Sodexo S.A. reported consolidated earnings results for the full year of 2012. For the year, the company reported revenues were €18,236 million against €16,047 million a year ago. Operating profit was €984 million against €853 million a year ago. Profit for the period before tax was €836 million against €721 million a year ago. Profit attributable to equity holders of the parent was €525 million or €3.48 per share against €451 million or €2.95 per share a year ago. Sodexo's consolidated revenues for fiscal 2012 increased by 13.6% including organic growth of 6.5%. This performance is in line with the objectives announced at the beginning of the fiscal year. Group operating profit was an increase of 15.4% compared with fiscal 2011, or 13.6% excluding currency effects. An increase in Group net income was 16.4% or 14% excluding currency effects. The increase was slightly higher than the increase in operating profit, primarily as a result of the lower effective tax rate. An increase in earnings per share of 18% or 15.3% excluding currency effects, a slightly higher increase than net income as a result of the increase in the number of treasury shares, which are excluded from the calculation of earnings per share. Net cash provided by operating activities was €1,018 million against €847 million a year ago. This significant improvement is mainly attributable to the rise in operating profit. The net cash provided by operating activities allowed for net capital expenditures and client investments of €319 million (1.7% of revenues).

Sodexo's Board of Directors will propose to distribute a dividend of €1.59 per share, an increase of 8.9% over the previous year at the January 21, 2013 Shareholders' Meeting. This represents a payout ratio of approximately 50% of Group net income.