Press release and Appendices in PDF - Sodexo

Press release
Sodexo announces organic growth of 8.4%
for the first nine months of Fiscal 2008
Food and Facilities Management Services, + 8.2%: solid growth in all segments
and in all geographies
- Sodexo takes advantage of its global leadership in Healthcare and
Education and its international network
Service Vouchers and Cards, + 17.4% : superior to market growth
Paris, July 2, 2008. SODEXO (NYSE Euronext Paris FR0000121220 - SW OTC: SDXAY), a world leader
in Food and Facilities Management Services in most of its markets, today announced consolidated
revenue for the first nine months of Fiscal 2008, ended May 31, 2008.
(in millions of euro) 9 months
Fiscal
2007
Food and Facilities
Management Services:
North America
Continental Europe
UK and Ireland
Rest of the World
Revenue by activity and geographic area
4,311
3,357
1,064
1,175
9 months
Fiscal
2008
4,051
3,617
1,141
1,251
Organic
growth (1)
+ 5.2%
+ 7.9%
+ 16.8%
+ 11.8%
Currency
impact (2)
- 11.9%
0%
- 9.6%
- 4.2%
Acquisitions
+ 0.6%
- 0.2%
-
- 1.1%
Total
change
-6.1%
+ 7.7%
+ 7.2%
+ 6.5%
Total 9,907 10,060 + 8.2% - 6.7% 0% + 1.5%
Service Vouchers and
Cards 323 425 + 17.4% -1.9% + 15.9% + 31.4%
Intra-group eliminations - 6 - 9
TOTAL 10,224 10,476 + 8.4% - 6.5% + 0.6% + 2.5%
1) Organic growth: revenue growth, at constant scope of consolidation and exchange rates.
2) The currency impact was a negative -6.5%, but contrary to exporting companies, the revenues and operating expenses of
Sodexo subsidiaries are denominated in the same currency. Consequently, foreign exchange variations do not result in
operating risks.
Commenting on the figures, Sodexo CEO, Michel Landel, said, " Sodexo has maintained a sustained
growth rate thanks to a comprehensive portfolio of services and the breadth of its international network
despite a more challenging economic environment. All of our segments are progressing in all geographies.
In Service Vouchers and Cards, our progress is much faster than that of the market. We therefore reaffirm
our organic growth and operating profit objectives for this fiscal year and remain confident in our medium
term prospects."
www.sodexo.com I 1/12

Food and Facilities Management Services (organic growth analysis):
● North America, + 5.2% : Steady performance from Healthcare and Seniors and new growth in
Business and Industry
● Continental Europe, + 7.9% : Sodexo’s leadership maintained in Healthcare and Education
● UK and Ireland, + 16.8% : strong impact of Rugby World Cup 2007 hospitality contract
● Rest of the World, + 11.8% : continued strong momentum in Latin America, Asia, the Middle
East and Remote Sites
In North America, in a more challenging environment, growth has continued in Business and Industry
(+ 3.9%), as a result of improved client retention during Fiscal 2007 and new contract wins during the last
twelve months. Among the recent successes: Blue Cross & Blue Shield of Florida, Procter & Gamble in
Jackson, Tennessee, and Aerospace Corporation, California.
The excellent organic growth achieved again in Healthcare (+ 8.3%) resulted from continued success in
comparable unit growth, particularly in Facilities Management services, of an offer well-adapted to meet
the expectations of consumers (patients, visitors and hospital staff). Recent sales successes include
Clarian Arnett Hospital, Indiana and Saint Vincent Catholic Medical System, New York.
The Education segment (+ 3.4%) grew steadily as a result of the continued increase in enrollment which
generated good comparable unit growth on university campuses and in schools. However, progress in
Facilities Management services has been more moderate compared to Fiscal 2007 which featured
numerous renovation projects following the hurricanes in Louisiana. Application of criteria for revenue
recognition on certain contracts also continued to have an effect during the past nine months. Recent new
contract wins include Millard Public Schools, Nebraska and University of Arkansas.
Finally it should be remembered that the fourth quarter of Fiscal 2007 included a 53rd week of activity in
North America, consistent with industry practice. This element added about 1.2% to organic growth in
North America and about 0.6% to Group organic growth for the full fiscal year. A 53 rd week will not be
included in Fiscal 2008.
In the US, Sodexo received several recognitions:
the Women's Foodservice Forum (WFF) awarded Sodexo the prestigious "Jackie B. Trujillo SOAR
Award” for its role in the advancement and empowerment of women;
DiversityInc® magazine ranked Sodexo in the top 50 "Companies for Diversity" for the fourth
consecutive year;
The magazine Edge Diversity ranked Sodexo in the top 10 “Companies for Diverse Graduates."
In Canada, Sodexo received the "Mayor's Volunteer Service Award” for the work of its volunteers in
implementing its "Feeding Our Future” program in the city of Winnipeg.
In Continental Europe, the 6.7% increase in Business and Industry resulted mainly from:
- the contribution of the Facilities Management services contract with KLM in the Netherlands;
- sales success achieved in Central Europe and Sweden, in both Food and Facilities
Management services;
- continued excellent performance in Leisure in the Paris region (the Lido, Bateaux Parisiens,
the Eiffel Tower).
Business and Industry also benefited from improved comparable unit growth in almost all countries. This is
partly a result of the application of contractual indexation clauses to compensate for food inflationary
pressures.
www.sodexo.com I 2/12

In addition, Sodexo won many new contracts such as Volvo Group in Sweden, BNP-Paribas, Sagem and
Olympique Lyonnais in France and Martinair in the Netherlands.
Healthcare continues to grow vigorously (+ 8.5%), a result of the significant increase in growth on sites
and the positive impact of contracts won in Fiscal 2007. Recent successes include the Ospedale di Mestre
(Venice) in Italy, Orbis Medical Park in the Netherlands and Clinique des Franciscains (Versailles) in
France.
With growth of 11.1%, Education benefited from new contracts won in 2007 and 2008, good comparable
unit growth and improved client retention. Recent successes include the schools of Cholet, Agde and
Amiens in France and Espoon Kaupunki Koulut (Espoo) in Finland.
Among the distinctions obtained by Sodexo in Continental Europe during this period:
In Poland, for the fifth year in a row, Sodexo was ranked by the business newspaper “Puls Biznesu” and
Coface Poland among the “Business Gazelles” for its dynamic economic development.
In the UK and Ireland, the increase of 21.8% in Business and Industry (which includes Defence and
Correctional Services) resulted mainly from the Rugby World Cup 2007 hospitality contract during the first
quarter of Fiscal 2008. The contract included the sale of travel packages and corporate hospitality
programs. In addition, Sodexo provided Foodservices at several of the event venues.
Activities with a high component of Facilities Management services such as Defence (with the start-up of
the Sovereign Base contract in Cyprus) continued their solid growth..
Organic growth in Healthcare was 3.1% and accelerated in the third quarter, with the opening of new
contracts such as Hillingdon and Mount Vernon.
The Education segment (+ 5%) continued to benefit on the one hand from contracts won last year
(Abingdon School and Truro High School) and the beginning of the current fiscal year as well as from
progress in comparable unit sales through the success of offerings in schools, such as "Club Joules,"
which couples balanced nutritional menus with physical exercise programs.
Sodexo’s recent recognitions in the United Kingdom and Ireland include:
several employees from Sodexo Sports and Leisure teams received " Stadium Experience Official
Football Hospitality Awards";
in Scotland, the British Safety Council awarded Sodexo’s Remote Sites teams with the "International
Safety award” for its work safety policy.
www.sodexo.com I 3/12

In the Rest of the World (+ 11.8%), all geographies again recorded double-digit growth. In parallel,
current raw material prices continued to drive comparable unit growth in the Middle East, Latin America
and in Remote Sites. Several new contracts were won including Santos Dumont Hospital and San Paolo
Hospital (Brazil), Hindustan Unilever Ltd. and Vodafone (India), Tetra Pak Asia (Singapore) and Dubai
Waterfront Al Nakheel Services (United Arab Emirates).
Sodexo received the following recognitions:
In Colombia, Johnson & Johnson recognized Sodexo, as "outstanding service provider Foodservices
and Cafeterias." Sodexo also obtained ISO certifications 9001-2000 and OHSAS 18001-1999;
In Peru, for the fourth consecutive year, Sodexo was named "Best Business of the Year" in the
Foodservices category by the non-profit Asociacion Civil Empresa Peruana del Año;
In Gabon, Shell recognized the Sodexo team with the "Hazard Awareness award” for their
commitment to safety in the workplace.
Service Vouchers and Cards
Issue volume reached 7.6 billion euros for the first nine months of Fiscal 2008, an increase of 35.3% over
last year, representing an above-market growth rate. The Service Vouchers and Cards activity of Grupo
VR in Brazil was consolidated for the first time during the third quarter.
Organic revenue growth of 17.4% reflects the following principal trends:
- continued strong momentum in Latin America. An improvement in face value and an increase in
the number of beneficiaries helped generate strong growth in several countries.
- strong development in Europe, linked to innovative offerings such as Gift Vouchers and Flexi Pass
in Central Europe as well as the contribution from the Vouchers for Services program of the
Belgian Employment Office (ONEM).
Recent commercial successes include ING in Belgium (Leisure Pass), UniCredit Bank in Slovakia
(Restaurant Pass and Gift vouchers), the Municipality of Almirante Brown in Argentina (Assistance Pass)
and 24/7 Customer in India (Restaurant Pass).
Sodexo received in Spain :
The Alares award from the Alares Foundation and the EFR (Empresa Familiarmente leader) certificate
from the Fundacion+Familia in the large company category .These rewards honored Sodexo for its
Human Resources policies for its commitment to work life balance.
Acquisitions
Third quarter events
On March 3, 2008, Sodexo completed the acquisition of the Service Vouchers and Cards activity of Grupo
VR in Brazil, becoming the leader for this activity in the world’s leading market. As Sodexo and VR share
the same values, the integration of VR employees in Brazil within Sodexo has been progressing very
satisfactorily.
On June 16, 2008, Sodexo acquired 90% of Yachts de Paris, a high-end cruises company on the Seine in
Paris, for 23 million euros. The Group reinforced its presence in the heart of France’s capital in the Sports
and Leisure segment.
www.sodexo.com I 4/12

Equity transactions
On April 17, 2008, the Group announced the launch of a simplified tender offer for up to 7.8% of its capital.
This operation which ran from May 16 to May 29 resulted in the repurchase of 1.7 million shares (slightly
more than 1% of the capital) for 71 million euro. These shares were subsequently cancelled on June 19,
2008.
Sodexo will pursue its objective to have shareholders participate in the growth in its results. In this
framework, the program to repurchase shares in the market as approved by shareholders on January 22,
2008 will be continued until the next Annual Meeting with the objective of cancelling the shares purchased
and under financial conditions that are in the interest of the Group and its shareholders.
Finally, on June 13, 2008, Sodexo announced the launch of an International Savings Plan proposed to its
employees in 24 countries.
Financial Situation
As stated at the time of the first-half Fiscal 2008 results publication, the debt ratio of the Group (net
financial debt to equity) stood at 30% as at February 29, 2008 after taking account of the acquisition of
VR. The other acquisitions and the share tender offer have not materially altered this debt ratio during the
last quarter.
Awards
The Group has been ranked fourth in the world among the best performing services companies by the
International Association of Outsourcing Professionals (IAOP), an international professional outsourcing
organization. This is the third consecutive year that Sodexo ranks in the Top 5 of this international ranking.
Objectives for Fiscal 2008
Sodexo confirms the following objectives for the current year:
organic revenue growth exceeding 7% and
an operating profit increase of around 12%, at constant exchange rates.
.
The currency impact noted during the first nine months of the year (-6.5%) results from the depreciation of
several currencies, particularly the U.S. dollar against the euro (the average FY 2007 rate was $1.32 for
1€). This trend will weigh on the euro conversion of the Group’s full year financial statements as
expressed at current exchange rates.
www.sodexo.com I 5/12

Conference call and webcast
SODEXO will hold a conference call today at 8:30 a.m. (French time), to comment on its revenues for the
first nine months of Fiscal 2008. Persons wishing to participate are invited to dial + 33 1 72 26 01 28. The
press release and the presentation will be available on the Group website: www.sodexo.com under the
"latest news" section beginning at 7:00 a.m. A recording of the conference will be available by dialing
+ 33 1 72 28 01 49, followed by the code 223 920 #.
In addition, the conference call will be broadcast on the Internet (webcast) with simultaneous audio
(available on www.sodexo.com) and conserved in archives for twelve months.
Availability of information
Sodexo’s quarterly financial information is available on Sodexo‘s website: www.sodexo.com
Financial communications calendar
● Annual Results Fiscal 2008
Friday, November 7, 2008 at 7:00 a.m. A meeting of analysts and a press conference will take place
on the same day. It should be noted that in view of the recent harmonization of French and European
Union regulations, revenues and results will now be the subject of a single publication. Thus, the
previously announced date of October 1, 2008 for publication of annual revenues has been removed
from the calendar.
This date is provided as an indication and can be adjusted.
● About SODEXO
Sodexo, founded in 1966 by Pierre Bellon, is a world leader in Food and Facilities Management
services, with more than 340,000 employees on 29,300 sites in 80 countries. For Fiscal 2007, which
closed August 31, 2007, SODEXO had revenues of 13.4 billion euro. Listed on Euronext Paris, the
Group has a current market capitalization of 6.5 billion euro.
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 we
assume no obligation to update them. You are cautioned not to place undue reliance on our forward looking statements.
Press contact Investor relations
Jean-Charles TREHAN Pierre BENAICH
Tel. & Fax : +33 1 57 75 80 24 Tel. & Fax : +33 1 57 75 80 56
E-mail : jean-charles.trehan@Sodexo.com E-mail : pierre.benaich@Sodexo.com
www.sodexo.com I 6/12

Annex 1: Comparison of consolidated Revenue
SODEXO SA
Société anonyme au capital de 629 437 128 Euros
Siège social: 255, Quai de la Bataille de Stalingrad – Issy les Moulineaux (Hauts de Seine)
301 940 219 R.C.S. Nanterre
(Thousand Euros)
2006/2007 2007/2008
FIRST QUARTER ( Sept. to Nov.)
. Food and Facilities Management
- North America 1 541 151 1 486 082
- Continental Europe 1 151 281 1 240 430
- United Kingdom and Ireland 365 713 499 606
- Rest of the World 396 810 416 220
. Service Vouchers and Cards 98 321 122 754
.Elimination of intragroup Revenue -1 765 -2 231
SECOND QUARTER ( Dec. To Feb.)
. Food and Facilities Management
3 551 511 3 762 861
- North America 1 348 714 1 273 319
- Continental Europe 1 084 770 1 175 216
- United Kingdom and Ireland 354 209 327 209
- Rest of the World 369 136 400 186
. Service Vouchers and Cards 112 899 143 876
.Elimination of intragroup Revenue -2 106 -2 885
THIRD QUARTER ( March To May)
. Food and Facilities Management
3 267 622 3 316 921
- North America 1 420 978 1 291 433
- Continental Europe 1 121 213 1 201 151
- United Kingdom and Ireland 344 416 313 894
- Rest of the World 408 950 435 064
. Service Vouchers and Cards 111 953 158 180
.Elimination of intragroup Revenue -1 992 -3 707
3 405 518 3 396 015
% Variations
at
at current constant
TOTAL 9 MONTHS exchange exchange
rates rates
. Food and Facilities Management
- North America 4 310 843 4 050 834 -6,0% 5,9%
- Continental Europe 3 357 264 3 616 797 7,7% 7,7%
- United Kingdom and Ireland 1 064 338 1 140 709 7,2% 16,8%
- Rest of the World 1 174 896 1 251 470 6,5% 10,7%
. Service Vouchers and Cards 323 173 424 810 31,5% 33,4%
.Elimination of intragroup Revenue -5 863 -8 823
TOTAL
This growth is made up as follows :
10 224 651 10 475 797 2,5% 9,0%
- Organic growth 8,4%
- Acquisitions (*) 0,6%
- Currency effect
(*) net of disposals
-6,5%
www.sodexo.com I 7/12

Annex 2: Food and Facilities Management services by segment
Consolidated Group
In millions of euro 9 months
Fiscal 2007
Business and Industry
Healthcare
Education
4 775
2 522
2 610
9 months
Fiscal 2008
5 011
2 523
2 526
Organic Growth
(1)
+9,6%
+8,0%
+5,7%
TOTAL 9 907 10 060 +8,2%
North America
In millions of euro 9 months
Fiscal 2007
Business and Industry
Healthcare
Education
981
1 504
1 826
9 months
Fiscal 2008
935
1 445
1 671
Organic Growth
(1)
+3,9%
+8,3%
+3,4%
TOTAL 4 311 4 051 +5,2%
Continental Europe
In millions of euro 9 months
Fiscal 2007
Business and Industry
Healthcare
Education
1 950
791
616
9 months
Fiscal 2008
2 077
857
683
Organic Growth
(1)
+6,7%
+8,5%
+11,1%
TOTAL 3 357 3 617 +7,9%
United Kingdom and Ireland
In millions of euro 9 months
Fiscal 2007
Business and Industry
Healthcare
Education
768
180
116
9 months
Fiscal 2008
860
169
112
Organic Growth
(1)
+21,8%
+3,1%
+5,0%
TOTAL 1 064 1 141 +16,8%
Rest of the World
In millions of euro 9 months
Fiscal 2007
Business and Industry
Healthcare
Education
1 076
47
52
9 months
Fiscal 2008
1 139
51
61
Organic Growth
(1)
+11,3%
+14,0%
+20,7%
TOTAL 1 175 1 251 +11 ,8%
(1) Organic growth : increase in revenue at constant consolidation scope and exchange rates
www.sodexo.com I 8/12

Annex 3: Selection of new clients
Food & Facilities Management services
North America
Business & Industry
Blue Cross & Blue Shield of Florida – Medicare, Jacksonville, Florida (2,000 employees, Food and
Facilities Management services); The Aerospace Corporation, El Segundo, California (6,500
employees, Foodservices and Vending)
Healthcare and Seniors
Driscoll Children’s Hospital, Corpus Christi, Texas (180 beds, Foodservices); Clarian Arnett
Hospital, Lafayette, Indiana, (300 beds, Food and Facilities Management services); Manatee
Memorial Hospital, Bradenton, Florida (300 beds, Foodservices); St. Vincent Catholic Medical
Center, New York City, New York (890 beds, Facilities Management services); St. Lukes Hospital,
Jacksonville, Florida (110 beds, Facilities Management services); Saint Mary Home, West Hartford,
Connecticut (400 beds, Food and Facilities Management services)
Education
Georgia Gwinnett College, Lawrenceville, Georgia (790 students, Foodservices); University of
Arkansas, Fort Smith, Arkansas (6,610 students, Foodservices); Alcorn State University, Alcorn
State, Missouri (2,700 students, Foodservices); Millard Public Schools, Omaha, Nebraska (34
schools, 30,000 students, Foodservices); Keller Independent School District, Keller, Texas (32
schools, 19,000 students, Foodservices); Floresville Independent School District, Floresville,
Texas (6 schools, 3,600 students, Foodservices); Richland School District, Richland, Washington
(14 schools, 9,000 students, Foodservices)
Continental Europe
Business & Industry
General Motors, Belgium (1,150 meals/day, Foodservices); BNP Paribas Les Grands Moulins de
Pantin, France (3,450 meals/day, Foodservices); Crédit Agricole Ile-de-France, France (825
meals/day, Foodservices); Sagem SA, France (900 meals/day, Foodservices); Toyota Motor
Manufacturing, France (850 meals/day, Foodservices); Braun AG Marktheidenfeld, Germany
(1,500 employees, Foodservices); Step Stuttgarter Engineering Park Gmbh, Germany (2,000
employees, Foodservices); Martinair, The Netherlands (300 employees, Foodservices); Vasakronan-
Samhall, Sweden (1,850 meals/day, Foodservices); Volvo Group, Sweden (4,000 meals/day,
Foodservices)
Sports & Leisure
Camping Océliances, France (capacity of 540 camping lots, Foodservices); Monastère Clarisses,
France (Foodservices); Zoo de Doué, France (1,200 meals/day employees, Foodservices)
Defense
EPIDE, France (2 sites, 320 meals/day, Foodservices)
www.sodexo.com I 9/12

Healthcare and Seniors
Sanatorium Hera, Austria (560 employees, Foodservices); CASIP COJASOR, France (300
meals/day, Foodservices); Clinique des Franciscaines, France (250 meals/day, Food and Facilities
Management services); Clinique du Bien Naître, France (120 meals/day, Foodservices); Clinique
Saint-Damien, France (220 meals/day, Foodservices); Croix Rouge MAS – Foyer de l’Escarene,
France (120 meals/day, Foodservices); Fondation Caisses d’épargne pour la Solidarité –
Résidence les Champs, France (280 meals/day, Foodservices); Internat du CHU de Bordeaux –
Foyer Léo Saignat, France (285 meals/day, Foodservices); Médipole Saint Roch, France (360
meals/day, Foodservices); Maison de retraite Sainte-Marie, France (190 repas/jour, Foodservices);
Maison de retraite Notre Dame du Blauberg, France (Foodservices); Ospedale di Mestre, Italy (2
sites, 680 beds, Food and Facilities Management services); Orbis Medical Park, The Netherlands
(350 beds, Foodservices); Saint Philadephia – Stella Marris, The Netherlands (Foodservices)
Education
Espoon Kaupunki Koulut, pk ruoka Ryhmä A, Finland (6,680 meals/day, Foodservices); Ville
d’Amiens, France (7,520 meals/day, Foodservices); Collège Sainte-Marie Saint-Justin, France
(800 meals/day, Foodservices); Collège et lycée Sainte-Marie de Neuilly-sur-Seine, France (750
meals/day, Foodservices); University of Norrköping, Sweden (Facilities Management services); City
of Linköping, Sweden (Foodservices)
Remote Sites
Schlumberger Tyumen, Russia (1,200 consumers, Food and Facilities Management services);
Seafox Contractors, The Netherlands (2 sites, 215 consumers, Food and Facilities Management
services)
Business & Industry
United Kingdom and Ireland
Jacobs Engineering Ltd, Immingham (600 employees, Foodservices); Transport for London,
London (4 sites, 3,000 employees, Foodservices); J. Sainsbury Distribution Centre, Sherburn
(1,000 employees, Foodservices); J&E E Davy, Dublin, Ireland (350 employees, Foodservices);
Montupet UK Ltd, Belfast, Ireland (650 employees, Foodservices)
Sports & Leisure
Southwark Cathedral, London (20,000 visitors/year, Foodservices)
Defense
RAF Lyneham, Lyneham (1,200 consumers, Food and Facilities Management services); Portsmouth
Navy Base, Portsmouth (3,000 consumers, Food and Facilities Management services)
Healthcare and Seniors
Staffordshire Combined Services, Staffordshire (6 sites, Foodservices); Wolverhampton PCT,
Wolverhampton (2 sites, 240 beds, Foodservices)
www.sodexo.com I 10/12

Education
Exeter Deaf Academy, Exeter (80 pupils, Food and Facilities Management services); The Reading
School, Reading (879 pupils, Foodservices); Clongowes Wood College, County Kildare, Ireland
(450 students, Foodservices)
Rest of the World
Business & Industry
GSK R&D Center, China (230 employees, Facilities Management services); Schaeffler Co. Ltd.,
China (1,200 employees, Foodservices); Four-Points by Sheraton, China (600 employees,
Foodservices); DSM Limited, China (500 employees, Foodservices); BASF Chemicals Co. Ltd.,
China (300 employees, Foodservices); Citrix, India (3 sites, 340 employees, Food and Facilities
Management services); Hindustan Unilever Ltd., India (650 employees, Food and Facilities
Management services); Vodafone, India (210 employees, Food and Facilities Management services);
Tetra Pak Asia, Singapore (600 employees, Foodservices)
Healthcare and Seniors
Hospital Santos Dumont, Brazil (500 consumers, Foodservices); Hospital San Paolo, Brazil (900
consumers, Food and Facilities Management services); Buraimi Hospital, Oman (90 consumers,
Food and Facilities Management services)
Remote Sites
Ausco Building Systems Pty, Australia (250 consumers, Food and Facilities Management services);
Rawabi Dalma Co. Ltd., Saudi Arabia (7 sites, 550 consumers, Food and Facilities Management
services); Barclay Mowlem PTY, Saudi Arabia (420 consumers, Food and Facilities Management
services); Dyncorp International, United Arab Emirates (500 consumers, Foodservices); Dubaï
Waterfront Al Nakheel Services, United Arab Emirates (1,000 consumers, Foodservices)
www.sodexo.com I 11/12

EUROPE:
Service Vouchers and Cards
Poland: Anwil (Gift Pass, 2,500 vouchers); Zaklady Chemiczne police (Gift Pass, 2,900
beneficiaries)
Slovakia: Unicredit Bank (Meal & Gift Pass, 1,300 beneficiaries)
Belgium: ILC (Meal Pass, 1 620 beneficiaries); ING (Lesiure Pass, 11,000 vouchers); Leonidas (Meal
Pass, 308 beneficiaries)
France: CRIT (Meal Pass, 800 beneficiaries)
Italy: Neos Banca Gruppo Intesa San Paolo (Meal Pass, 600 beneficiaries)
Spain: Swatch Group (Meal Pass, 95 beneficiaries)
LATIN AMERICA:
Argentina: Municipality of Almirante Brown (Assistance, 7,963 beneficiaries)
Brazil: Agencia de Defesa agropecuaria do Estado Pará (Food Pass, 1,963 beneficiaries);
Terracom (Food Pass, 1,199 beneficiaries)
Mexico: Fondo de Garantia y Fomento para le Agricultura (Food Pass); Johnson & Johnson
(Food Pass)
Peru: Alcatel Lucent (Incentive Pass, 700 beneficiaries); Scotiabank (Incentive Pass, 3,500
beneficiaries)
Venezuela: Makro (Food Pass, 3,158 beneficiaries)
ASIA:
China: Autodesk (Gift Pass, 1,530 vouchers)
India: 24/7 Customer (Meal Pass, 1,870 beneficiaries); PTC (Meal Pass,
1,175 beneficiaries)
Philippines: East West Bank (Gift Pass, 1,000 vouchers)
www.sodexo.com I 12/12