Sodexo: strong financial delivery in Fiscal 2024
SODEXO S/ADR (SDXAY)
NASDAQ:AMEX Investor Relations:
sodexo.com/home/finance.html
Company Research
Source: GlobeNewswire
Issy-les-Moulineaux, October 24, 2024 Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY) Sodexo: strong financial delivery in Fiscal 2024 Organic revenue growth +7.9% Underlying operating profit +16% at constant currencies, margin up +40 bps at 4.7% Strong free cashflow resulting in a net debt/EBITDA ratio of 1.7x A proposed ordinary dividend of 2.65 euros, up 17.8%, in line with the Group dividend policy of 50% of Underlying net income Fiscal 2025 guidance: Organic growth expected between +5.5% and +6.5% (underlying trend1 between +6% and +7%)Underlying operating profit margin improvement expected between +30 to +40 bps, at constant currencies At the Board of Directors meeting held on October 23, 2024, chaired by Sophie Bellon, the Board closed the Sodexo Consolidated accounts for Fiscal 2024 ended August 31, 2024. Fiscal 2024 key figures and highlights (in million euros)FISCAL 2024FISCAL 2023 DIFFERENCEDIFFERENCECONSTANT RATESRevenues23,79822,637+5.1%+7.0%O
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