- To join the virtual meeting on line (in English): click here
- To join in an interactive way and to participate in the Q&A sessions, please dial:
United Kingdom : +44 (0) 2071 928 338France : +33 (0)1 70 70 07 81United States : + 1 646 741 3167
Access Code: 60 49 407
- In a period where visibility is particularly reduced, this virtual Investor Day will provide insight into how the Group adapted to the crisis and some of the most significant trends expected as we come out of the pandemic.
- Hosted by
Denis Machuel , CEO and his management team,Sodexo will highlight and reaffirm the resilience and pertinence of its business model today and in the future, the progress made in the last two years and how, in a more complex operating environment, the Group is well positioned to leverage future opportunities. - To remain agile and protect profitability going forward,
Sodexo is implementing its Group Effectiveness and Transformation program (GET). This program aims to further adjust on-site labor costs as government employment measures progressively fall away and also to sustainably reduce its SG&A through the simplification of structures. The program started in the second half of Fiscal 2020 and will be completed by the end of Fiscal 2021. The total cost is estimated at350 million euro , of which158 million euro was accounted for in Fiscal 2020. This program will achieve cumulated annual savings of350 million euro by Fiscal 2022, of which half in recurrent SG&A reduction, and half in on-site cost avoidance - For the future,
Sodexo is confident in its capacity to adapt to the new environment and in particular to the Work From Home trend. The estimated impact on Corporate Services total revenues is limited to less than 10% in the mid-term.
Sodexo is well positioned to leverage new opportunities through a combination of:
- More outsourcing.
- New food offers including even more sustainable food with new operating and commercial models and the complementarity of the Benefits & Rewards services, all powered by augmented digitization and guided by consumer insights.
- More Facilities Management services by proposing agile workspace management solutions, and additional integration of services supported by new technologies for enhanced efficiency.
Commenting on this meeting,
“Today, we are engaged in a profound transformation to prepare for the future, towards a digitized, client-centric, focused, disciplined, agile organization. With its global footprint,
We have a cash generative business model by design. We have a talented and diverse team. And we have client traction with real solutions to offer them.
Today, despite the current crisis,
The presentation will be available on the Group website www.sodexo.com in the "Finance" section. This event will be recorded and made available online as soon as possible.
About
Founded in
NYSE Euronext Paris FR 0000121220-OTC: SDXAY
Key figures 19.3 billion euro in Fiscal 2020 consolidated revenues 420,000 employees as at N°1 64 countries 100 million consumers served daily 8.1 billion euro in market capitalization (as at |
Contacts
Analysts and Investors | Press |
Tel: +33 6 26 71 04 09 virginia.jeanson@sodexo.com | Mathieu Scaravetti Tel: +33 6 28 62 21 91 mathieu.scaravetti@sodexo.com |
Attachment
- PR - Sodexo Investor Day -
November 2 2020 - V ENG (1)
Source:
2020 GlobeNewswire, Inc., source