Paris, France – Sodexo S.A. held its Q2 2024 Results Conference Call on April 19, 2024, at 3:45 PM ET. The call featured key executives including Virginia Jeanson, Sophie Bellon, and Marc Rolland. Investor Relations representative, Virginia Jeanson, started off the call with a warm welcome to discuss the first half fiscal 2024 results.

Sophie Bellon, CEO of Sodexo, expressed pride in the successful spin-off and listing of Pluxee in February. She highlighted the company’s focus on food and facility management and the exciting growth opportunities in the market. Bellon shared about the company’s solid performance in H1, with progress in net new wins and strategic developments, such as the deployment of Modern Recipe in multiple countries.

The company reported organic revenue growth of 8.5% in the first half, with a strong increase in branded food volumes and successful strategy execution. Operating margin improved by 40 basis points, indicating positive growth prospects for fiscal year ’24. Sodexo also achieved a record-high client retention rate and made steady progress in net new signings.

The executives further discussed significant contracts won by Sodexo, highlighting their partnerships with clients like American Airlines, Clariane, and The Heineken Company in Brazil. These contracts demonstrate the company’s commitment to providing innovative and sustainable food services to diverse industries.

Additionally, Sodexo’s recognition as one of the World’s Most Ethical Companies and its focus on environmental initiatives were key highlights of the conference call. The company’s efforts to reduce carbon footprint, promote low-carbon recipes, and implement responsible procurement practices have been well-received by clients and industry experts.

The call also addressed financial aspects such as operating margin guidance, tax rates, and cost management strategies. The executives provided insights into the company’s future plans for margin improvement, retention targets, and growth initiatives in the global market.

In conclusion, Sodexo’s Q2 2024 Results Conference Call highlighted the company’s strong performance, strategic partnerships, and commitment to sustainability. The executives’ insights and financial outlook provide a comprehensive overview of Sodexo’s position in the industry and its plans for continued growth and success.