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 North American subsidiaries. The Service Vouchers and Cards business accounted for 3% of revenues in fiscal 2006. The Food and Facilities Management Services business is 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, revenues from Food and Facilities Management Services were 12,431 million euro, up from 11,394 million euro in 2005, representing a 9.1% change. North America contributed 5,479 million euro (9.5% change from 2005), Continental Europe 4,148 million euro (5.8% change), the United Kingdom and Ireland 1,370 million euro (5.2% change), and the Rest of the World 1,434 million euro (23.0% change). The Service Vouchers and Cards business generated 373 million euro in revenues for the fiscal year ended August 31, 2006, an increase from 305 million euro in 2005, marking a 22.5% change. Within this segment, Continental Europe contributed 182 million euro (10.3% change), the United Kingdom and Ireland 8 million euro (33.3% change), and the Rest of the World 183 million euro (36.6% change). 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 2005, a 9.4% increase.