Sodexo S/Adr (SDXAY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thank you for joining us for our Q3 fiscal 2026 revenues call. I'm Juliette Klein, head of investor relations. With me on the call today is Sebastien De Tramasure, our CFO, to take us through the presentation. After Sebastien's remarks, we will open the line to take your questions. If you have additional questions after the call, please don't hesitate to reach out to the IR team. Before we start, I would also like to remind you that we will be hosting our investor update on July 16th. With that, I now hand over to Sebastien. Thank you, Juliette. Good morning, everyone, and thank you for joining us today. So I will start with a brief overview of our third quarter performance and our updated outlook for the year before opening the call for your questions. And as usual, the appendix includes the detailed segment breakdown by geography, as well as the nine-month performance for those of you who would like to see the year-to-date view. In the first quarter of fiscal 2026, Solexo delivered revenue of 6.2 billion euros, with organic revenue growth of 2% above our expectations. Reported revenue growth included a negative currency effect of 2.5%, mainly due to the depreciation of the US dollar, while acquisitions contributed to 1.4%, mainly from Grupo Mediterranea. So now looking at third quarter performance by geography. In North America, organic growth was minus 0.1% or plus 2.2%, excluding the effect of the contract reclassification we discussed at our fiscal H1. Healthcare and seniors continued to perform well. Solexolide exceeded expectations driven by a busy events calendar, and many more. Beyond attendance, we also saw higher spend uplift, reflecting the success of our offerings, innovative concepts, brand partnerships across the portfolio. ...