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 5, 2005
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 2004-2005 First Quarter revenues
EXHIBIT LIST
Exhibit Description
99.1 Fiscal 2004-2005 First Quarter 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: January 5, 2005
EX-99.1
Fiscal 2004-2005 First Quarter 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.
Revenues for the First Quarter of Fiscal 2004-2005
Paris, January 5, 2005.
Sodexho Alliance's (Euronext: EXHO.PA/NYSE: SDX) consolidated revenues for the
first quarter of fiscal 2004-2005 totaled 3.1 billion euro.
For the first quarter of 2004-2005 :
- Organic growth in revenues, at a constant consolidation scope and excluding
exchange rate effects, was 2.8%.
- Excluding the hospitality contract for the 2003 Rugby World Cup, organic
growth was 4.4%, in line with our fiscal year growth objective of approximately
4%.
- Including consolidation and exchange rates, the total change in revenues from
the first quarter of 2003-2004 was a negative 1.6%.
Revenues by Activity
Activity Organic Change in Acquisitions, net Total
In millions of euro 2003-2004 2004-2005 Growth(1) exchange rates Change
Food and Management 3,075 3,024 2.7 % -4.2 % -0.2% -1.7 %
Services :
o North America 1,466 1,403 3.6 % -7.9 % - -4.3 %
o Continental Europe 975 1,019 4.2 % -0.1 % 0.4 % 4.5 %
o United Kingdom and
Ireland 330 324 - 2.2 % 0.5 % - -1.7 %
o Rest of the World 304 278 - 1.3 %(2) -4.5 % -2.9 % -8.7 %
Service Vouchers and Cards 60 61 8.7 % -5.3 % -1.0 % 2.4 %
--------- --------- ----------- --------- ---------- ---------
TOTAL 3,135 3,085 2.8 %(3) -4.2 % -0.2 % -1.6 %
========= ========= =========== ========= ========== ==========
(1) At a constant consolidation scope and excluding exchange rate effects
(2) 18% excluding the effect of the November 2003 Rugby World Cup
(3) 4.4% excluding the effect of the November 2003 Rugby World Cup
Food and Management Services :
In Food and Management Services, organic growth in revenues amounted to 2.7% for
the first quarter of 2004-2005, including 0.6% in Business and Industry, 4.7% in
Education and 4.4% in Healthcare.
North America
Organic growth in revenues amounted to 3.6%, including 4.7% for the Education
segment and 6.2% for the Healthcare segment. Business and Industry (including
Defense) declined by 1.2%.
Business and Industry revenues declined by 0.5% since the segment continues to
be negatively affected by unsatisfactory client retention rates, notably as a
result of site closings during the prior fiscal year. During recent months new
clients who have chosen us include General Electric in multiple states, Johnson
Space Center (NASA) in Texas and the California Department of Motor Vehicles.
In the Defense segment intensified troop deployments to the Middle East and
delays in discussions concerning certain adjustments in connection with the US
Marine Corps contract have resulted in a decline in revenues of 7.7%.
In the Education segment strong client retention, increases in revenues on
existing sites as well as strong new sales signed at the end of the prior fiscal
year including Emory University and South Carolina State University translated
into good growth.
In the Healthcare segment excellent client retention, together with an increase
in revenues on existing sites contributed to an acceleration of organic growth.
In addition, dynamic new sales in the last few months confirm this trend with
the signing of contracts such as the University of Alabama Hospital and Mariner
Healthcare. We are also pleased to announce the recent signing of one of the
most significant food service contracts in healthcare in the United States
covering eleven hospitals and four long term care facilities with the New York
City Health and Hospital Corporation, valued at an estimated 340 million dollars
in revenues over ten years.
Continental Europe
Organic revenue growth amounted to 4.2%, including 4.4% in the Business and
Industry segment, 5.8% in Education, and 2.1% in Healthcare.
The Business and Industry segment experienced solid growth, notably in France,
Spain, Finland and Germany, due to the ramp up of food and multiservice
contracts signed during the prior fiscal year. In this segment, a difficult
economic environment persists in Scandanavia and the Netherlands. Recent
commercial successes include T-mobile in the Netherlands, T-online in Germany,
Natexis Banque Populaire in France and Isdemir, the Turkish leader in the steel
industry, as well as Toyota in Turkey.
The schools segment benefited from the start up of contracts during the prior
fiscal year with the cities of Frankfurt and Budapest. New clients who have
joined us include the schools of Linkoping in Sweden, Milan, Albeda college in
the Netherlands and Ted college in Ankara.
In Healthcare, modest organic growth in revenues reflects our selectivity in
choosing clients. Recent developments since the beginning of the fiscal year
include the start up of the Military Hospital in Warsaw, the January 2005
opening of the University Hospital Center in Rennes and beginning in March 2005,
Public Hospitals in Paris.
United Kingdom and Ireland
On a constant exchange rate basis, revenues declined by 2.2%, due to the
particularly weak prior year client retention rate in the Business and Industry
segment. The extension of additional services following the signing of a thirty
five year contract under the Private Finance Initiative for the Colchester
Garrison contributed to good growth in the Defense segment.
Recovery initiatives continue. For example, Sodexho teams in the United Kingdom
and France collaborated to sign hospitality and travel package contracts for the
next Rugby World Cup in 2007. Revenues for this contract are estimated to be
approximately 140 million euros.
Rest of the World
Latin America, Asia/Australia and the Remote Sites activity all participated in
strong growth in organic revenues of 18%, excluding the impact of the November
2003 Rugby World Cup in Australia. Among our recent commercial successes are :
Exxon Mobil in Venezuela, Abril and Petrobras in Brazil, Bechtel in Remote Sites
in Romania, Pride International in Angola and various drilling companies in the
Gulf of Mexico. In Continental China, multiservice sales remain strong with the
signature of contracts including Guangzhou Mak Diesel Engine and Shanghai
Container Terminal.
Service Vouchers and Cards :
The Service Vouchers and Cards activity reported organic growth of 8.7%. The
reasons for this growth are:
- Good sales in traditional services notably in Latin America, central Europe
and in Asia, with new clients such as Bechtel, Siemens and HSBC;
- Cross-selling of additional services such as gift vouchers to current clients
including Melitta and Chevron in Brazil, La Poste in Belgium and ABN-AMRO in
India; and
- The creation of new services such as the launch in October 2004 of Surf@home
by Sodexho, a joint venture with Belgacom.
Finally, we express our deepest sympathies to all the families touched by the
tsunami. As of today, none of the Group's employees has been lost. As we have a
strong presence in Southeast Asia, all of our teams are lending their support
and their aid to the victims, to the refugees, and to those who are working
tirelessly in the rescue effort.
In Phuket, where we manage the Bangkok Phuket hospital, we are implementing a
number of initiatives:
o meals for employees, rescuers and injured victims at the hospital;
o supplying food to the local Red Cross and recruitment of additional personnel
to aid them in receiving and distributing the aid coming from other countries;
o collecting clothing and essential items from all other countries in Asia where
Sodexho is present.
We would like to take this opportunity to thank all of the teams in the area who
are working around the clock and to all of those who have expressed their
support.
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 313,000 employees on 24,900 sites in 76 countries,
Sodexho Alliance reported consolidated sales of 11.5 billion euros for the
fiscal year that ended on August 31, 2004. 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.
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 72 03 - Fax : + 33 (1) 30 85 50 88
E-mail : jeanjacques.vironda@sodexhoalliance.com