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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Sodexo    SW   FR0000121220


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SODEXO : STOP Hunger Servathon 2012

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04/02/2012 | 04:15pm CEST

Sodexo mobilizes its 413,000 employees to fight hunger and malnutrition around the world

Regulatory News:

Sodexo (PARIS: SW)(OTCBB: SDXAY) employees across the globe are invited to join forces this month for the annual STOP Hunger "Servathon 2012". Held each April since 1997, when it began in the U.S., the Servathon is now a global program that works to engage employees in all 80 of Sodexo's host countries in hunger relief efforts such as donating food, serving meals, and fundraising.

Sodexo, world leader in Quality of Daily Life Services, has an ongoing commitment to help those who face hunger and malnutrition, which still afflict nearly one billion people worldwide. Last year, teams in 30 Sodexo host countries across 6 continents took part in hunger relief activities during the Servathon. More than 39,000 employees helped to provide the equivalent of 200,000 meals for NGOs and associations in their local communities.

This year, Sodexo employees around the world will again show their commitment to ending hunger. They will pay particular attention to sharing Sodexo knowledge and best practices, including providing education and information to hunger relief organization workers and beneficiaries in areas such as nutrition, food safety and food waste reduction.

The "Servathon", a leading force of Sodexo's "STOP Hunger" initiative, works to fight hunger and malnutrition in the countries where the Group operates, thanks to four areas of action: volunteering, sharing Sodexo knowledge and providing food donations and financial donations.

Michel Landel, Sodexo CEO and President of Sodexo STOP Hunger Association, commented: "While we are going through difficult economic times, local populations of some countries where Sodexo operates are suffering in precarious circumstances, and the necessity of setting up a hunger relief program is of greater importance than ever. We are proud of the commitment of our employees, who touch the daily lives of over 50 million people worldwide. They give life to the spirit of service to improve the Quality of Daily Life for the people we serve in the communities where we live and work."

The worldwide programs led under the STOP Hunger initiative are in line with Sodexo's global sustainable development strategy. In 2009, the Group formalized its sustainable development commitments in the "Better Tomorrow Plan" and has committed to develop the STOP Hunger initiative in the 80 countries where the Group operates by 2020.

About Sodexo

Sodexo, world leader in Quality of Life Services

Quality of Life plays an important role in the progress of individuals and the performance of organisations. Based on this conviction, Sodexo acts as a partner for companies and institutions that place a premium on performance and employee well-being, as it has since Pierre Bellon founded the company in 1966.

Sharing the same passion for service, Sodexo's 413,000 employees in 80 countries design, manage and deliver an unrivaled array of Quality of Life Services.

Sodexo has created a new form of service business that contributes to the fulfillment of its employees and the economic, social and environmental development of the communities, regions and countries in which it operates.

Key figures (as of August 31, 2011)

  Sodexo world-wide
16 billion euro consolidated revenue

413,000 employees (incl. acquisitions made between August 31 & December 31, 2011)

22nd largest employer worldwide (ranking as of August 31, 2011)

80 countries

33,400 sites

50 million consumers served daily

9.6 billion euro market capitalization (as of March 30, 2012)

Tel. & Fax : +33 1 57 75 85 69
E-mail : laura.schalk@sodexo.com
Tel. & Fax : +33 1 57 75 84 73
E-mail : sarah.panchbhaya@sodexo.com

© Business Wire 2012
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EBIT 2016 1 171 M
Net income 2016 638 M
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Yield 2016 2,15%
P/E ratio 2016 24,42
P/E ratio 2017 22,45
EV / Sales 2016 0,83x
EV / Sales 2017 0,79x
Capitalization 16 266 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 105 €
Spread / Average Target -1,2%
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Michel Landel Chief Executive Officer & Director
Sophie Clamens Chairman
Marc Rolland Group Chief Financial Officer
Patricia S. Bellinger Independent Director
Pierre Bellon Chairman-Emeritus
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