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2021-10-27

Sodexo Fiscal 2021 Results: Solid pick-up in activity and better than expected performance

  • Revenue trend improved quarter by quarter, +18.1% in H2
  • H2 UOP margin +20bps versus guidance at constant rates
  • Exceptional cash conversion, net debt ratio at 1.7 back in target range of 1-2
  • Dividend €2: €1.20 as per the dividend policy, plus a very exceptional €0.80 linked to the disposal program
  • 2022 Guidance:

    • Organic revenue growth of +15% to +18%
    • Underlying operating profit margin close to 5%, at constant rates

Issy-les-Moulineaux, October 27, 2021 - Sodexo (NYSE Euronext Paris FR 0000121220-OTC: SDXAY). At the Board of Directors meeting held on October 26, 2021 and chaired by Sophie Bellon, the Board closed the Consolidated and Company accounts for the fiscal year ended August 31, 2021.

Financial performance for Fiscal 2021

(in millions of euro) AUGUST 31, 2021 AUGUST 31, 2020 DIFFERENCE DIFFERENCE CONSTANT RATES
Revenue 17,428  19,321 -9.8%  -5.8% 
UNDERLYING OPERATING PROFIT 578  569 +1.6 +12.4
UNDERLYING OPERATING PROFIT MARGIN 3.3%  2.9% + 40 bps + 60 bps
Other operating expenses (239) (503)    
OPERATING PROFIT 339  65 +417.8%  +485.9% 
Net financial expense (106) (291)    
Tax charge (101) (98)    
GROUP NET PROFIT 139  (315)    
EPS (in euro) 0.95  (2.16)    
UNDERLYING NET PROFIT 346  306 +13.1%  +30.5% 
UNDERLYING EPS (in euro) 2.37  2.10 +13.0%   
Dividend per share (in euro) 2.001
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