Sodexo invites investors and analysts to a virtual Investor Day on November 2, 2020 at 2pm CET.
November 02 2020 - 1:00AM
Sodexo invites investors and analysts to a virtual Investor
Day on November 2, 2020 at 2pm CET.
Paris, November 2, 2020
Sodexo invites investors and analysts to
a virtual Investor Day on November 2, 2020 at
2pm CET.
-
- To join the virtual meeting on line (in
English): click here
- To join in an interactive way and to participate in the
Q&A sessions, please dial:
- United Kingdom: +44 (0) 2071 928 338
- France: +33 (0)1 70 70 07 81
- United States: + 1 646 741 3167
Access Code: 60 49 407
- In a period where visibility is particularly reduced, this
virtual Investor Day will provide insight into how the Group
adapted to the crisis and some of the most significant trends
expected as we come out of the pandemic.
- Hosted by Denis Machuel, CEO and his management team, Sodexo
will highlight and reaffirm the resilience and pertinence of its
business model today and in the future, the progress made in the
last two years and how, in a more complex operating environment,
the Group is well positioned to leverage future opportunities.
- To remain agile and protect profitability going forward, Sodexo
is implementing its Group Effectiveness and Transformation program
(GET). This program aims to further adjust on-site labor costs as
government employment measures progressively fall away and also to
sustainably reduce its SG&A through the simplification of
structures. The program started in the second half of Fiscal 2020
and will be completed by the end of Fiscal 2021. The total cost is
estimated at 350 million euro, of which 158 million euro was
accounted for in Fiscal 2020. This program will achieve cumulated
annual savings of 350 million euro by Fiscal 2022, of which half in
recurrent SG&A reduction, and half in on-site cost
avoidance
- For the future, Sodexo is confident in its capacity to adapt to
the new environment and in particular to the Work From Home trend.
The estimated impact on Corporate Services total revenues is
limited to less than 10% in the mid-term.
- Sodexo is well positioned to leverage new opportunities through
a combination of:
-
More outsourcing.
-
New food offers including even more sustainable food with new
operating and commercial models and the complementarity of the
Benefits & Rewards services, all powered by augmented
digitization and guided by consumer insights.
-
More Facilities Management services by proposing agile workspace
management solutions, and additional integration of services
supported by new technologies for enhanced efficiency.
Commenting on this meeting,
Sodexo CEO Denis Machuel said:
“Today, we are engaged
in a profound transformation to prepare for the future, towards a
digitized, client-centric, focused, disciplined, agile
organization. With its global footprint, Sodexo is a
constellation of caring, smart and skilled people bringing quality
of life to clients and places across society.
We have a cash
generative business model by design. We have a talented and diverse
team. And we have client traction with real solutions to offer
them.
Today, despite the
current crisis, Sodexo is building on its promise. The team and I
are creating a collective momentum and a clear path to greater
shareholder and stakeholder value.”
The presentation will be available on the Group
website www.sodexo.com in the "Finance" section. This event will be
recorded and made available online as soon as possible.
About Sodexo
Founded in Marseille in 1966 by
Pierre Bellon, Sodexo is the global leader in services that
improve Quality of Life, an essential factor in individual and
organizational performance. Operating in 64 countries, Sodexo
serves 100 million consumers each day through its unique
combination of On-site Services, Benefits & Rewards Services
and Personal & Home Services. Sodexo provides clients an
integrated offering developed over more than 50 years of
experience: from foodservices, reception, maintenance and cleaning,
to facilities and equipment management; from services and programs
fostering employees’ engagement to solutions that simplify and
optimize their mobility and expenses management, to in-home
assistance, child care centers and concierge services. Sodexo’s
success and performance are founded on its independence, its
sustainable business model and its ability to continuously develop
and engage its 420,000 employees throughout the world.
Sodexo is included in the CAC Next 20, ESG 80,
FTSE 4 Good and DJSI indices.
NYSE Euronext Paris FR 0000121220-OTC: SDXAY
Key figures 19.3 billion euro in
Fiscal 2020 consolidated revenues 420,000
employees as at August 31, 2020 N°1 France-based
private employer worldwide 64 countries
100 million consumers served daily 8.1
billion euro in market capitalization (as at October 30,
2020) |
Contacts
Analysts and
Investors |
Press |
Virginia JeansonTel: +33 6 26 71 04
09virginia.jeanson@sodexo.com |
Mathieu ScaravettiTel: +33 6 28 62 21
91mathieu.scaravetti@sodexo.com |
- PR - Sodexo Investor Day - November 2 2020 - V ENG (1)
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