Paris, France – Sodexo S.A. recently held its Sales Call Transcript for the third quarter of Fiscal 2024. The company’s Chief Financial Officer, Sebastien de Tramasure, presented the financial results, showcasing an increase in revenues of EUR6.1 billion, up by 5.6% compared to the previous year. The presentation highlighted a stable currency effect and organic growth at 6.8%.

During the conference call, various financial analysts from Bank of America, Barclays, Kepler, Citi, BNP Paribas, and other institutions participated, showing interest in Sodexo’s performance. The company’s focus on strategic accounts, such as Sodexo Live! and campus contracts in North America, contributed to the positive momentum in revenues. In Europe, new partnerships and innovative initiatives in the education and healthcare sectors drove organic growth.

Sodexo’s strategic acquisitions in convenience solutions in North America and food services in China demonstrated the company’s commitment to expanding its market presence. The CFO emphasized the importance of technology in increasing consumer spending, particularly in sports stadiums, through digital solutions like Amazon Go retail stores.

Moreover, discussions during the call revealed Sodexo’s confidence in meeting its guidance for organic revenue growth at the top end of the 6% to 8% range and an improvement in operating margin by 30 to 40 basis points. The company expressed optimism about the commercial momentum in various segments, despite challenges in pricing and volume growth in certain regions.

Analysts inquired about the impact of a significant FM contract loss on retention rates, M&A strategies focusing on vending solutions in North America, and the overall outlook for future growth. Sodexo remained positive about achieving its targets, reaffirming its commitment to enhancing customer experience and driving sustainable business practices.

As the call concluded, participants expressed interest in Sodexo’s upcoming fiscal year 2024 results announcement scheduled for October 24. The company’s dedication to innovation, strategic partnerships, and customer-centric solutions position it for continued growth and success in the global market. The insights shared during the call provided valuable information for investors and industry observers alike.