Sodexo Unveils Shift & Grow 2030: Targeting Growth and Margins Beyond 5%

A Plan Structured Around Three Pillars and Two Temporal Phases

Sodexo organizes its roadmap around three axes. The first aims to rebuild the growth engine by enhancing customer proximity, account management, and price competitiveness, with North America as the main priority. The second pillar focuses on simplifying and standardizing the operational model to increase efficiency and coherence. The third involves evolving the performance culture through leadership, talent management, and incentive systems. The implementation follows a two-stage trajectory. The fiscal years 2026 and 2027 are focused on restoring competitiveness and strengthening commercial capabilities. From 2028, the group plans to accelerate growth, enhance margins, and improve return on investment. Significant investments in technology, data, and artificial intelligence are expected to support these ambitions.

Progressive Financial Targets Until 2030

By 2027, Sodexo forecasts an internal revenue growth of +2% to +3%, with an operating margin between 3.2% and 3.4%, reflecting continued investments in operational capabilities. By 2030, the group targets an internal growth exceeding +5%, including a net development impact above +3%, and an operating margin above 5%. To finance this transformation, Sodexo anticipates approximately 100 million euros in annual recurring operational expenses and about 1 billion euros in non-recurring investments between 2026 and 2030, aimed at technology, procurement, and organizational transformation. Capital expenditures are expected to represent 2.5% to 3.0% of revenue.

A Framed Capital Allocation Policy

The group maintains a balanced shareholder return policy with a dividend payout ratio of 50%, while preserving its investment capacity. Sodexo considers targeted and complementary acquisitions to enhance its expertise and expand in priority markets, under strict financial discipline. Maintaining an 'investment grade' credit rating remains the goal to ensure financial flexibility and access to attractive financing conditions.