FORM
6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report
of
Foreign Issuer
Pursuant
to
Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
of the Securities Exchange Act of 1934
For the month
of
April, 2007
Commission File
Number: 001-31274
SODEXHO
ALLIANCE, SA
(Translation of registrant’s name into English)
(Translation of registrant’s name into English)
3, avenue
Newton
78180 Montigny - le - Bretonneux
France
(Address of principal executive offices)
78180 Montigny - le - Bretonneux
France
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F
X
Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes ____
No
X
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes ____
No
X
Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes ____
No
X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
|
SODEXHO
ALLIANCE, SA
|
|
TABLE
OF
CONTENTS
|
Item
|
1.
|
|
Sodexho
announces an increase in organic growth for first-half Fiscal 2007:
+8.2%.
Total revenues up 4.2%.
|
Item
1
Growth of 7.1 % in Healthcare and Seniors reflects the extensive service offerings and high level of prior year sales. Among recent contract wins are the University Hospital of Gand in Belgium and Fourvières Hospital in France.
Sodexho
announces an increase in organic growth
for
first-half Fiscal 2007 : + 8.2 %
Total
revenues up 4.2%
|
·
|
Continued development in Food and Facilities Management services in all geographies: +7.9% | |
|
·
|
Remarkable
growth for Service Vouchers and
Cards: +20.5%
|
|
|
·
|
Organic Growth objective for Fiscal 2007 revised upward: above 7% | |
(Paris,
April 4,
2007) — SODEXHO ALLIANCE (Euronext Paris FR0000121220 - SW / NYSE:SDX), the
leading global provider of Food and Facilities Management services, today
announced consolidated revenues for first-half Fiscal 2007, ended February
28,
2007.
Revenue
by
activity
|
In
millions of
euro
|
First
Half
Fiscal 2006 |
First
Half
Fiscal 2007 |
Organic
growth(1)
|
Currency
impact(2) |
Acquisitions
|
Total
change |
|
Food
and Facilities Management Services:
· North
America
· Continental
Europe
· United
Kingdom
and Ireland
· Rest
of the
World
|
6,371
2,919
2,111
663
678
|
6,612
2,890
2,236
720
766
|
7.9%
7.6%
4.9%
6.9%
19.4%
|
-
4.2%
-
8.1%
0.1%
1.6%
-
6.5%
|
0.1%
-0.5%
0.9%
-
0.1%
|
3.8%
-
1.0%
5.9%
8.5%
13.0%
|
|
Service
Vouchers and Cards
|
178
|
211
|
20.5%
|
-
4.5%
|
2.4%
|
18.4%
|
|
Elimination
of
intragroup revenues
|
(3)
|
(4)
|
||||
|
TOTAL
|
6,546
|
6,819
|
8.2%
|
-
4.2%
|
0.2%
|
4.2%
|
| 1) |
Organic
growth: increase in revenues at constant consolidation scope
and exchange
rates.
|
| 2) |
The
current
impact is (-4.2)%. However, Sodexho subsidiaries’ income and expenses are
expressed in the same currency; hence, contrary to exporting
companies,
currency variations carry no operating
risk.
|
Commenting
on the
first-half revenues, Michel Landel, Chief Executive Officer, said: “The
acceleration in organic growth during the first six months, resulting
particularly from comparable unit growth, is very encouraging. The scope
of our
global network and the emphasis we have given over the past few years to
constant innovation in our quality of life services offers are significant
sources of competitive advantage. These lend support to our strategy and
Sodexho’s leadership position in the fast-growing Facilities Management market.
Our good first-half performance leads us today to anticipate organic growth
exceeding 7% for Fiscal 2007, in line with our medium term objective of
annual
average organic growth of 7%.”
1/9
 |
 |
Organic
Revenue Growth Analysis
(See
table in Annex
2 and a selection of new clients in Annex 3)
Food
and
Facilities Management Services
|
-
|
North America: organic growth of 7.6% with a confirmation of a return to growth in Business & Industry | |
|
-
|
Continental Europe: + 4.9%, with sustained momentum in Healthcare and Seniors | |
|
-
|
United Kingdom and Ireland: + 6.9%, a result of strong performance in Healthcare and Defense | |
|
-
|
Rest of the World: + 19.4%, with double-digit growth across all geographies |
In
North
America,
Business and
Industry (+ 5.8%) benefited from a number of growth drivers: improvement
in
client retention, increase in comparable unit growth. New sales activity
accelerated, particularly in Facilities Management. New contract wins include
Pfizer, USAA Insurance in Texas and the Houston Zoo.
Organic
growth of
7.9% in Healthcare and Seniors reflects mainly a solid increase in revenues
on
existing sites driven by continued innovation in Facilities Management
service
offerings. New contract wins include Moses Cone in North Carolina, Stanford
University Hospital in California and Tulsa Regional Hospital in
Oklahoma.
Organic
growth of
8.2% in Education was led by a number of factors, including:
| · |
sustained
demand for Facilities Management services, especially for construction
and
renovation projects
|
| · |
strong
comparable unit foodservice revenues for both schools and universities,
and
|
| · |
the
positive
effect of the improvement in client retention achieved in fiscal
2006.
|
In
North America,
Sodexho also received several recognitions:
| · |
Sodexho
received the Most Innovative Recruiting and Staffing Initiative
award from
the International Quality and Productivity Center for best practices
in
workforce management.
|
| · |
Sodexho
Canada
was re-certified at the Gold level of Progressive Aboriginal
Relations for
its continued commitment to evolution and progress in aboriginal
communities.
|
| · |
Sodexho
was
named a “Top Company for Latinas” by LATINA
Style
Magazine for
the fifth time and as a “Top Corporation for Supplier Diversity” by
Hispanic
Trends.
|
In
Continental
Europe,
the increase in
revenues in Business & Industry (+ 3.8%) reflected varying performance by
countries:
|
-
|
good
continued
sales growth in Central Europe
|
|
|
-
|
strong
growth
of existing site sales, in Spain, for example
|
|
|
-
|
mixed
performance in other countries (particularly, Italy and the
Netherlands),
linked to the economic environment and the focus by Sodexho’s local teams
on profitable contractual terms.
|
2/9
|
|
Growth of 7.1 % in Healthcare and Seniors reflects the extensive service offerings and high level of prior year sales. Among recent contract wins are the University Hospital of Gand in Belgium and Fourvières Hospital in France.
The
growth rate in
Education (+ 5.5%) can be attributed to improved client retention rates
and
continued selectivity, particularly in public markets. New clients include
the
schools of Dresden Fraichaud in Germany and Sigtuna and Atvidaberg in
Sweden.
The
period also saw
recognition for the work of Sodexho’s teams in Continental Europe
including:
| · |
In
France,
Sodexho received the 2006 Corporate Diversity Award for
Innovation.
|
| · |
In
Belgium,
Sodexho was the first company in its industry sector given the
right to
use the government-sponsored National Nutrition and Health Plan
designation, an effort to combat unhealthy eating
habits.
|
| · |
In
the
Netherlands, all Sodexho’s Facilities Management sites received ISO 9001
certification as of January,
2007.
|
In
the
United Kingdom and Ireland,
the
growth of close
to 7% confirms Sodexho’s return to growth. This increase results particularly
from Healthcare, Correctional Facilities and, to a lesser extent, Defense.
Private Finance Initiative (PFI) contracts have been ramped up to normal
operating levels. Sales activity in the leisure market accelerated as
illustrated by the contract recently awarded for the World Scouts
Jamboree.
Sodexho
was
recognized by the Edge Foundation, for providing outstanding learning
opportunities through its apprenticeship and vocational
programs.
In
the Rest
of the
World,
organic growth in
Food and Facilities Management services remained buoyant at 19.4%.
The
strength of raw
material prices contributed to good revenue growth in Remote Sites, particularly
in the Mideast, Africa and Australia and, in the mining sector, in Latin
America. Sodexho won new contracts with PlusPetrol and Norsemont in Peru,
Petrobras in Argentina, Ensco in Qatar and Red Sea Housing in Saudia
Arabia.
Finally,
in China
and India, Sodexho’s expansion continues at a rapid pace, particularly with an
important contract in Facilities Management and Service Vouchers and Cards
with
IBM.
Among
the
distinctions received by Sodexho:
| · |
Sodexho
Mexico
received a social responsibility award for the third consecutive
year for
its emphasis on quality of life for employees, business ethics,
community
involvement and environmental
protection.
|
| · |
In
Brazil,
Sodexho was recognized as a best employer by HR professionals
from 800 of
Brazil's most important companies.
|
3/9
|
|
Service
Vouchers and Cards
Organic
growth: +20.5%
Fueled
particularly
by Latin America, especially Venezuela, issue volume totaled 3.7 billion
euros,
up 18.4% (at constant consolidation scope and exchange rates).
This
remarkable
organic revenue growth can be attributed principally to:
| · |
innovative
offers in several countries for year-end holiday season gift
vouchers
|
| · |
increases
in
voucher face values and the number of potential beneficiaries
in certain
countries, such as Argentina and
Venezuela
|
| · |
continued
strong sales force performance.
|
At
the initiative of
the Center for Public-Private Sector Studies, Sodexho Service Vouchers
and Cards
received in France the first Public-Private award for innovative service
offers
to meet the needs of local authorities.
4/9
|
|
| ¨ |
Conference
call
|
SODEXHO
ALLIANCE
will hold a conference call today to discuss first-half revenues for Fiscal
2007. The call will begin at 8:30 am (Paris time). The call-in access number
is
+33 (0)1 72 26 01 65. The press release and the slideshow will be available
on
the internet by clicking on the link www.sodexho.com,
under the “Latest
News” section, beginning at 7:00 am. To access the rebroadcast of the conference
call, please dial + 33 (0)1 72 28 01 39, code: 196024#.
| ¨ |
Financial
communications calendar
|
| ¨ |
First
half Fiscal 2007 results
|
Thursday,
April 26,
2007. A presentation for analysts and journalists will be held the same
day.
| ¨ |
Revenues
for the first nine months of Fiscal
2007
|
Wednesday,
July 4,
2007. The announcement will be followed by a conference call.
The
above dates are
provided for information only and are subject to change.
| ¨ |
About
Sodexho Alliance
|
SODEXHO
ALLIANCE, founded in 1966 by Pierre Bellon, is the leading global provider
of
Food and Facilities Management services, with more than 332,000 employees
on
28,300 sites in 80 countries. For Fiscal 2006, which closed August 31,
2006,
SODEXHO ALLIANCE had sales of 12.8 billion euro. Listed on Euronext Paris
and on
the New York Stock Exchange, the Group’s current market capitalization is 8.7
billion euro.
This
press release
contains 'forward-looking statements' within the meaning of the United
States
Private Securities Litigation Reform Act of 1995. These include, but are
not
limited to, statements regarding anticipated future events and financial
performance with respect to our operations. Forward-looking statements
can be
identified by the fact that they do not relate strictly to historical or
current
facts. They often include words like 'believe,' 'expect,' 'anticipate,'
'estimated,' 'project,' 'plan,' 'pro forma,' and 'intend' or future or
conditional verbs such as 'will,' 'would,' or 'may.' Factors that could
cause
actual results to differ materially from expected results include, but
are not
limited to: those set forth in our Registration Statement on Form 20-F,
as filed
with the Securities and Exchange Commission (SEC), the competitive environment
in which we operate, changes in general economic conditions and changes
in the
French, American and/or global financial and/or capital markets. Forward-looking
statements represent management’s views as of the date they are made, and we
assume no obligation to update any forward-looking statements for actual
events
occurring after that date. You are cautioned not to place undue reliance
on our
forward-looking statements.
|
Press
contacts
William
Mengebier
Tel:
+ 33 (1)
30 85 74 18 - Fax: +33 (1) 30 85 50 10
E-mail:
william.mengebier@sodexhoalliance.com
|
Investor
relations:
Jean-Jacques
Vironda
Tel:
+ 33 (1)
30 85 72 03 - Fax: +33 (1) 30 85 50 05
E-mail:
jean-jacques.vironda@sodexhoalliance.com
|
|
|
Anthony
Marechal
Tel
: + 33 (1)
30 85 71 89 - Fax : +33 (1) 30 85 50 10
E-mail
:
anthony.marechal@sodexhoalliance.com
|
Pierre
Bénaich
Tel
: + 33 (1)
30 85 29 39 - Fax : +33 (1) 30 85 50 05
E-mail
:
pierre.benaich@sodexhoalliance.com
|
5/9
|
|
Annex
1:
Consolidated Revenues
|
In
thousands of
euro
|
|||||||||||||
|
2005/2006
|
2006/2007
|
||||||||||||
|
FIRST
QUARTER (Sept. to Nov.)
|
|||||||||||||
|
.
Food
and management services
|
|||||||||||||
|
-
North
America
|
1
527 658
|
1
541 151
|
|||||||||||
|
-
Continental
Europe
|
1
076 643
|
1
151 281
|
|||||||||||
|
-
United
Kingdom and Ireland
|
332
971
|
365
713
|
|||||||||||
|
-
Rest of
World
|
340
191
|
396
810
|
|||||||||||
|
.
Service Vouchers and Cards
|
82
525
|
98
321
|
|||||||||||
|
.
Elimination
of intragroup Revenues
|
-1
758
|
-1
765
|
|||||||||||
|
|
3
358 230
|
3
551 511
|
|||||||||||
|
SECOND
QUARTER (Dec. to Feb.)
|
|||||||||||||
|
.
Food
and management services
|
|||||||||||||
|
-
North
America
|
1
390 868
|
1
348 714
|
|||||||||||
|
-
Continental
Europe
|
1
034 727
|
1
084 770
|
|||||||||||
|
-
United
Kingdom and Ireland
|
330
433
|
354
209
|
|||||||||||
|
-
Rest of
World
|
337
770
|
369
136
|
|||||||||||
|
.
Service Vouchers and Cards
|
95
812
|
112
899
|
|||||||||||
|
.
Elimination
of intragroup Revenues
|
-
1 524
|
-2
106
|
|||||||||||
|
3 188
086
|
3 267
622
|
||||||||||||
|
%
Variations
|
|||||||||||||
| . Food and management services |
at
current
exchange rates |
at
constant
exchange rates |
|||||||||||
|
-
North
America
|
2
918 526
|
2
889 865
|
-1.0
|
%
|
7.1
|
%
|
|||||||
|
-
Continental
Europe
|
2
111 370
|
2
236 051
|
5.9
|
%
|
5.8
|
%
|
|||||||
|
-
United
Kingdom and Ireland
|
663
404
|
719
922
|
8.5
|
%
|
6.9
|
%
|
|||||||
|
-
Rest of
World
|
677
961
|
765
946
|
13.0
|
%
|
19.5
|
%
|
|||||||
|
.
Service Vouchers and Cards
|
178
337
|
211
220
|
18.4
|
%
|
22.9
|
%
|
|||||||
|
.
Elimination
of intragroup Revenues
|
-
3 282
|
-3
871
|
|||||||||||
|
TOTAL
|
6
546 316
|
6
819 133
|
4.2
|
%
|
8.4
|
%
|
|||||||
Growth
breakdown :
-
Organic
growth :
8.2
%
-
Acquisitions (*) :
0.2
%
-
Currency
effect : -4.2
%
(*)
net of
divestitures
6/9
|
|
Annex
2:
Food and Facilities Management services revenue by segment
Consolidated
Group
|
In
millions of euro
|
First
half
Fiscal 2006 |
First
half
Fiscal
2007
|
Organic
Growth(1) |
|
· Business
& Industry
· Healthcare
· Education
|
3,008
1,619
1,744
|
3,184
1,660
1,768
|
8.2%
7.8%
7.3%
|
|
TOTAL
|
6,371
|
6,612
|
7.9%
|
North
America
|
In
millions of euro
|
First
half
Fiscal 2006 |
First
half
Fiscal 2007 |
Organic
Growth(1) |
|
· Business
& Industry
· Healthcare
· Education
|
677
997
1,245
|
649
995
1,246
|
5.8%
7.9%
8.2%
|
|
TOTAL
|
2,919
|
2,890
|
7.6%
|
Continental
Europe
|
In
millions of euro
|
First
half
Fiscal 2006 |
First
half
Fiscal 2007 |
Organic
Growth(1) |
|
· Business
& Industry
· Healthcare
· Education
|
1,239
481
391
|
1,308
516
412
|
3.8%
7.1%
5.5%
|
|
TOTAL
|
2,111
|
2,236
|
4.9%
|
United
Kingdom and Ireland
|
In
millions of euro
|
First
half
Fiscal 2006 |
First
half
Fiscal 2007 |
Organic
Growth(1) |
|
· Business
& Industry
· Healthcare
· Education
|
476
106
81
|
522
119
79
|
8.1%
9.6%
-3.5%
|
|
TOTAL
|
663
|
720
|
6.9%
|
| (1) |
Organic
growth: increase in revenues at constant scope of consolidation
and
exchange rates.
|
7/9
|
|
Annex
3:
Selection of new clients
Foodservices
and Facilities Management
North
America
Business
& Industry
USAA
Insurance, Texas
(foodservices),
Houston
Zoo, Houston,
Texas (1.4
million
visitors, foodservices);
American
Family, multiple
sites (4,200
employees,
foodservices and facilities management);
Cafe St.
Barts, St. Bartholomew’s Church,
New York (1,000
customers per day, foodservices, special events)
Healthcare
and Seniors
Stanford
University Medical Center, Palo
Alto,
California, (430 beds, plant operations and maintenance);
Moses Cone
Health Center, Greensboro,
North
Carolina, (535 beds, foodservices and facilities management);
Nova Gold,
British
Columbia,
Canada, (1,000
beds,
foodservices and facilities management)
Education
Stevens
Institute of Technology, Hoboken,
New
Jersey, (4,500
students,
foodservices);
Recovery
School District, New
Orleans,
Louisiana, (8,500 students, foodservices and facilities management);
Blue
Springs School District, Blue
Spring,
Missouri,(14,000 students, foodservices)
Continental
Europe
Leisure
Eiffel
Tower,
France (6 million
visitors annually, foodservices),
Business
& Industry
KLM,
Netherlands
(foodservices and facilities management), BMW
Bistro,
Belgium
(restaurant);
C.E.A
Biii, France (2,300
employees,
foodservices)
Healthcare
and Seniors
UZ
Gent,
Belgium
(1,050 beds,
foodservices);
Hopital de
Fourvière, France (265
beds,
foodservices)
Leonardo da Vinci hospitals,
France, (400 beds,
foodservices and facilities management)
Education
Dresden
Fraichaud CCS, Germany
(20,000
meals/day, foodservices); Schools
in
Atvidaberg,
Sweden (2,000
students, foodservices)
8/9
|
|
United
Kingdom and Ireland
Prestige
World
Scouts
Jamboree, Chelmsford,
(10
days, 40,000 people, foodservices);
Education
Abingdon
School, Oxford,
(800
students, foodservices and facilities management); University
of Nottingham, Nottingham, (1,000
employees,
foodservices);
University
of Bedfordshire, Luton, (12,500
students,
foodservices)
Rest
of the
World
Business
& Industry
IBM,
India
(foodservices, facilities management and Service Vouchers and Cards);
Johnson
Health Tech. Co.,Ltd.,
Shanghai, China
(5,000 employees, foodservices); Suzhou
Industrial Park Xinhai School,
Suzhou, China,
(2,400 employees, foodservices); Henkel
(China) Co., Ltd.,
Shanghai, China,
(650 employees, foodservices); Ensco,
Quatar, (100
employees, foodservices and facilities manaaement); Caroil,
Congo, (100 people,
facilities management); Red
Sea
Housing,
Saudia Arabia, (4
camps, 400 people, foodservices and facilities management); PlusPetrol,
Peru (facilities
management); Embraer
Neiva,
Brazil, (2,500
meals/day, foodservices)
Service
Vouchers and Cards
Argentina: Aceitera
General Deheza (Food
Pass, 1,600
beneficiaries):
Coca-Cola
(Food
Pass, 2,160
beneficiaries); Brazil:
Banese
(Food Pass, 1,330
beneficiaries); Secretaria
Municipal de Saúde
(Gift Pass, 12,770
vouchers); Chile: BBVA
(Mobility
Pass,
3,000 vouchers);
Royal &
SunAlliance (Meal
Pass, 200
beneficiaries); Colombia:
Fondo
Nacional del Ahorro
(Mobility Pass, 130
vouchers); Castrol
(Gift Pass, 1,200
vouchers);
Mexico:
Asamblea
Legislativa del Distrito Federal (Meal
Pass, 700
beneficiaries);
Banco de
Mexico
(Meal Pass);
Venezuela:
Alcaldia
Municipal del Distrito Sotillo (Food
Pass, 830
beneficiaries); Cargill
(Food Pass, 670
beneficiaries)
India:
Air
Liquide
(Gift
Pass, 240
vouchers); Calyon
(Meal
Pass, 150
beneficiaries); Prudential
(Meal
Pass, 630
beneficiaries)
Bulgaria:
Petrol
(Food
Pass, 2,900
beneficiaries); Société
Générale
(Food Pass,
1,200
beneficiaries); Czech
Republic:
Telefónica (Holiday
Pass);
E.ON
(Flexi
Pass);
Poland:
ThyssenKrupp
(Gift Pass, 1,660
vouchers); Romania:
University
of Pitesti
(Food Pass, 780
beneficiaries); Slovakia:
Telefónica
(Meal
Pass, 120
beneficiaries)
France:
Mainguy
(Meal
Pass, 1,200
beneficiaries; Areva
(CESU);
Total
(CESU,
1,200
beneficiaries); Région
Basse-Normandie (Assistance
Pass,
55,000 beneficiaries);
Région
Auvergne (Assistance
Pass,
46,000 beneficiaries); Spain:
Altran
(Meal
Pass, 120
beneficiaries); Caixa
(Assistance Pass,
100,000 families) ; UK:
Citigroup
(Education
Pass)
9/9
SIGNATURES
Pursuant
to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto
duly
authorized.
|
|
|
SODEXHO
ALLIANCE, SA
|
||
|
|
|
|
|
|
|
Date:
April 4,
2007
|
By:
|
/s/
Siân
Herbert-Jones
|
||
|
|
|
|
Name:
|
Siân
Herbert-Jones
|
|
|
|
|
Title:
|
Chief
Financial Officer
|