Vouchers are popular in Europe and South America. Sodexho's Sodexho Pass division accounts for only about two percent of the company's revenues, but about 15% of profits. In the first half of the 2005 fiscal year, the unit generated revenues of 131 million Euros, with EBIT (earnings before interest and taxes) of 39 million Euros, almost a 30% margin. By contrast, in the same period, the EBIT margin for the North American and European food & management units was around 5% (and in ...
Register to view this Article
Registering for Premium Content on Food Management will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick.