Sodexo Group posts solid half year results but remains cautious over Covid

Sodexo Team has posted an improved than expected underlying working profit percentage of 3.through February 1 per cent for the six-month time period, but warns that with continuing uncertainty because of the pandemic, year result in August it expects small improvement within the quarter upon quarter trends to the fiscal.

Reflecting the substantial lack of food volumes because of the lockdown and working at home, same site product sales decline had been at -22.7 %, but Facilities Management Services remained solid.

Commenting on the UK’s Business functionality, Sean Haley, region seat, Sodexo United kingdom & Ireland mentioned:

“Our half-year fiscal outcomes and activities during the last six a few months reflect an extremely solid overall performance in the context of ongoing disruption and the influence Covid-19 proceeds to possess on our company.

“The business enterprise is still resilient and we method the next half of the entire year with a spirit of careful optimism. In the UK here, the achievement of the vaccine rollout and the Government’s roadmap out of lockdown will enable elements of our business which have, to all or any purposes and intents, been closed for most months, to open again once.

“Preparations are usually underway for main events such as for example Royal Ascot already, Henley Royal Regatta and the RHS Chelsea Floral Show, for which we have been the hospitality partner. Moreover, week on international journey with lockdown easing and additional announcements due next, we are dealing with our customers at stadia, venues, airport terminal and offices lounges to aid safe reopening, as consumers begin to plan meetings, activities and encounters again once.

“And a resurgence of action with existing clients, we’ve furthermore celebrated a raft of substantial home based business wins with visible brand names and organisations across all segments. These have integrated brand new partnerships for both hospitality and the place of work – the latter getting awarded predicated on our new Important Spaces proposition which includes professionals from across Sodexo to spotlight delivering a confident employee experience for folks wherever they are functioning.”

He carried on:

“I’m immensely pleased with all our groups who unwaveringly provide our values alive whether focusing on the frontline, in the home, and everywhere among – they continue steadily to deliver excellence for the clients and to create a real positive effect on the communities within which we operate. We’ve continued to aid and spend money on their wellbeing because they adjust to new working plans. We have been by no means using this crisis yet, but everything I see occurring across I am packed by the business enterprise with confidence that people, like the UK Federal government, are in a solid position to create Better Back.”