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Sodexo Q1 Fiscal 2025 Revenues: a soft start to the year, as expected
GlobeNewswire· 2025-01-07 06:00
Revenue Performance - Q1 Fiscal 2025 consolidated revenues reached 6 4 billion euros, up +1 9% year-on-year, with organic growth of +4 6% [5][16] - Organic growth was driven by Food services, which grew +5 7%, while FM services grew +2 4% or +3 5% excluding last year's Rugby World Cup ticketing activity [18] - Underlying organic growth, adjusted for the Rugby World Cup and Paralympics, was +4 9% [17] Geographic Performance - North America achieved organic growth of +5 9%, driven by strong performance in Sodexo Live! and Corporate services, though Education was impacted by lower university volumes [6][20] - Europe grew +2 0% organically, or +2 7% excluding sporting events, with Healthcare & Seniors showing positive momentum [8][25] - Rest of the World grew +6 4% organically, led by robust growth in India, Brazil, and Australia, while China showed gradual recovery [6][30] Segment Performance - Sodexo Live! in North America grew +24 8%, driven by increased attendance at conference centers, stadiums, and airline lounges [22] - Healthcare & Seniors in Europe grew +7 4%, supported by volume growth and price revisions [28] - Business & Administrations in Rest of the World grew +6 0%, with strong performance in India and Australia [31] Strategic Initiatives - The company completed the acquisition of CRH Catering, strengthening its InReach offering on the U S East Coast [8] - Sodexo continues to advance its sustainability goals, including the Sustainable Food Barometer and the Cook For Change challenge [8] - The company is assessing the carbon impact of its recipes through a partnership with Eaternity, with implementation underway in the U S and UK & Ireland [8] Financial Outlook - Full-year guidance for Fiscal 2025 is maintained, with organic revenue growth expected between +5 5% and +6 5% [9] - Underlying operating profit margin is anticipated to grow by +30 to +40 bps at constant exchange rates [9] Leadership Changes - Anna Notarianni, Group Chief Impact Officer, left the company after 26 years, with her responsibilities integrated into Marc Rolland's role [8] - Dominique Guilhem was appointed Group Chief Strategy Officer, joining the Sodexo Leadership Team [8]
Sodexo - Monthly disclosure on share capital and voting rights on December 31, 2024
GlobeNewswire· 2025-01-06 16:50
Regulated information Issy-les-Moulineaux, January 6, 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 **December 31, 2024147,454,887216,692,568218,518,081 * Actual voting rights: ...
Sodexo: Combined Shareholders’ Meeting of December 17, 2024
GlobeNewswire· 2024-12-17 17:20
Issy-les-Moulineaux, December 17, 2024 Sodexo's Annual Shareholders’ Meeting was held on Tuesday, December 17, 2024 at the Seine Musicale auditorium in Boulogne-Billancourt, chaired by Sophie Bellon, Chairwoman of the Board of Directors and Chief Executive Officer of Sodexo. Quorum was established at 85.68%, and 3,419 shareholders were present, represented or voted by correspondence. All the resolutions proposed by the Board of Directors were adopted, notably: The adoption of the financial statements for F ...
Smurfit Westrock (SW) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2024-11-20 15:55
Smurfit Westrock PLC (SW) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SW's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being t ...
Smurfit WestRock plc(SW) - 2024 Q3 - Quarterly Report
2024-11-08 11:31
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Smurfit Westrock: Bigger Opportunity To Catch
Seeking Alpha· 2024-11-06 23:32
Following the Smurfit Westrock Q3 results (NYSE: SW , OTCPK:SMFKY ) ( OTCPK:SMFTF ), we are back to comment on the company. Our investment thesis is unfolding, validating our strategic approach to this position. Our team identified the mergerBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they ...
Smurfit WestRock plc(SW) - 2024 Q3 - Quarterly Results
2024-10-30 10:40
www.smurfitwestrock.com Exhibit 99.1 Smurfit Westrock Reports Third Quarter 2024 Financial Results Dublin – October 30, 2024 – Smurfit Westrock plc (NYSE: SW, LSE: SWR) today announced the financial results for the third quarter ended September 30, 2024. Key points: · Net Sales of approx. $7.7 billion · Net Loss of $150 million, with a Net Income Margin of negative 2.0% · Adjusted EBITDA of $1,265 million, with an Adjusted EBITDA Margin of 16.5% · Continuing focus on asset optimization · Previously announce ...
Smurfit WestRock plc(SW) - 2024 Q2 - Quarterly Report
2024-08-09 10:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 333-278185 Smurfit Westrock plc (Exact name of registrant as specified in its charter) +353 1 202 7000 (Registrant' ...
Smurfit WestRock plc(SW) - 2024 Q2 - Quarterly Results
2024-07-30 20:31
Financial Performance - Net Sales for Q2 2024 were approximately $3.0 billion, a decrease of $107 million (3%) compared to Q2 2023[1][6] - Net Income for Q2 2024 was $132 million, a decrease of $135 million compared to Q2 2023[1][7] - Adjusted EBITDA for Q2 2024 was $480 million with a margin of 16.2%, compared to $556 million and 18.1% in Q2 2023[1][8] - Net sales for Q2 2024 were $2.969 billion, a decrease of 3.5% compared to $3.076 billion in Q2 2023[20] - Gross profit for Q2 2024 was $693 million, down 12.1% from $788 million in Q2 2023[20] - Net income attributable to common stockholders for Q2 2024 was $132 million, a 50.6% decrease from $267 million in Q2 2023[20] - Consolidated net income for the six months ended June 30, 2024, was $323 million, compared to $548 million in the same period in 2023[26] - Adjusted EBITDA for the six months ended June 30, 2024, was $955 million, compared to $1.157 billion in the same period in 2023[33] - Adjusted EBITDA margin for the six months ended June 30, 2024, was 16.2%, down from 18.3% in the same period in 2023[33] - Net income margin for the six months ended June 30, 2024, was 5.5%, compared to 8.7% in the same period in 2023[33] - Net income for the twelve months ended June 30, 2024, was $601 million, compared to $826 million for the twelve months ended December 31, 2023[34] - Adjusted EBITDA for the twelve months ended June 30, 2024, was $1,926 million, down from $2,128 million for the twelve months ended December 31, 2023[34] Segment Performance - Corrugated volume growth was 3.1% in Q2 2024, with 3.5% growth in Europe and 1.5% in the Americas year-on-year[4] - Europe segment net sales for Q2 2024 were $2.207 billion, a 6.1% decline from $2.350 billion in Q2 2023[22] - The Americas segment net sales for Q2 2024 increased 5.0% to $762 million from $726 million in Q2 2023[22] - Europe segment Adjusted EBITDA margin for Q2 2024 was 16.1%, down from 18.4% in Q2 2023[22] - The Americas segment Adjusted EBITDA margin for Q2 2024 was 19.2%, slightly lower than 19.3% in Q2 2023[22] Cash Flow and Liquidity - Net cash provided by operating activities increased by $33 million (11%) to $340 million in Q2 2024 compared to Q2 2023[13] - Adjusted Free Cash Flow for Q2 2024 was $186 million, compared to $83 million in Q2 2023[14] - Net cash provided by operating activities for the six months ended June 30, 2024, was $382 million, down from $570 million in the same period in 2023[26] - Free Cash Flow for the three months ended June 30, 2024, was $163 million, up from $83 million for the same period in 2023[36] - Adjusted Free Cash Flow for the three months ended June 30, 2024, was $186 million, compared to $83 million for the same period in 2023[36] - Net cash provided by operating activities for the three months ended June 30, 2024, was $340 million, compared to $307 million for the same period in 2023[36] Debt and Leverage - Total borrowings amounted to $6,432 million at June 30, 2024, compared to $3,747 million at December 31, 2023[15] - Net debt was $3,107 million at the end of June 2024, resulting in a net leverage ratio of 1.6x compared to 1.3x at the end of December 2023[15] - Additions to debt for the six months ended June 30, 2024, were $2.812 billion, significantly higher than $69 million in the same period in 2023[26] - Net Debt as of June 30, 2024, was $3,107 million, up from $2,747 million as of December 31, 2023[37] - Net Leverage Ratio as of June 30, 2024, was 1.6x, compared to 1.3x as of December 31, 2023[37] Capital Expenditures and Investments - Capital expenditures for the six months ended June 30, 2024, were $385 million, compared to $459 million in the same period in 2023[26] - Capital expenditures for the three months ended June 30, 2024, were $177 million, down from $224 million for the same period in 2023[36] Transaction and Corporate Updates - Smurfit Westrock completed its transaction with WestRock on July 5, 2024, and listed on the NYSE on July 8, 2024[5] - Smurfit Westrock's credit rating is BBB/BBB/Baa2 from S&P, Fitch, and Moody's respectively[1] - Transaction-related expenses associated with the Combination for the twelve months ended June 30, 2024, were $161 million, up from $78 million for the twelve months ended December 31, 2023[34] Balance Sheet and Assets - Cash and cash equivalents increased to $3.325 billion as of June 30, 2024, up from $1.000 billion at December 31, 2023[24] - Total assets grew to $16.232 billion as of June 30, 2024, compared to $14.051 billion at December 31, 2023[24] - Total liabilities increased to $10.291 billion as of June 30, 2024, from $7.877 billion at December 31, 2023[24] - Cash, cash equivalents, and restricted cash at the end of June 30, 2024, were $3.325 billion, up from $668 million at the end of June 30, 2023[26] Expenses and Other Financial Metrics - Cash paid for income taxes, net of refunds, for the six months ended June 30, 2024, was $79 million, compared to $187 million in the same period in 2023[26] - Share-based compensation expense for the six months ended June 30, 2024, was $31 million, compared to $36 million in the same period in 2023[26] - Pension expense (excluding current service cost) for the twelve months ended June 30, 2024, was $68 million, compared to $49 million for the twelve months ended December 31, 2023[34]
Smurfit WestRock plc(SW) - 2024 Q1 - Quarterly Report
2024-06-07 20:10
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SMURFIT WESTROCK LIMITED (Exact Name of Registrant as Specified in Its Charter) Ireland (State or other jurisdiction of incorporation or organizatio ...