Sodexo, the French food services company set to provide meals at this summer’s Olympic Games in Paris, anticipates healthy growth in 2024 following a reported profit increase of over 15 percent last year.
As one of the world’s largest providers of meals in company canteens and school cafeterias, the company anticipates revenue growth to reach the upper end of a 6-to-8 percent range. This expansion is fueled by both the acquisition of new clients and an increase in service prices.
The company reported a 15.4 percent increase in net profit to 427 million Euros (USD 460 million) last year, alongside a 4.5 percent uptick in sales to 12.1 billion.
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Sophie Bellon, the Chief Executive, highlighted that Sodexo has benefitted from companies enhancing their food offerings as a tactic to entice employees back to the office post the Covid-19 pandemic.
She remarked, “Despite the prevalence of remote work, companies are adamant about their employees returning in person and are prepared to furnish them with top-tier amenities.”
Sodexo mentioned that it is close to completing its recruitment drive for the summer Olympics. The company plans to employ 6,000 individuals for the games and has already filled 85 percent of the positions with a mix of internal and external candidates.
Each day, around 1,000 individuals will be on duty at the athletes’ village, where Sodexo will cater up to 40,000 meals daily. The games are scheduled from July 26 to August 11, followed by the Paralympic Games.
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