Latest news with #Sodexo
Irish Independent
5 days ago
- Business
- Irish Independent
Sodexo's Irish arm records pre-tax profit increase of 44pc
Sodexo provides on-site services to clients in business, industry, education, financial, pharma, healthcare and government services. Stock image Pre-tax profits at the Irish arm of services firm Sodexo, which counts the Central Bank as one of its clients, last year increased by 44pc to €4.94m. New accounts filed by the French-owned Sodexo Ireland show the company increased profits as revenues rose by 9pc from €141.4m to €154.7m in the 12 months to the end of August last. Numbers employed by the business last year increased by 127 from 2,205 to 2,332 as staff costs increased by just under 10pc from €74.22m to €81.52m. The principal activities of Sodexo Ireland is the provision of a wide range of on-site support services to both private and public sector organisations in business, industry, education, pharma and healthcare. These include food services, infrastructure, facilities and estate management and optimising the workplace experience. The company recorded an after-tax profit of €4.16m after incurring a corporation tax charge of €778,000. The company paid out a dividend of €2.9m last November. Sodexo Ireland MD David Fox said: 'We have experienced a very positive few years in Ireland, driven by a combination of strong new business wins and key client retentions across both the public and private sectors. 'We continue to see good momentum this year, with organisations increasingly recognising the value of high-quality workplace food and facilities services to support employee experience and operational efficiency. 'Our industry, like others, has challenges such as cost inflation and talent attraction, but our focus every day is on delivering great service to our clients and supporting our people to thrive.' Quarterly purchase orders published by the Central Bank show that it paid out €2.76m, including Vat, to Sodexo Ireland in 2024. On future developments, the Sodexo directors state that 'the stability of the current portfolio enhances the capacity of the company to further grow the business by acquiring new contracts during the next financial year'. The profit last year takes account of €853,000 in non-cash depreciation and non-cash amortisation costs of €126,000. The firm had accumulated profits of €17.55m. Cash funds decreased from €15.09m to €11.83m. Shareholder funds totalled €14.04m. Sodexo Group operates in 45 countries, employing over 423,000. Led by CEO Sophie Bellon, the group recorded revenues of €23.79bn and operating profits of €1bn last year.
Yahoo
11-06-2025
- Business
- Yahoo
France Prepaid Card and Digital Wallet Market Intelligence Report 2025-2029: Corporate Integration Driving Growth, E-Commerce Boom Fuels Adoption
Integration with mobile payments and improved regulations will enhance market efficiency, promoting cashless transactions and innovation. Key players like Sodexo and Swile are leading growth through strategic partnerships and acquisitions. French Prepaid Card and Digital Wallet Market Dublin, June 11, 2025 (GLOBE NEWSWIRE) -- The "France Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to prepaid card and digital wallet market in France is expected to grow by 6.3% on annual basis to reach US$ 38.44 billion in 2025. The prepaid card and digital wallet market in the country has experienced robust growth during 2020-2024, achieving a CAGR of 10.8%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 5.3% during 2025-2029. By the end of 2029, the prepaid card and digital wallet market is projected to expand from its 2024 value of US$ 36.15 billion to approximately US$ 47.30 billion. The prepaid card market in France is evolving steadily, fueled by increased digital payment adoption, integration with mobile wallets, and corporate utilization. The growing demand for secure and flexible payment solutions, particularly in the e-commerce sector, has expanded the market. As businesses and consumers continue to embrace cashless transactions, financial institutions and fintech firms are expected to introduce more innovative prepaid card offerings tailored to specific user cards will play an increasingly prominent role in France's financial landscape, particularly as digital payment infrastructure improves. The continued rise of mobile payments and strategic partnerships between financial institutions and technology providers will further enhance the market's accessibility and efficiency. Companies prioritizing innovation, regulatory compliance, and enhanced security measures will be well-positioned to capitalize on the expanding opportunities in France's prepaid card Growth in Prepaid Card Adoption The rise of e-commerce and the increasing preference for cashless transactions have contributed to this growth. Consumers seek secure and convenient payment methods, and prepaid cards offer a controlled spending mechanism without the need for traditional bank accounts. The prepaid card market is expected to continue expanding steadily, driven by technological advancements and the growing acceptance of digital payments. Financial institutions and fintech companies will likely introduce more innovative prepaid solutions for diverse consumer needs. Integration with Digital Wallets and Mobile Payments Prepaid card integration with digital wallets and mobile payment platforms is gaining momentum in France, providing users with more flexible and convenient payment options. Major financial institutions and fintech companies are enhancing their digital offerings by linking prepaid cards to platforms such as Apple Pay, Google Pay, and Paylib. This integration allows consumers to conduct transactions seamlessly without relying on physical cards, further driving cashless payment adoption. The rise in smartphone penetration and improved internet access across France have been key factors in facilitating this shift. Consumers increasingly prefer digital wallets for their security, ease of use, and ability to centralize multiple payment methods in one application. Additionally, businesses are leveraging this trend by offering prepaid cards that integrate with digital wallets, allowing for smoother expense management and loyalty rewards. Over the next two to four years, the synergy between prepaid cards and mobile payments is expected to strengthen as technological advancements improve the security and functionality of digital transactions. More businesses and financial service providers will likely enhance their prepaid card solutions to meet the growing consumer demand for contactless and mobile payments. As regulations evolve to support digital transactions, prepaid cards will play an even more significant role in France's cashless economy. Key Players and Market Share The French prepaid card market features a mix of established financial institutions and emerging fintech companies. Prominent players include Sodexo, which has expanded its presence by acquiring French gift card startup Wedoogift. In recent years, new entrants have introduced innovative prepaid solutions to cater to evolving consumer preferences. For instance, Swile, a French startup, has developed a payment card that consolidates various employee benefits, including gift cards, into a single platform. The company raised US$ 200 million in a Series D funding round in October 2021 to support its expansion plans. Anticipated Market Evolution (Next 2-4 Years) The competitive intensity in France's prepaid card market is anticipated to increase, driven by technological advancements and evolving consumer preferences. Established players are expected to enhance their digital offerings, while new entrants may introduce innovative solutions such as cryptocurrency-based prepaid cards. Strategic partnerships and acquisitions are likely to continue as companies seek to expand their market share and diversify their product portfolios. Additionally, regulatory developments to increase transparency and reduce transaction costs influence market dynamics, encouraging competition and innovation. ScopeFrance Prepaid Payment Instrument Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Prepaid Card vs. Digital Wallet France Digital Wallet Market Size and Forecast Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Segments France Digital Wallet Market Size and Forecast by Key Segments Retail Shopping (Value, Volume, Avg. Value) Travel (Value, Volume, Avg. Value) Restaurant (Value, Volume, Avg. Value) Entertainment and Gaming (Value, Volume, Avg. Value) Recharge and Bill Payment (Value, Volume, Avg. Value) France Digital Wallet Retail Spend Dynamics Food and Grocery - Transaction Value Health and Beauty Products - Transaction Value Apparel and Foot Wear - Transaction Value Books, Music and Video - Transaction Value Consumer Electronics - Transaction Value Pharmacy and Wellness - Transaction Value Gas Stations - Transaction Value Restaurants & Bars - Transaction Value Toys, Kids, and Baby Products - Transaction Value Services - Transaction Value Others - Transaction Value France Prepaid Card Industry Market Attractiveness Load Value Trend Analysis Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards Market Share Analysis by Functional Attributes - Open Loop vs. Closed Loop Market Share Analysis by Prepaid Card Categories France Open Loop Prepaid Card Future Growth Dynamics Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards France Closed Loop Prepaid Card Future Growth Dynamics Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Number of Cards France Prepaid Card Consumer Usage Trends By Age Group By Income Group By Gender France Prepaid Card Retail Spend Dynamics Food and Grocery - Transaction Value Health and Beauty Products - Transaction Value Apparel and Foot Wear - Transaction Value Books, Music and Video - Transaction Value Consumer Electronics - Transaction Value Pharmacy and Wellness - Transaction Value Gas Stations - Transaction Value Restaurants & Bars - Transaction Value Toys, Kids, and Baby Products - Transaction Value Services - Transaction Value Others - Transaction Value France General Purpose Prepaid Card Market Size and ForecastFrance Gift Card Market Size and ForecastGift Card Market Size and Forecast by Functional Attribute By Open Loop Gift Card By Closed Loop Gift Card Gift Card Market Size and Forecast by Consumer Segments By Retail Consumer Segment By Corporate Consumer Segment Gift Card Market Share Analysis by Retail Categories Gift Card Market Share Analysis by Gifting Occasion Gift Card Market Share Analysis by Purchase Location France Entertainment and Gaming Prepaid Card Market Size and ForecastFrance Teen and Campus Prepaid Card Market Size and ForecastTeen and Campus Prepaid Card Market Size and Forecast by Functional Attribute By Open Loop Teen and Campus Prepaid Card By Closed Loop Teen and Campus Prepaid Card France Business and Administrative Expense Prepaid Card Market Size and ForecastBusiness and Administrative Expense Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment France Payroll Prepaid Card Market Size and ForecastPayroll Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment France Meal Prepaid Card Market Size and ForecastMeal Prepaid Card Market Size and Forecast by Consumer Segments By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment France Travel Forex Prepaid Card Market Size and ForecastTravel Forex Prepaid Card Market Size and Forecast by Consumer Segments By Retail By Small Scale Business Segment By Mid-Tier Business Segment By Enterprise Business Segment By Government Segment France Transit and Tolls Prepaid Card Market Size and ForecastFrance Social Security and Other Government Benefit Programs Prepaid Card Market Size and ForecastFrance Fuel Prepaid Cards Market Size and ForecastFrance Utilities, and Other Prepaid Cards Market Size and ForecastFrance Virtual Prepaid Card Industry Market Attractiveness Transaction Value Trend Analysis Transaction Volume Trend Analysis Average Value per Transaction Market Share Analysis by Key Virtual Prepaid Card Categories France Virtual Prepaid Card Market Size by Key Categories General Purpose Prepaid Card - Transaction Value Gift Card - Transaction Value Entertainment and Gaming Prepaid Card - Transaction Value Teen and Campus Prepaid Card - Transaction Value Business and Administrative Expense Prepaid Card - Transaction Value Payroll Prepaid Card - Transaction Value Meal Prepaid Card - Transaction Value Travel Forex Prepaid Card - Transaction Value Transit and Tolls Prepaid Card - Transaction Value Social Security and Other Government Benefit Programs Prepaid Card - Transaction Value Fuel Prepaid Cards - Transaction Value Utilities, and Other Prepaid Cards - Transaction Value Key Attributes: Report Attribute Details No. of Pages 159 Forecast Period 2025 - 2029 Estimated Market Value (USD) in 2025 $38.44 Billion Forecasted Market Value (USD) by 2029 $47.3 Billion Compound Annual Growth Rate 5.3% Regions Covered France For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment French Prepaid Card and Digital Wallet Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
Sodexo - Monthly disclosure on share capital and voting rights on May 31, 2025
Regulated information Issy-les-Moulineaux, June 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 Date Total number of shares Actual voting rights * Theoretical voting rights ** May 31, 2025 147,454,887 216,573,087 218,108,019 * Actual voting rights: all of the Company shares 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. ** Theoretical voting rights: the number of theoretical voting rights is calculated based on the shares having either single or double voting rights, including treasury shares which would normally be temporarily deprived of voting rights. About Sodexo Founded in Marseille in 1966 by Pierre Bellon, Sodexo is the global leader in sustainable food and valued experiences at every moment in life: learn, work, heal and play. The Group stands out for its independence, its founding family shareholding and its responsible business model. Thanks to its two activities of Food and Facilities Management 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, Bloomberg France 40, CAC 40 ESG, CAC SBT 1.5, FTSE 4 Good and DJSI indices. Sodexo Key Figures 23.8 billion euros Fiscal 2024 consolidated revenues 423,000 employees on August 31, 2024 #1 France-based private employer worldwide 45 countries (as at August 31, 2024) 80 million consumers served daily 8.5 billion euros in market capitalization (as of April 3, 2025) Attachment Monthly disclosure on share capital and voting rights May 31, 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-05-2025
- Business
- Associated Press
Sodexo Teams Up with Workplace Food-tech Platform HUNGRY, Enlists Top Chefs and Restaurants to Enhance Foodservice Options
NORTH BETHESDA, Md.--(BUSINESS WIRE)--May 30, 2025-- As return to office remains a critical focus for companies, choice dining options continue to play an important role in the attraction and retention of talent . Today, Sodexo and HUNGRY announce a new partnership aimed at meeting organizations' growing experiential needs while reflecting consumer expectations and demand. By partnering with HUNGRY, Sodexo will gain access to a network of premier culinary talent and dining establishments, empowering Sodexo to enhance its food service offerings across 19 major cities in the U.S. and Canada. 'Leveraging Sodexo's on-site dining model and HUNGRY's top-tier chefs and local restaurant platform, this new partnership will allow us to provide a flexible, digitally enabled solution across diverse environments — workplaces, campuses, and beyond — where demand for local variety continues to grow,' said Brent Bloomberg, Chief Strategy and Development Officer, Sodexo North America. 'The expectation and delivery of dining services has changed significantly over the last five years, particularly in corporate environments,' said David Bailey, CEO of Corporate Services, Sodexo U.S. 'Consumers today expect to be able to get the food they crave with ease, even while at work. By bringing HUNGRY onboard we're adding to our vast portfolio and giving clients more options when it comes to providing their employees with the elevated food experiences they're seeking.' Effective immediately, Sodexo will have access to HUNGRY's extensive network of 1,500 food partners and will begin implementation with accounts that present a strong strategic fit. 'This partnership is a milestone in delivering on our mission to bring happiness and wellbeing, now with even greater reach and reliability. The announcement of this collaboration marks the beginning of what we believe will be a strong, long-term relationship,' said Jeff Grass, CEO of HUNGRY. 'Partnering with Sodexo means working alongside a recognized leader in the food service industry, with the scale and client-focused expertise we're excited to leverage.' Sodexo is a trusted partner to corporate clients looking to energize their spaces with forward-thinking, nutritious dining solutions. Sodexo serves consumers nationwide and is recognized for its leadership in offering clients customized menus and programs, exclusive Sodexo signature concepts, collaborations with celebrity chefs, or a tailored blend of all three. About Sodexo North America Sodexo North America is a division of Sodexo Group, a global Fortune 500 company operating in 45 countries and a leading provider of sustainable food and integrated facilities management in all 50 U.S. states, Canada, Puerto Rico and Guam, at every moment in life: learn, work, heal and play. Across the U.S., the company employs over 100,000 people and indirectly supports tens of thousands of additional jobs by annually purchasing goods and services from a wide range of small to large businesses. Sodexo North America is committed to meeting the challenges of everyday life with a dual goal: to improve the quality of life of our employees and those we serve, and to contribute to the economic, social and environmental progress in the communities where we operate. Our purpose is to create a better everyday for everyone to build a better life for all. About HUNGRY HUNGRY ( ) is revolutionizing workplace dining with an unwavering commitment to obsessive hospitality and flawless execution. Founded in 2016 by entrepreneurs Eman Pahlavani and Jeff Grass, HUNGRY connects corporate offices in 19 cities across the United States and Canada with top-tier chefs and local restaurants to deliver extraordinary culinary experiences. From large-format catering and memorable events to individually packaged group meals, snacks, and pantry solutions, HUNGRY ensures every detail is thoughtfully handled to prioritize quality and convenience. Rooted in a mission of social responsibility, HUNGRY fosters local economic growth while embracing eco-friendly practices. The company goes even further—donating one meal for every two purchased, making a tangible impact on communities nationwide as it has already donated over 2.5 million meals to date. View source version on [email protected] KEYWORD: MARYLAND UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY OTHER CONSUMER PHILANTHROPY SPECIALTY FOOD/BEVERAGE OTHER PHILANTHROPY RETAIL FOUNDATION CONSUMER RESTAURANT/BAR FOOD TECH SOURCE: Sodexo Copyright Business Wire 2025. PUB: 05/30/2025 10:40 AM/DISC: 05/30/2025 10:39 AM
The Hindu
20-05-2025
- Entertainment
- The Hindu
Different ways to enjoy masala chai
On International Tea Day (May 21), how about a bite of it too? Indians are not made for faint teas. Kadak chai, with the aroma of ginger floating in the air as the wake-up call, is our style. On festive days, our chai is festive too. A wave of special masalas for tea fights to overpower the delicate fragrance from those exorbitant candles. Masala chai, especially, is a game changer, the mention of which has the power to change the mood from dull to energetic. When Indians have experimented and managed to give momo and sushi an Indian avatar, will chai be left behind? Fuelled by TasteAtlas's ranking of masala chai as the world's second most popular non-alcoholic beverage (in 2024), chefs got into a tizzy to create tea-based desserts. For instance, chai and masala phirni, masala chai cheesecake, masala chai tiramisu, xandoh guri and saah (roasted rice powder with tea). Chef Francis Fernandez with Sodexo shares a quick tip, 'When you have the ganache with real tea decoction ready, you can make anything from chocolates to mousse. Our team prepared a masala chai chocolate as a finale to an Indian dining experience for a French team leader. We infused masala chai flavour with dark chocolate.' Does real chai go into making these desserts, or can one get the desired flavours from a spice mix of ginger, elaichi and cinnamon? 'Absolutely, the actual masala chai is important in preparing any chai-flavoured dessert. I also love the masala chai macaron that we make. I have also witnessed continental chefs smoke the meat with tea leaves.' Masala chai chocolate was also a limited edition creation by craft chocolate brand Paul and Mike. When chai is served, why leave the accompaniment? Rusk and chai combo is the Indian quick fix to the kuchisabishii (Japanese term to eat or snack, not out of hunger, but because your mouth feels bored). Thus, the Masala Chai Rusk Tiramisu was created by London-based Rishi Nanavati. This MasterChef London participant recreated the classic Italian dessert using a classic Indian pairing — tiramisu with masala chai and rusk. In this dessert, he replaced the savoivardi with rusk, coffee with tea and introduced flavours of masala chai. He also apologises to the Italians for adding the Indian tweak to their classic dessert. Another example of pairing chai with a traditional dish is Assamese chef Farha Naaz's dessert named Handoh Guri with Saah and Mascarpone. She paired the state's (Assam) most common cereal pairing — roasted rice powder (handoh) with tea. Reimagined it in a modern avatar served it with a dust of flavoured roasted tea powder and mascarpone and candied ginger. In Hilton, Tokyo, executive pastry chef Ratheesh Unni Nair used his masala chai creme brulee technique to create Jasmine tea creme for a mango pastry. Ratheesh said, 'I was inspired to create Masala Chai Creme Brulee to show Indian and Western fusion. I infused masala tea into the cream and milk to make the creme brulee. Infusing actual masala chai is the key to making the chai flavour stand out.' Still prefer drinking your masala chai? Program director at Sago House Singapore Ronan Keilthy said when they imagined a masala chai cocktail they had a lot of fun infusing the flavours of masala chai. He said, 'It was a clean and simple cocktail where the spices and the tea played muse with alcohol.' The trending ones are masala chai martini and masala chai toddy. These have nothing to do to LIT (Long Island Tea). Non alcoholic tea drinks, some with the masala chai and some without the masala too are the ones to look forward to. Chennai-based chef Vignesh Ramachandran has created a Masala Chai Lemon Iced Tea (no milk) and an Irani Chai Bubble Tea — Hyderabadi answer to the classic Thai Milk Tea Boba. These are available at Coffee Sangam, his newest venture in Hyderabad. Explaining how it is done, he said, 'For Masala Lemon Iced tea, cardamom and ginger are infused with black tea and served chilled with lemon and mint. Irani Chai Bubble Tea is an intense Irani chai flavoured with cardamom. It is served cold with tapioca boba.' Both teas were moderately sweet. Masala Lemon Iced tea definitely owes a hat tip to masala chai. How about popping a bottle of tea for your next party? Copenhagen Sparkling Tea, now available in India, is a blend of Nordic innovation with Asian tea traditions. Think floral fusion of Jasmine, chamomile, and Darjeeling First Flush. Nadia Sood, co-founder of Bebida Hospitality, says, 'Copenhagen Sparkling Tea is a gamechanger at parties because it can be served for anyone, from 10-year-olds to the 80-year-old. It is non alcoholic and low on sugar content of alcoholic drinks. It comes in three variants in India (LYSERØD, LYSEGRØN and BLÅ), each combining organic white, Oolong, green, and black teas. We like to position ourself as a healthy option that is not fizzy and alcoholic.' It is vegan. In a classic twist of having your cake and eating it too, masala chai confirms you can drink it and eat it too.
