First half Fiscal 2026 results: reset in motion with first management actions; full-year guidance updated

About this update from Sodexo Sa

[{"type":"image","alt":"Sodexo SA","displaySize":"","headline":null,"caption":"Sodexo SA","className":"","disableSlideshowImg":false,"size":{"original":{"width":158,"height":46,"url":"https://media.zenfs.com/en/globenewswire.com/5c03742977bd5aa01f981a06d4755928"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/o6_k4XooiW.NuWTngz72JA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTYx/https://media.zenfs.com/en/globenewswire.com/5c03742977bd5aa01f981a06d4755928","width":158,"height":46}},"lazy":false},{"type":"text","content":"Issy-les-Moulineaux, April 10, 2026 (7am) Sodexo (Euronext Paris FR 0000121220-OTC: SDXAY)","length":90,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Organic revenue growth of +1.7% ","length":31,"tagName":"p"}]},{"val":[{"type":"text","content":" Underlying operating profit margin of 3.7%, down -140 bps at constant currencies, impacted by both execution challenges and first management actions ","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":" Revised full year Fiscal 2026 guidance reflecting prevailing operating conditions: ","length":82,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Organic revenue growth between +0.5% and +1% ","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":" Underlying operating profit margin between 3.2% and 3.4% ","length":56,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":100,"olType":false}]},{"val":[{"type":"text","content":" Roadmap and mid‑term ambition to be presented at an Investor update in Paris on July 16, 2026 ","length":93,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":454,"olType":false},{"type":"text","content":"At the Board of Directors meeting held on April 9, 2026, chaired by Sophie Bellon, the Board approved the consolidated financial statements for the First half Fiscal 2026 ended February 28, 2026.","length":195,"tagName":"p"},{"type":"text","content":" First half Fiscal 2026 key figures ","length":34,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:48%;width:48%;min-width:48%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(in million euros)","length":18,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2026 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2025 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE AT CONSTANT CURRENCIES ","length":31,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Revenues","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"12,017","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"12,475","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(3.7%)","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.6%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Organic revenue growth","length":22,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.7%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+3.5%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT ","length":27,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 442 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 651 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (32.1%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (26.5%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT MARGIN ","length":34,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 3.7% ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 5.2% ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -150bps ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -140bps ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Other operating income & expenses","length":37,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(130)","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(71)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" OPERATING PROFIT ","length":16,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 312 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 580 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (46.2%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (42.9%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Net financial expense","length":21,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(64)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(40)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Tax charge","length":10,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(64)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(105)","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Effective tax rate (1) ","length":21,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"25.9%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"19.5%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" GROUP NET PROFIT (2) ","length":19,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 188 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 434 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (56.7%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (54.1%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Basic EPS (in euros)","length":20,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1.29","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2.98","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" GROUP UNDERLYING NET PROFIT ","length":27,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 285 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 450 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (36.7%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (31.3%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Basic underlying EPS (in euros)","length":31,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1.96","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"3.08","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(36.5%)","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":642},{"type":"text","content":"(1) ETR based on pre-tax profit excluding share of profit from equity method of 246 million euros in First half Fiscal 2026 and 537 millions euros in First half Fiscal 2025. (2) Profit attributable to non-controlling interests were a negative 1 million euros in First half Fiscal 2026 and a positive 5 million euros in First half Fiscal 2025.","length":342,"tagName":"p"},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"text","content":" Thierry Delaporte, Chief Executive Officer of Sodexo,  said: ","length":64,"tagName":"p"},{"type":"text","content":" “My first priority as CEO has been to take a clear and objective view of where we stand and how we move forward. ","length":112,"tagName":"p"},{"type":"text","content":" I am convinced that Sodexo has strong and differentiated assets in an attractive and resilient industry. The engagement of our people, the pride they take in serving clients every day, and the depth of expertise they bring on the ground are a real strength. ","length":257,"tagName":"p"},{"type":"text","content":" That said, we have undeniably underperformed the market and our main competitors. The root causes have been building over time and relate primarily to under-investment and execution: commercial intensity, decision-making and prioritization, and consistency in delivery. ","length":269,"tagName":"p"},{"type":"text","content":" We have conducted a thorough review of our contracts and assets, with short-term financial implications reflected in both our first-half results and in the revised outlook we are setting for Fiscal 2026. This is deliberate and necessary to rebuild a powerful growth engine and restore Group competitiveness at scale. ","length":316,"tagName":"p"},{"type":"readMore"},{"type":"text","content":" While we know this will not be an overnight fix, we are moving with a strong sense of urgency on our action plan to restore growth. We have been making significant leadership changes and simplifying the organizational structure in order to accelerate decision-making and raise accountability standards. The entire Sodexo organization is shifting gears, and we are seeing early positive signals. ","length":394,"tagName":"p"},{"type":"text","content":" We will outline our roadmap and share our mid-term ambition at an Investor update to be held in July." ","length":107,"tagName":"p"},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"text","content":" Highlights of the period ","length":24,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First half Fiscal 2026 consolidated revenues were at 12.0 billion euros, down -3.7% year-on-year due to a negative foreign exchange effect of -5.3% mainly driven by the US dollar. Based on current spot rates, these currency headwinds are expected to progressively ease in the second half, subject to market conditions.","length":318,"tagName":"p"}]},{"val":[{"type":"text","content":"The impact of acquisitions and disposals was not material in the first half, as the acquisition of Grupo Mediterránea was completed at the very end of February and will contribute more meaningfully in the second half.","length":217,"tagName":"p"}]},{"val":[{"type":"text","content":" Organic revenue growth was +1.7% in the first half.","length":51,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Pricing contributed around +2.4%.","length":33,"tagName":"p"}]},{"val":[{"type":"text","content":"Like-for-like volume growth was around +0.2%, with active cross‑selling in US Healthcare, and a strong comparable in Sodexo Live! in the first half of last year.","length":161,"tagName":"p"}]},{"val":[{"type":"text","content":"Net new business was at around -0.6%, reflecting prior‑year contract losses, mainly in Education and Corporate Services, particularly in North America.","length":151,"tagName":"p"}]},{"val":[{"type":"text","content":"Organic growth was also impacted by a -0.3% effect from a contract reclassification in North America Business & Administrations, following a renegotiation and renewal. The annualized impact of this reclassification is around -100 basis points at Group level with a greater impact in the second half of 2026.","length":311,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":656,"olType":false}]},{"val":[{"type":"text","content":"Food services grew at +0.8% organically, affected by past Education contract losses, while FM services delivered +3.6% growth, driven by new contract ramp‑ups in Europe and Rest of the World.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":" Organic growth by geography for the First half:","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"North America: -1.8%, mainly reflecting contract losses in Education and Business & Administrations and, to a lesser extent, changes in scope on certain contracts, alongside the one‑off contract reclassification effect. Healthcare & Seniors continued to deliver strong growth driven by new contracts, while Sodexo Live! was softer due to strong prior‑year comparables.","length":376,"tagName":"p"}]},{"val":[{"type":"text","content":"Europe: +2.8%, supported by Healthcare & Seniors and strong Sodexo Live! activity across airport lounges and events, while Education remained softer.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Rest of the World: +9.2%, driven by new contract ramp‑ups and strong underlying dynamics notably in India, Australia and Brazil.","length":128,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":657,"olType":false}]},{"val":[{"type":"text","content":" Underlying operating profi t was 442 million euros, down -32.1% year-on-year. The underlying operating profit margin declined by -140 basis points at constant currencies to 3.7%, reflecting operational challenges and mix effects, lower operating leverage linked to softer growth dynamics and the acceleration of investments to strengthen execution. It also reflects the effects of the review of contracts and assets, including specific contract‑related provisions, in the light of their actual performance and current market conditions.","length":535,"tagName":"p"}]},{"val":[{"type":"text","content":" Other operating income & expenses amounted to -130 million euros, compared to -71 million euros in the prior year. The increase mainly reflects restructuring and rationalization costs linked to organizational changes, leadership adjustments and transformation projects. The current year also includes specific items relating to asset and footprint rationalization decisions, as well as pension-related items.","length":412,"tagName":"p"}]},{"val":[{"type":"text","content":" Operating profit came in at 312 million euros, compared to 580 million euros in the prior year, reflecting lower underlying operating profit and year-on-year differences in Other operating income and expenses.","length":209,"tagName":"p"}]},{"val":[{"type":"text","content":" Net financial expense amounted to 64 million euros, compared with 40 million euros in the prior year, mainly reflecting a higher blended cost of debt following the issuance of US dollar bonds in May 2025.","length":204,"tagName":"p"}]},{"val":[{"type":"text","content":" The Effective tax rate was 25.9%. In comparison, the effective tax rate for the prior-year was 19.5%, mainly impacted by the updated risk relating to the tax audit at Sodexo S.A., following the end of the proceedings during this period.","length":236,"tagName":"p"}]},{"val":[{"type":"text","content":" Group net profit amounted to 188 million euros. Group underlying net profit was 285 million euros, down -36.7% year on year, reflecting lower underlying operating profit and currency impacts.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":" Free cash flow in the first half Fiscal 2026 was a negative -243 million euros, broadly stable year-on-year, reflecting seasonal working capital patterns and higher capital expenditure, notably one‑off client investments linked to contract renewals, as well as lower operating profit, offsetting the exceptional tax outflow recorded in the prior year.","length":351,"tagName":"p"}]},{"val":[{"type":"text","content":" Net M&A expenditure totaled 256 million euros, mainly reflecting the acquisition of Grupo Mediterránea in Spain, completed on February 28, 2026, alongside smaller bolt‑on acquisitions in Europe.","length":198,"tagName":"p"}]},{"val":[{"type":"text","content":" Net debt stood at 3.6 billion euros, corresponding to a net debt to EBITDA ratio of 2.7x. This reflects the typical seasonality of cash flow in the first half, as well as a lower EBITDA base. Sodexo expects a seasonal improvement in net debt in the second half. However, considering the lower EBITDA level implied by the revised full‑year Fiscal 2026 guidance, the Group now expects to end Fiscal Year 2026 with a net debt to EBITDA ratio above its target range of 1-2x. ","length":470,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":4943,"olType":false},{"type":"text","content":" Commercial activity 1 ","length":20,"tagName":"p"},{"type":"text","content":"At February 28, 2026, on a last‑twelve‑months basis, retention stood at 93.4%, compared to 94.0% at the end of Fiscal 2025 and development (excluding cross-selling) at 5.3%, compared to 5.7% at the end of Fiscal 2025. 1 Retention and new signings are based on annualized revenue of contracts gained or lost during the period, irrespective of contract dates. ","length":358,"tagName":"p"},{"type":"text","content":" Sustainability highlights ","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sodexo is deploying its Better Tomorrow 2028 roadmap to firmly anchor sustainability as a driver of operational excellence and long‑term value creation for its clients, supporting them in achieving their own sustainability ambitions.","length":233,"tagName":"p"}]},{"val":[{"type":"text","content":"In 2026, Sodexo was again included in the S&P Global Sustainability Yearbook, reflecting the consistency of its sustainability commitments and the progress achieved across environmental, social and governance criteria. In addition, Sodexo was recognized in 2026 as one of the World’s Most Ethical Companies ® by Ethisphere, for the third consecutive year.","length":358,"tagName":"p"}]},{"val":[{"type":"text","content":"Sodexo teams, especially Sodexo chefs, continue to push the boundaries of sustainable cuisine. Their passion and creativity was demonstated at the 2026 fourth edition of its international sustainable chef challenge Cook for Change! Grand Finale, where they showcased innovative, healthy and sustainable dishes that deliver real value for clients and consumers.","length":360,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":951,"olType":false},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"text","content":" Governance ","length":10,"tagName":"p"},{"type":"text","content":"Since February 19, 2026, Sodexo has a new global Executive Team, reflecting a simplified leadership structure designed to streamline decision‑making, strengthen proximity to operations and reinforce execution focus. It is composed as follows:","length":242,"tagName":"p"},{"type":"text","content":" Thierry Delaporte , Group Chief Executive Officer, also acting as CEO North America","length":82,"tagName":"p"},{"type":"text","content":" Regional Chief Executive Officers ","length":33,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Patrick Boulier , CEO Latin America","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":" Andrea Krewer , CEO Brazil","length":25,"tagName":"p"}]},{"val":[{"type":"text","content":" Nicolas Lannuzel , CEO Asia‑Pacific, Middle East & Africa","length":60,"tagName":"p"}]},{"val":[{"type":"text","content":" Sophie Néron‑Berger , CEO France","length":31,"tagName":"p"}]},{"val":[{"type":"text","content":" Jean Renton , CEO United Kingdom & Ireland","length":45,"tagName":"p"}]},{"val":[{"type":"text","content":" Ulf Wretskog , CEO Continental Europe","length":36,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":231,"olType":false},{"type":"text","content":" Nathalie Bellon‑Szabo, CEO Sodexo Live! Worldwide","length":49,"tagName":"p"},{"type":"text","content":" Global functions ","length":16,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":" Alice Guéhennec , Group Chief Tech, Data & Digital Officer","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":" Sébastien de Tramasure , Group Chief Financial Officer","length":53,"tagName":"p"}]},{"val":[{"type":"text","content":"Group Chief Human Resources Officer (to be appointed) ","length":53,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":167,"olType":false},{"type":"text","content":" A full presentation of the Global Executive Team members is available on the Group’s website. ","length":93,"tagName":"p"},{"type":"text","content":" Outlook ","length":7,"tagName":"p"},{"type":"text","content":"The first half reflects both ongoing execution challenges and management actions. While these actions weigh on near-term performance, they are intended to rebuild a powerful growth engine and restore competitiveness at scale.","length":225,"tagName":"p"},{"type":"text","content":"For Fiscal 2026, Sodexo now expects:","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Organic revenue growth between +0.5% and +1% (prev. +1.5% to +2.5%). The adjustment reflects weaker first‑half commercial momentum, as well as lower volumes expected in an uncertain external environment.","length":203,"tagName":"p"}]},{"val":[{"type":"text","content":"Underlying operating profit margin between 3.2% and 3.4% (prev. "slightly lower than Fiscal 2025"), reflecting softer top-line growth, execution challenges in certain areas, acceleration of investments to strengthen execution, and the impact of the review of contracts and assets.","length":290,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":493,"olType":false},{"type":"text","content":"In addition, reflecting the level of Other operating income and expenses already recorded in the first half, and based on the ongoing review of contracts and assets, Sodexo now expects Other operating income and expenses in Fiscal 2026 to amount to around -300 million euros.","length":275,"tagName":"p"},{"type":"text","content":"Sodexo will present its execution agenda and medium‑term ambitions at its Investor update on July 16, 2026, in Paris. ","length":117,"tagName":"p"},{"type":"text","content":" Conference call ","length":15,"tagName":"p"},{"type":"text","content":" Sodexo will hold a conference call (in English) today at 9:00 a.m. (Paris time), 8:00 a.m. (London time) to comment on its First half Fiscal 2026 results. ","length":154,"tagName":"p"},{"type":"text","content":"Those who wish to connect:","length":26,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"From the UK: +44 121 281 8004, or","length":33,"tagName":"p"}]},{"val":[{"type":"text","content":"From France: +33 1 70 91 87 04, or","length":34,"tagName":"p"}]},{"val":[{"type":"text","content":"From the US: +1 718 705 8796,","length":29,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":96,"olType":false},{"type":"text","content":"Followed by the access code 07 26 13 .","length":37,"tagName":"p"},{"type":"text","content":"The live audio webcast will be available on www.sodexo.com ","length":58,"tagName":"p"},{"type":"text","content":"The press release, presentation and webcast will be available on the Group website www.sodexo.com in both the “Newsroom” section and the “Investors – Financial Results” section. ","length":177,"tagName":"p"},{"type":"text","content":" Financial calendar ","length":18,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:65%;width:65%;min-width:65%;border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Fiscal 2026 Third quarter Revenues","length":34,"tagName":"p","attribs":{}}]},{"style":"max-width:35%;width:35%;min-width:35%;border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"July 2, 2026","length":12,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Investor Update (Paris)","length":23,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"July 16, 2026","length":13,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Fiscal 2026 Annual Results","length":26,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"October 23, 2026","length":16,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":"Fiscal 2026 Annual Shareholders Meeting","length":39,"tagName":"p","attribs":{}}]},{"style":"border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"December 16, 2026","length":17,"tagName":"p","attribs":{}}]}]}],"length":180},{"type":"text","content":" These dates are indicative and may be subject to change without notice. Regular updates are available in the calendar on our website www.sodexo.com   ","length":147,"tagName":"p"},{"type":"text","content":" About Sodexo ","length":12,"tagName":"p"},{"type":"text","content":"Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the leader in Food and Services, shaping better everyday experiences at every moment in life: work, heal, learn and play. The Group stands out for its independence, its founding family shareholding and its responsible business model. With its services, Sodexo meets all the challenges of everyday life with a dual goal: to improve the quality of life of our employees and those we serve, and contribute to the economic, social and environmental progress in the communities where we operate. For Sodexo, growth and social commitment go hand in hand. Our purpose is to create a better everyday for everyone to build a better life for all. Sodexo is included in the CAC Next 20, CAC SBT 1.5, FTSE 4 Good and DJSI indices.","length":790,"tagName":"p"},{"type":"text","content":" Key figures ","length":11,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:50%;width:50%;min-width:50%;vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"24.1 billion euros Fiscal 2025 consolidated revenues","length":52,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":52,"olType":false}]},{"style":"max-width:50%;width:50%;min-width:50%;vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"43 countries (as at August 31, 2025)","length":36,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":36,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"426,000 employees (as at August 31, 2025)","length":41,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":41,"olType":false}]},{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"80 million consumers served daily","length":33,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":33,"olType":false}]}]},{"val":[{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"#2 France-based private employer worldwide","length":42,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":42,"olType":false}]},{"style":"vertical-align:top;","val":[{"type":"list","items":[{"val":[{"type":"text","content":"6.5 billion euros in market capitalization (as at April 9, 2026)","length":64,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":64,"olType":false}]}]}],"length":278},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:49%;width:49%;min-width:49%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:48%;width:48%;min-width:48%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Contacts ","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Analysts and Investors ","length":22,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" Media ","length":5,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Juliette Klein +33 1 57 75 80 27 [email protected] ","length":59,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Mathieu Scaravetti +33 6 28 62 21 91 [email protected] ","length":68,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":217},{"type":"text","content":" 1. First half Fiscal 2026 Financial Report ","length":47,"tagName":"p"},{"type":"text","content":" 1.1 H1 Fiscal 2026 performance ","length":30,"tagName":"p"},{"type":"text","content":" 1.1.1 Consolidated income statement ","length":35,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:48%;width:48%;min-width:48%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(in million euros)","length":18,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2026 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2025 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE AT CONSTANT CURRENCIES ","length":29,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Revenues","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"12,017","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"12,475","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(3.7%)","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.6%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Organic Growth","length":14,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.7%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+3.5%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT ","length":27,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 442 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 651 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (32.1%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (26.5%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT MARGIN ","length":34,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 3.7% ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 5.2% ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -150 bps ","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -140 bps ","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Other operating income & expenses","length":37,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(130)","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(71)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" OPERATING PROFIT ","length":16,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 312 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 580 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (46.2%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (42.9%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Net financial expense","length":21,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(64)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(40)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Tax charge","length":10,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(64)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(105)","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Effective tax rate (1) ","length":21,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"25.9%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"19.5%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" GROUP NET PROFIT (2) ","length":19,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 188 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 434 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (56.7%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (54.1%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Basic EPS (in euros)","length":20,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1.29","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2.98","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" GROUP UNDERLYING NET PROFIT ","length":27,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 285 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 450 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (36.7%) ","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" (31.3%) ","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Basic underlying EPS (in euros)","length":31,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1.96","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"3.08","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(36.5%)","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":634},{"type":"text","content":"(1) ETR based on Pre-tax profit excluding share of profit from equity method of 246 million euros in First half Fiscal 2026 and 537 millions euros in First half Fiscal 2025. (2) Profit attributable to non-controlling interests were a negative 1 million euros in First half Fiscal 2026 and a positive 5 million euros in First half Fiscal 2025.","length":342,"tagName":"p"},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"text","content":" 1.1.2 Revenues ","length":14,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:100%;width:100%;min-width:100%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" Revenues by geography ","length":21,"tagName":"p","attribs":{}}]}]}],"length":21},{"type":"text","content":" ","length":0,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:21%;width:21%;min-width:21%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" REVENUES (in million euros)","length":27,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2026 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2025 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ORGANIC GROWTH ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" EXTERNAL GROWTH ","length":15,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CURRENCY EFFECT ","length":15,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" TOTAL GROWTH ","length":12,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"North America","length":13,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"5,395","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"5,977","length":5,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-1.8%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+0.5%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-8.4%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-9.7%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Europe","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"4,418","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"4,336","length":5,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+2.8%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+0.2%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-1.1%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.9%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Rest of the World","length":17,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,204","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,162","length":5,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+9.2%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-2.1%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-5.2%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.9%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" GROUP TOTAL ","length":11,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 12,017 ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 12,475 ","length":6,"tagName":"p","attribs":{}}]},{"style":"vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" +1.7% ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -0.1% ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -5.3% ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -3.7% ","length":5,"tagName":"p","attribs":{}}]}]}],"length":310},{"type":"text","content":" First half Fiscal 2026 revenues totaled 12.0 billion euros, down -3.7% year-on-year with a negative foreign exchange effect of -5.3%, mainly driven by the US dollar, a net contribution from acquisitions and disposals of -0.1%, and organic revenue growth of +1.7%.","length":263,"tagName":"p"},{"type":"text","content":"Organic revenue growth was driven by pricing of around +2.4% and like‑for‑like volumes growth of around +0.2%, supported by cross‑selling in US Healthcare, despite a strong comparable in Sodexo Live! in the first half of the prior year.","length":236,"tagName":"p"},{"type":"text","content":"This was partly offset by negative net new business of around ‑0.6%, reflecting prior‑year contract losses, mainly in Education and Corporate Services, particularly in North America.","length":182,"tagName":"p"},{"type":"text","content":"Organic growth was also impacted by a ‑0.3% effect from a contract reclassification in North America Business & Administration, following the renegotiation and renewal of a contract moving from gross to net revenue recognition. The annualized impact of this reclassification is estimated at around ‑100 basis points at Group level and will therefore show a greater impact in the second half.","length":395,"tagName":"p"},{"type":"text","content":"Food Services delivered organic growth of +0.8%, impacted by prior contract losses in Education. Facilities Management Services grew organically by +3.6%, supported by the ramp‑up of new contracts, particularly in Europe and Rest of the World.","length":243,"tagName":"p"},{"type":"text","content":" Organic growth by geography in the first half of Fiscal 2026 is summarized below.","length":81,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"North America reported organic growth of ‑1.8%, mainly reflecting contract losses in Education and Business & Administration and, to a lesser extent, changes in scope on certain contracts, alongside the one‑off contract reclassification effect. Healthcare and Seniors continued to deliver strong growth driven by new contracts, while Sodexo Live! was softer due to strong prior‑year comparables.","length":399,"tagName":"p"}]},{"val":[{"type":"text","content":"Europe delivered organic growth of +2.8%, supported by Healthcare & Seniors and strong Sodexo Live! activity, while Education remained softer.","length":146,"tagName":"p"}]},{"val":[{"type":"text","content":"Rest of the World recorded organic growth of +9.2%, driven by new contract ramp‑ups and strong underlying dynamics notably in India, Australia and Brazil.","length":154,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":699,"olType":false},{"type":"text","content":" The tables below provide a detailed breakdown of organic growth by segment within each geographic zone. ","length":103,"tagName":"p"},{"type":"text","content":" North America ","length":13,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:61%;width:61%;min-width:61%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" REVENUES BY SEGMENT (in million euros)","length":38,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FY 2026 ","length":10,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FY 2025 ","length":10,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ORGANIC GROWTH ","length":14,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Business & Administrations","length":30,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,263","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,488","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-9.3%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Sodexo Live!","length":12,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"723","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"788","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+0.3%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Healthcare & Seniors","length":24,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,731","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,783","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+6.1%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Education","length":9,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,678","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,918","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-4.3%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" NORTH AMERICA TOTAL ","length":19,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 5,395 ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 5,977 ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -1.8% ","length":5,"tagName":"p","attribs":{}}]}]}],"length":237},{"type":"text","content":" Europe ","length":6,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:61%;width:61%;min-width:61%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" REVENUES BY SEGMENT (in million euros)","length":38,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FY 2026 ","length":10,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FY 2025 ","length":10,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ORGANIC GROWTH ","length":14,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Business & Administrations","length":30,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,433","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"2,390","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+2.8%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Sodexo Live!","length":12,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"311","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"319","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+1.1%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Healthcare & Seniors","length":24,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,035","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"979","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+6.4%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Education","length":9,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"639","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"648","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-1.6%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" EUROPE TOTAL ","length":12,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 4,418 ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 4,336 ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" +2.8% ","length":5,"tagName":"p","attribs":{}}]}]}],"length":224},{"type":"text","content":" Rest of the World ","length":17,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:61%;width:61%;min-width:61%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" REVENUES BY SEGMENT (in million euros)","length":38,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FY 2026 ","length":10,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FY 2025 ","length":10,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ORGANIC GROWTH ","length":14,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Business & Administrations","length":30,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,900","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"1,863","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+9.1%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Sodexo Live!","length":12,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"29","length":2,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"26","length":2,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+20.3%","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Healthcare & Seniors","length":24,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"178","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"173","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+11.5%","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Education","length":9,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"97","length":2,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"100","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+4.6%","length":5,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" REST OF THE WORLD TOTAL ","length":23,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 2,204 ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 2,162 ","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" +9.2% ","length":5,"tagName":"p","attribs":{}}]}]}],"length":232},{"type":"text","content":" 1.1.3 Underlying operating profit ","length":33,"tagName":"p"},{"type":"text","content":"First half Fiscal 2026 underlying operating profit was 442 million euros, down -32.1% year-on-year. The underlying operating margin declined by -140 bps at constant currencies to 3.7%. This decline primarily reflects operational challenges and mix effects, lower operating leverage linked to softer growth dynamics, and the acceleration of investments aimed at strengthening execution capabilities. It also reflects the outcomes of the Group's review of contracts and assets, including specific contract‑related provisions, based on actual performance and updated assumptions in the current market environment.","length":619,"tagName":"p"},{"type":"text","content":"By geography, the decline in underlying operating profit margin was more pronounced in North America, where margin decreased by approximately -200 bps at constant currencies to 5.0%. This reflects a higher concentration of operational execution challenges, accelerated investments, and the impact of the contract and asset review in the region.","length":344,"tagName":"p"},{"type":"text","content":"In Europe, underlying operating profit margin decreased by -90 bps at constant currencies to 3.3%, while in Rest of the World it declined by around -60 bps at constant currencies, also to 3.3%. In both regions, the margin evolution mainly reflects the impact of management actions related to the contract and asset review, while underlying operational performance remained broadly stable.","length":388,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:22%;width:22%;min-width:22%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(in million euros)","length":18,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT H1 FISCAL 2026 ","length":55,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE (EXCLUDING CURRENCY EFFECT) ","length":37,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT MARGIN H1 FISCAL 2026 ","length":53,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE IN MARGIN ","length":17,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" CHANGE IN MARGIN (EXCLUDING CURRENCY MIX EFFECT) ","length":52,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"North America","length":13,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"268","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-36.5%","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-29.3%","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"5.0%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-210 bps","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-200 bps","length":8,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Europe","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"147","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-21.0%","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-20.2%","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"3.3%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-100 bps","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-90 bps","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Rest of the World","length":17,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"72","length":2,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-15.3%","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-9.8%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"3.3%","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-60 bps","length":7,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"-60 bps","length":7,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Corporate expenses / HQ Costs","length":29,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(45)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+7.1%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"+7.1%","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT ","length":27,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 442 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -32.1% ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -26.5% ","length":6,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 3.7% ","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -150 bps ","length":8,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" -140 bps ","length":8,"tagName":"p","attribs":{}}]}]}],"length":497},{"type":"text","content":" 1.1.4 Net profit ","length":16,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:74%;width:74%;min-width:74%;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(in million euros)","length":18,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2026 ","length":14,"tagName":"p","attribs":{}}]},{"style":"max-width:13%;width:13%;min-width:13%;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" H1 FISCAL 2025 ","length":14,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" UNDERLYING OPERATING PROFIT ","length":27,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 442 ","length":3,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" 651 ","length":3,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Net impact related to consolidation scope changes","length":49,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"6","length":1,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(5)","length":3,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Restructuring and rationalization costs","length":39,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(56)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(41)","length":4,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Amortization of purchased intangible assets","length":43,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(17)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(17)","length":4,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"Other","length":5,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(63)","length":4,"tagName":"p","attribs":{}}]},{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:right;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":"(8)","length":3,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"border-top:solid black 1pt;border-bottom:solid black 1pt;text-align:left;vertical-align:middle;vertical-align:bottom;","val":[{"type":"text","content":" OTHER OPERATING INCOME AND EXPENSES ","length"...

View stock analysis, news, and events for Sodexo Sa