Sodexo

Sodexo provides Food and Facilities Management Services and Service Vouchers and Cards. Food and Facilities Management Services is the company's primary business, generating 97% of its revenues for the fiscal year ended August 31, 2006. Approximately 44% of the revenues within this business were derived from its North American subsidiaries. The Service Vouchers and Cards business accounted for 3% of revenues in fiscal 2006. Within the Food and Facilities Management Services business, operations are organized into four geographic regions: North America, Continental Europe, the United Kingdom and Ireland, and the rest of the world. For the fiscal year ended August 31, 2006, Food and Facilities Management Services revenues were 12,431 million euro, with North America contributing 5,479 million euro, Continental Europe 4,148 million euro, the United Kingdom and Ireland 1,370 million euro, and the Rest of the World 1,434 million euro. This represented a 9.1% increase from 11,394 million euro in fiscal year 2005. The Service Vouchers and Cards business generated 373 million euro in revenues for the fiscal year ended August 31, 2006, up from 305 million euro in fiscal year 2005, a 22.5% increase. Total revenues for Sodexo, after eliminating intragroup revenues of 6 million euro, were 12,798 million euro in fiscal year 2006, compared to 11,693 million euro in fiscal year 2005, marking a 9.4% increase.