Sodexo’s UK and Ireland chairman, Sean Haley, has shared his views on its FY12 Full Year Group Results.
Overall, there was an increase in activity and performance. The results found:
– Revenue trend improved quarter by quarter, +18.1% in H2
– H2 UOP margin +20bps versus guidance at constant rate
– High cash conversion, net debt ratio at 1.7 back in target range of 1-2
Sean Haley (pictured), chairman, Sodexo UK and Ireland, said: “Sodexo UK & Ireland has had a strong year and some significant successes despite trading still below pre-pandemic levels. We have seen a steady flow of contract wins, particularly in areas hit hardest by lockdown, such as schools and our sports and leisure business, Sodexo Live! We won prestigious new business with Oundle School and extended our contract in the newly refurbished Hampden Park, the home of Scottish football. We were delighted to help the Government with test events and opening back up the experiences that we know people love – Royal Ascot, Henley Royal Regatta and the Chelsea Flower Show.
“We were also proud to continue supporting the Government’s ongoing response to Covid-19 and are now the largest provider of test centres in the UK and operate the only network of assisted testers in England and Scotland, providing tests for those who have mobility and disability issues, and at events such as the G7 and the forthcoming COP26.”
He added: “Our financial results are one indicator of our businesses’ health, but our social impact is just as significant. What stands out for me is how we have reduced food waste significantly using WasteWatch powered by Leanpath. This programme is now at 229 client sites and has prevented over 280 tonnes of food waste. Sodexo UK & Ireland has also set an ambitious and comprehensive roadmap to net zero by 2045. We have committed to being carbon neutral in our direct operations by 2025 and to reduce carbon emissions by 55% by 2030 across all three scopes, which has been validated by the Science Based Target initiative.
“However, our approach is about using our scale and position to make business decisions that help not only our people, but the communities in which we operate. We have now gifted more than one million pounds of our apprenticeship levy and are one of the first companies to capture and analyse employee demographics as recommended by the Social Mobility Commission and Purpose Coalition. This year, we became the first hospitality and FM company to publish ethnicity pay gap data.
“All this is thanks to the hard work, commitment and professionalism of our people, and the support of our valued clients, suppliers, and partners.”
