales
drive of our teams, notably in France, Italy and the Central European countries.
We are becoming increasingly selective in choosing our clients. As a result,
revenues in the Healthcare segment grew by 3.0%. Development continued with, for
example, the signing of 11 healthcare contracts in France and the award of a
multi-service contract for all of the schools and senior residences in the city
of Gavle, Sweden.
United Kingdom and Ireland
Revenues decreased by 6%, excluding currency effects. The top priority remains
the return of the subsidiary to profitability; however, during the last three
months, we signed new contracts such as HBOS plc (18 sites), one of the large
British banks, Gillette, the Aintree and Haydock Park race tracks, and two
significant new healthcare contracts, the Roehampton and Stoke Mandeville
hospitals. The full effect of the latter two long-term contracts (annual
revenues of 14 million euros) will be felt once the construction is completed in
approximately two years.
Rest of the World
Organic growth achieved 18.8%. In Latin America growth accelerated with
successes such as Cosan in Brazil and Itata Cellulosa Arauco in Chili. In Asia,
development continued with the signing of contracts including the International
Schools of Hong Kong and Singapore, Seagate in China and the Samitivej Hospital
in Bangkok. In the Remote Site activity, a contract in the North Sea
representing revenues of 30 million euro over three years was signed with the
Maersk Group.
Service Vouchers and Cards:
Organic growth in revenues accelerated in recent months and reached 7.7%. New
clients include, notably, La Poste in France and Carlsberg in Bulgaria.
For fiscal year 2003-2004, organic growth in revenues will exceed the minimum
objectives announced at the beginning of the year. Management currently
estimates that organic growth will be closer to 4%.
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 308,000 employees on 23,900 sites in 76 countries, Sodexho
Alliance reported consolidated sales of 11.7 billion euros for the fiscal year
that ended on August 31, 2003. 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.
Investor Relations : Jean-Jacques Vironda
Tel : + 33 (1) 30 85 72 03
Fax : + 33 (1) 30 85 51 81
E-mail : jeanjacques.vironda@sodexhoalliance.com
Press Relations : Jerome Chambin
Tel : + 33 (1) 30 85 74 18
Fax : + 33 (1) 30 85 52 32
E-mail : jerome.chambin @sodexhoalliance.com