Company Overview - Sodexo, founded in 1966 in Marseille by Pierre Bellon, is a global leader in sustainable food and valued experiences across various life moments [3] - The company operates with a dual focus on improving the quality of life for employees and the communities it serves, while also contributing to economic, social, and environmental progress [3] - Sodexo is recognized for its independence, family shareholding, and responsible business model, and is included in several indices such as CAC Next 20 and FTSE 4 Good [3] Key Financial Figures - For fiscal year 2024, Sodexo reported consolidated revenues of 23.8 billion euros [5] - As of August 31, 2024, the company employed 423,000 people and served 80 million consumers daily [5] - The market capitalization of Sodexo was 11.7 billion euros as of January 6, 2025 [5] Share Capital and Voting Rights - All shares of Sodexo have the same voting rights, except for treasury shares which do not have voting rights and registered shares held for more than four years, which have double voting rights [1] - The theoretical voting rights are calculated based on shares with single or double voting rights, including treasury shares that are temporarily deprived of voting rights [2]

Financial Data and Key Metrics Changes - The company reported a strong fourth quarter performance with adjusted EBITDA of USD 1.166 billion and an adjusted EBITDA margin of 15.5% [9][29] - For the full year 2024, the combined adjusted EBITDA outcome was USD 4.706 billion, consistent with prior guidance [9][52] - Net sales for the fourth quarter exceeded USD 7.5 billion, with adjusted free cash flow of almost USD 260 million [29][71] Business Line Data and Key Metrics Changes - North America operations delivered sales of USD 4.6 billion with adjusted EBITDA of USD 710 million and an adjusted EBITDA margin of 15.4% [30][72] - EMEA and APAC division reported sales of USD 2.5 billion, adjusted EBITDA of USD 371 million, and an adjusted EBITDA margin of 14.7% [33][75] - Latin America segment achieved sales of USD 0.5 billion, adjusted EBITDA of USD 121 million, and an adjusted EBITDA margin of over 23% [35][77] Market Data and Key Metrics Changes - In North America, corrugated box pricing increased year-on-year, while box volumes remained stable [31][73] - EMEA and APAC saw box volumes increase by 1% on an absolute basis, with prices broadly unchanged [34][76] - Latin America experienced a 3% decline in box volumes on a same-day basis, primarily due to market conditions in Argentina [36][78] Company Strategy and Development Direction - The company aims to be the go-to sustainable packaging partner with a focus on innovation and efficiency [11][44] - A synergy program is expected to exceed USD 400 million, with benefits realized in the current and next year [17][60] - The company is committed to a decentralized operational model, empowering local managers with P&L responsibility [15][58] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong positioning and ability to capitalize on market opportunities [26][68] - The company anticipates delivering an adjusted EBITDA of approximately USD 1.25 billion for the first quarter of 2025 [42][83] - Management acknowledged the challenges faced in the market but emphasized the long-term growth potential of the sustainable packaging industry [47][88] Other Important Information - The company has over 100,000 employees operating in 40 countries, generating net sales of over USD 31 billion last year [12][54] - The board approved a quarterly dividend increase from USD 0.3025 to USD 0.4308 per share, reflecting a commitment to shareholder returns [39][81] - Capital expenditure for 2025 is projected to be between USD 2.2 billion and USD 2.4 billion, well ahead of depreciation [19][80] Q&A Session Summary Question: Insights on box volumes in North America and contract discussions - Management noted that the value over volume strategy has been implemented without significant negative effects on volumes, but some volume degradation is expected as core issues are addressed [92][94] Question: Feedback on price increases in the European containerboard market - Management indicated that margins in Europe have outperformed competitors despite falling paper prices, with price increases expected to be implemented [100][102] Question: Details on operational and commercial improvement opportunities - Management highlighted that many businesses were previously underselling, and by focusing on better operational practices, significant improvements are anticipated [110][112]

2024 Fourth Quarter and Full Year Results February 12, 2025 Definitions Smurfit Westrock uses the non-GAAP financial measures "Adjusted EBITDA" and "Adjusted EBITDA Margin" to evaluate its overall performance. The composition of Adjusted EBITDA is not addressed or prescribed by GAAP. Smurfit Westrock defines Adjusted EBITDA as income before income taxes, unallocated corporate costs, depreciation, depletion and amortization, interest expense, net, pension and other postretirement non-service (benefit) expens ...

Smurfit Westrock Plc (SW) has reported earnings of 28 cents per share in fourth-quarter 2024 compared with 19 cents in the year-ago quarter. Adjusted for non-recurring costs, earnings came in at 34 cents, which missed the Zacks Consensus Estimate of earnings of 68 cents. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Smurfit Westrock was formed by the merger of two major paper and packaging industry players, Smurfit Kappa and WestRock, on July 5, 2024. Results for Smurfit Westrock ar ...

Smurfit Westrock (SW) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this paper and packaging company would post earnings of $0.71 per share when it actually produced earnings of $0.48, delivering a surprise of -32.39%.Over the last four quar ...

Financial Performance - Fourth quarter Net Sales reached approximately $7.5 billion, a significant increase from $2.86 billion in the same period last year[2] - Fourth quarter Net Income was $146 million, with a Net Income Margin of 1.9%, compared to $50 million and a margin of 1.8% in the prior year[2] - Full year Net Income totaled $319 million, down from $826 million in the previous year[9] - The company reported a net income of $146 million for the three months ended December 31, 2024, compared to $50 million for the same period in 2023, representing a 192% increase[30] - For the three months ended December 31, 2024, Smurfit Westrock reported a net income of $146 million, compared to $50 million for the same period in 2023, reflecting a significant increase[37] - The company reported a net income margin of 1.0% for the combined entity, indicating a need for improved profitability measures[39] EBITDA and Margins - Adjusted EBITDA for the fourth quarter was $1,166 million, resulting in an Adjusted EBITDA Margin of 15.5%, slightly down from 15.6% in the previous year[2] - For the full year, the company reported a Combined Adjusted EBITDA of $4.7 billion, aligning with previously stated guidance[3] - The total Adjusted EBITDA for the company was $1,202 million for the three months ended December 31, 2024, compared to $483 million in the same period of 2023, reflecting an increase of about 148%[28] - Adjusted EBITDA for the twelve months ended December 31, 2024, was $3,386 million, up from $2,128 million in 2023, indicating a strong year-over-year growth[37] - Combined Adjusted EBITDA for the twelve months ended December 31, 2024, reached $4,706 million, with Combined Net Sales of $30,904 million, resulting in a Combined Adjusted EBITDA Margin of 15.2%[39] - The Adjusted EBITDA margin for the North America segment was 15.4% for the three months ended December 31, 2024, compared to 18.7% for the same period in 2023[28] - The Adjusted EBITDA Margin for the three months ended December 31, 2024, was 15.5%, slightly down from 15.6% in the same period of 2023[37] Sales Growth - Total net sales for the company were $7,638 million for the three months ended December 31, 2024, up from $2,874 million in the same period of 2023, representing a growth of approximately 165%[28] - North America segment net sales reached $4,593 million for the three months ended December 31, 2024, compared to $384 million for the same period in 2023, marking a significant increase[28] - The LATAM segment net sales increased to $524 million for the three months ended December 31, 2024, from $343 million in the same period of 2023, reflecting a growth of approximately 53%[28] Operational Efficiency and Cost Management - The synergy program is on track to deliver $400 million in savings by the end of 2025, with additional operational and commercial opportunities identified[4] - The company incurred transaction and integration-related expenses of $531 million for the twelve months ended December 31, 2024, as part of its Combination strategy[39] - Restructuring costs for the twelve months ended December 31, 2024, totaled $118 million, reflecting ongoing operational adjustments[39] Cash Flow and Liquidity - Adjusted Free Cash Flow for the three months ended December 31, 2024, was $257 million, compared to $391 million for the same period in 2023[41] - Net cash provided by operating activities for the twelve months ended December 31, 2024, was $1,483 million, down from $1,559 million in 2023[41] Company Overview - The company has approximately 100,000 employees across 40 countries, emphasizing its global reach and scale in the paper-based packaging market[14] - The company is focused on creating a performance-led culture and is optimistic about future opportunities, subject to macroeconomic and climate risks[6] Assets and Liabilities - The company's total assets increased to $43,759 million as of December 31, 2024, from $14,051 million as of December 31, 2023, showing a growth of approximately 211%[29] - The company’s total liabilities rose to $26,372 million as of December 31, 2024, compared to $7,877 million as of December 31, 2023, indicating an increase of about 234%[29] Management Perspective - Smurfit Westrock's management emphasizes the importance of non-GAAP measures like Adjusted EBITDA and Adjusted Free Cash Flow for evaluating ongoing performance and liquidity[34]

Core Viewpoint - Smurfit Westrock PLC is set to report its fourth-quarter 2024 results on February 12, 2024, with expectations of significant revenue growth driven by increased demand for corrugated packaging [1][4]. Financial Performance - The Zacks Consensus Estimate for Smurfit Westrock's revenues is $7.80 billion, reflecting a 68.8% increase compared to the same quarter last year [3]. - The earnings per share estimate stands at 67 cents, up from 20 cents year-over-year [3]. - The consensus earnings estimate has decreased by 6% over the past 30 days [3]. Market Trends - The company has benefited from a resurgence in corrugated demand in North America and Europe, which is anticipated to positively influence fourth-quarter performance [4]. - Stable demand for corrugated packaging and containerboard, particularly for essential items like food and medicines, has supported the industry [5]. - Growth in e-commerce and the rising preference for paper as a sustainable packaging solution are also favorable trends for Smurfit Westrock [5]. Cost Factors - Increased costs related to recovered fiber, labor, and distribution, especially in Europe, are expected to negatively impact margins [6]. - Merger-related costs may disrupt free cash flow margins and affect overall performance in the fourth quarter [6]. - Pricing actions and cost-saving initiatives are anticipated to mitigate some of these challenges [6]. Earnings Prediction - The current Earnings ESP for Smurfit Westrock is -13.00%, indicating a lower likelihood of an earnings beat this quarter [7]. - The company holds a Zacks Rank of 4 (Sell), suggesting a cautious outlook [8]. Stock Performance - Smurfit Westrock's shares have increased by 2.6% over the past three months, contrasting with a 1.8% decline in the broader industry [9].

The market expects Smurfit Westrock (SW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numb ...

Regulated information Issy-les-Moulineaux, February 4, 2025 Monthly disclosure on share capital and voting rights Pursuant to Article L.233-8-II of the French Commercial Code and Article 223-16 of the General Regulation of the Autorité des Marchés Financiers Registered name of the issuer: SODEXO255, quai de la Bataille de Stalingrad – 92130 ISSY-LES-MOULINEAUX DateTotal number of sharesActual voting rights *Theoretical voting rights **January 31, 2025147,454,887217,413,249218,512,432 * Actual voting rights: ...

Regulated information Issy-les-Moulineaux, January 20, 2025 Interim report on liquidity contract as of December 31, 2024 Under the liquidity contract entrusted by Sodexo to BNP Paribas Arbitrage, the following assets were booked to the liquidity account as of December 31, 2024: 25,392 shares€14,423,130 During the 2nd semester, the following were traded: Bought: 359,601 shares for €28,862,832 (4,110 transactions)Sold: 363,244 shares for €29,334,581 (4,498 transactions) As a reminder, 1 - The liquidity contra ...