Sodexo Completes Sale of Vivabox
Paris, September 18, 2017 --
Sodexo has completed the sale of Vivabox USA ("Vivabox") to Lion Equity Partners. Vivabox is a leading provider of products and services to the sample and subscription box industry.
Vivabox is a profitable subsidiary providing specialized marketing services to retail businesses. The activity was not a core strategic service for Sodexo and the Group decided to accept Lion Equity Partners' offer for Vivabox, having sold the European Vivabox activities in 2015.
The disposal of this activity generated a capital gain in FY 2017.
The Group confirms its operating profit growth guidance at the bottom of the 8-9% range for FY2017. The currency impact on operating profit will remain just slightly positive, but less than in the first half given the recent strength of the Euro against the US dollar, Sterling and the Brazilian real.
About Sodexo
Founded in 1966 in Marseille by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 80 countries, Sodexo serves 75 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from foodservices, reception, maintenance and cleaning, to facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass benefits for employees to in-home assistance, child care centers and concierge services. Sodexo's success and performance are founded on its independence, its sustainable business model and its ability to continuously develop and engage its 425,000 employees throughout the world. Sodexo is included in the CAC 40 and DJSI indices.
Key figures
(as of August 31, 2016)
20.2 billion
euro
consolidated revenue
425,000
employees
19
th
largest employer worldwide
80
countries
75 million
consumers served daily
17.1 billion euro in market capitalization (as of July 5, 2017)
Forward-looking information
This press release contains statements that may be considered as forward-looking statements and as such may not relate strictly to historical or current facts. These statements represent management's views as of the date they are made and Sodexo assumes no obligation to update them. The reader is cautioned not to place undue reliance on these forward-looking statements.
Contacts
| Analysts and Investors | Media |
|
Virginia Jeanson
Tel. & Fax: +33 1 57 75 80 56 virginia.jeanson@sodexo.com |
Laura Schalk
Tel. & Fax: +33 1 57 75 85 69 laura.schalk@sodexo.com |
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sodexo via GlobeNewswire
