Sodexo's turnover grows 20.2% in its first quarter, to exceed 6,330 million

MADRID, 6 Ene.

Sodexo's turnover grows 20.2% in its first quarter, to exceed 6,330 million

MADRID, 6 Ene. (EUROPA PRESS) -

The French quality of life services firm Sodexo invoiced 6,630 million euros in the first quarter of its fiscal year, which ended in November, which is equivalent to an increase of 20.2% compared to the same period of the previous year when it invoiced 5,264 million euros, as reported by the company this Friday.

The organic growth of turnover was 12.3%, while by business segments, the division of services to companies and administrations grew by 19.2%, up to 3,288 million euros, while the area of ​​health services billed 1,468 million euros, 0.3% more. Services provided to educational entities increased by 8.8%, up to 1,341 million euros.

Sodexo CEO Sophie Bellon highlighted that on-site services have continued to benefit from the post-Covid rebound, with higher levels of assistance in all geographies, in the workplace, in stadiums, in centers conventions and universities.

Likewise, it has highlighted that the increase in prices also boosted the growth of income, favoring the turnover to exceed that achieved in the first quarter of 2019.

Looking to the end of fiscal year 2023, Sodexo expects the post-pandemic acceleration to gradually slow down and growth to be higher in the first half than in the second. The company expects organic growth for the year to be between 8% and 10%.

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