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PRESS RELEASE Sodexo : Q1 Fiscal 2021 revenues in line with guidance , H1 UOP margin assumption upgraded ■ Revenue organic growth at -22.7 % , and -21.5 % excluding Rugby World Cup base effect ■ Improving trend in Q1 Fiscal 2021 versus Q4 Fiscal 2020 in all segments and activities ■ Strong performance on contract negotiations and cost control ■ H1 Fiscal 2021 Underlying operating profit margin assumption upgraded to at least 2.5 % Issy - les - Moulineaux , January 8 , 2021 - Sodexo ( NYSE Euronext Paris FR 0000121220 - OTC : SDXAY ) . Q1 Fiscal 2021 revenues REVENUES BY SEGMENT ( In millions of euro ) Business & Administrations Healthcare & Seniors Education On - site Services Benefits & Rewards Services Elimination TOTAL GROUP Q1 FY21 2,185 1,161 918 4,264 169 -1 4,432 Q1 FY20 3,195 1,274 1,403 5,872 205 -1 6,076 1/10 - www.sodexo.com sodexo QUALITY OF LIFE SERVICES ORGANIC GROWTH -27.7 % -3.5 % -31.2 % -23.3 % -5.6 % -22.7 % EXTERNAL GROWTH + 0.4 % -0.1 % -0.1 % + 0.2 % + 0.6 % + 0.2 % CURRENCY EFFECT -4.3 % -5.3 % -3.3 % -4.3 % -12.8 % -4.5 % TOTAL GROWTH -31.6 % -8.9 % -34.6 % -27.4 % -17.8 % -27.1 % Commenting on these figures , Sodexo CEO Denis Machuel said : " The revenue trend has improved again this quarter , despite the start of the second wave in November in most of our geographies . All regions were better , even though the North American activities remain very impacted by the Covid - 19 pandemic , especially in Education , Corporate Services and Sports & Leisure . The teams have been very actively adapting cost structures and contract terms to ensure that ramping up contracts is profitable . The restructuring program is moving forward . As a result , although revenues are in line with guidance , this first quarter has been better than expected in terms of operating performance , and so despite the uncertainty around the evolution of the Covid - 19 pandemic , our first half Fiscal 2021 Underlying operating profit margin target is now to be at least 2.5 % . "