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Sodexo (EPA:EXHO) announced it expects fiscal 2025 revenue growth to land at the lower end of its forecast range, citing mixed regional results and significant currency pressures. The French food services giant maintained its full-year guidance of 3% to 4% organic revenue growth and a 10–20 basis point operating margin improvement, but now anticipates outcomes at the lower end of both metrics.
Third-quarter revenue reached €6.1 billion, up just 0.8% from the prior year. Organic growth was 3%, yet currency fluctuations reduced revenue by 2.1%, with an additional 0.2% decline from acquisitions and disposals. North America revenue dropped 1.1% to €2.87 billion despite a 1.2% organic gain, offset by key contract exits, including a global facilities management agreement. Healthcare & Seniors slipped 0.1% due to contract losses in Canada, while Sodexo Live! rose 3.9% on stronger airline lounge activity.
In Europe, revenue climbed 3.8% to €2.18 billion with notable 15.7% growth in Sodexo Live!, driven by U.K. stadiums and French tourism. Healthcare & Seniors advanced 7.4% from new contracts, while Business & Administrations and Education showed limited growth.
The Rest of the World segment held steady at €1.07 billion, with organic growth of 7.5% led by India, Brazil, and Australia. Healthcare & Seniors surged 21.5%, Sodexo Live! 20.2%, Education 8.9%, and Business & Administrations 6.1%. However, a 6.5% currency impact, mainly from the Brazilian real, trimmed headline results.
For the first nine months of fiscal 2025, Sodexo reported €18.6 billion in total revenue, a 2.3% increase year-on-year. Organic growth reached 3.4%, with strong performance in Sodexo Live!, Healthcare & Seniors, and Business & Administrations. Currency depreciation, especially in the U.S. and Latin America, weighed heavily on overall growth.
