Sodexo Announces an Increase in Results for the First Half of Fiscal 2008.* Organic revenue growth increases: 9.2% * Operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. up 14,9%, excluding currency impact * Rise in net income of 16.9%, excluding currency impact * Improvement in net cash provided by operating activities * Proposed public tender offer to repurchase shares up to 7.8% of Sodexo's capital * Confirmation of full-year Fiscal 2008 objectives PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Regulatory News: Sodexo (PARIS:SW) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SDXAY) : At the Board of Directors meeting on April 15, 2008, chaired by Pierre Bellon, Michel Landel, the Chief Executive Officer of Sodexo, presented the Group's performance for the first half of Fiscal 2008. First-half Fiscal 2008 financial performance [TABLE OMITTED] (1) The currency impact is determined by applying the average exchange rate for the first half of the previous year to the figures for the first half of the current year. For the first half of Fiscal 2008, the average conversion rate between the US dollar and the euro was 1.4555. Commenting on these results, Sodexo CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Michel Landel, said: "Our first-half operating performance is very good. In an uncertain global economic environment, we have demonstrated our capability to again improve our results. The level of cash generated in the first half confirms the strength of Sodexo's financial model. This performance is in line with our Ambition 2015, to double our Fiscal 2005 revenue by 2015. I thank our clients for the confidence they place in us and our teams for their valuable efforts." 1-Important effect of exchange rates in the first half The euro appreciated in the first half against the US dollar by 11% and against the pound sterling by 6.4%. Sodexo has revenues and expenses in the same currency in the countries in which it operates and therefore these exchange differences carry no operating risk Operating risk The inherent or fundamental risk of a firm, without regard to financial risk. The risk that is created by operating leverage. Also called business risk. . 2-Organic revenue growth increase of 9.2% Organic revenue growth, at constant scope of consolidation and excluding currency impact, accelerated to 9.2%, compared to 8.2% for the same period last year. This growth reflects the contribution of all activities and geographies and in particular accelerating growth in Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. and the hospitality contract for the 2007 Rugby World Cup For the rugby league competition, see . The Rugby World Cup is the premier international rugby union competition. The event is organised by the sport's governing body, the International Rugby Board (IRB), and is contested by the men's national teams. . 3-An increase of 14.9% in operating profit, excluding currency impact, and a further improvement in operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: of 0.2% The increase in operating profit results particularly from: * Sodexo's performance in Food and Facilities Management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. Services in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , * volume growth in the Service Vouchers and Cards activity, * the Rugby World Cup hospitality contract. The following trends in operating profit by business unit were identified1: Food and Facilities Management Services In North America, operating profit was 162 million euro, up nearly 11.7%. The operating margin increased from 5.6% to 5.9%. This improvement is mainly a result of: * productivity gains on sites related to procurement and labor management; * improved performance in Healthcare, Seniors and Education; * good control of food cost inflation. In Continental Europe, operating profit was 124 million euro and progressed in line with revenue (+7.9 %). The operating margin remains 5.1%. This performance reflects a combination of factors: * Sodexo's ability to control food cost inflation; * operating performance in France, essentially linked to further progress in managing its menus on sites; * higher value-added service A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. offerings (for example, in Facilities Management, particularly in the Netherlands, France and Poland). It was however offset by a more moderate increase in operating profit in Southern Europe Southern Europe or sometimes Mediterranean Europe is a region of the European continent. There is no clear definition of the term which can vary depending on whether geographic, cultural, linguistic or historical factors are taken into account. . In the UK and Ireland, operating profit was 50 million euro. Operating margin increased to 6.1% versus 4.2% during the same period last year. This improvement compared to the first half of the previous year was exceptional in nature and mainly resulted from the significant contribution of the 2007 Rugby World Cup hospitality contract recorded in the United Kingdom, as well as continued actions to improve productivity on sites. In the Rest of the World, organic revenue growth was 11.2%. Operating profit was 9 million euro. Two temporary factors weighed on first half operating profit: * The high costs associated with the start-up of certain Australian mining projects and some contracts in Chile and Brazil * Continued investment by Sodexo in human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. in India, in China and in Latin America. These elements will weigh on performance in the Rest of the World for the full-year Fiscal 2008. Service Vouchers and Cards Operating profit was 82 million euro, an increase of 26.8%. The operating margin was 30.9% (about 1.7% of issue volume) compared to 31.3% in the first half of Fiscal 2007. This slight and expected decline mainly resulted from the impact of the Tir Groupe acquisition before the full effect of synergies is felt in the medium-term. 4-Significant increase of 16.9% in net income, excluding currency impact Net income increased 10.4%, or 16.9%, excluding currency impact. This evolution, exceeding the increase in operating profit, is mainly explained by an improvement in financing costs related to the repayment of debt as well as a slight reduction in the tax rate. 5-Further improvement in net cash provided by operating activities Net cash provided by operating activities amounted to 378 million euro, an increase of 167 million euro compared to the first half of Fiscal 2007. This increase resulted mainly from: * growth in operating profit of 29 million euro, and * the change in working capital. Although this change traditionally weighs on cash provided by operating activities in the first half, it is a significant improvement compared to the previous year, a result particularly from major developments in the Service Vouchers and Cards activity. 6-Recent acquisitions The Group has made three major acquisitions since September 1, 2007: * The October 2, 2007 acquisition of 100% of the Gift Vouchers business of Tir Groupe, France's leader in the market for businesses and public authorities. * The October 31, 2007 acquisition of 100% of Circles, leader in concierge services in the United States. * The March 3, 2008 acquisition of 100% of Grupo VR's Service Vouchers and Cards in Brazil, the third largest issuer in Brazil, making Sodexo the leader in Brazil, the world's largest market for this activity. As of February 29, 2008, net debt was 247 million euro and represented only 12% of Group shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. . If the Grupo VR acquisition made on March 3, 2008 were to be included, the Group's net debt would be 617 million euro, or 30% of Group equity. The Group has been honored with a triple distinction, in Sustainable Asset Management's (SAM) 2008 "Sustainability Yearbook," which identifies companies that combine economic performance with sustainability, among the world's 2,500 largest corporations. Sodexo was named SAM Worldwide Supersector Leader 2008, SAM Gold Class 2008 and SAM Sector Mover 2008. Sodexo is the only France-based company among the 10 global leaders. 7-Proposed public tender offer to repurchase shares representing 7.8% of Sodexo's capital On April 15, 2008, the Board of Directors of Sodexo decided to proceed with the share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. program as approved by and within the limits fixed by the January 22, 2008 Annual Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. . Through a simplified public tender offer (OPAS OPAS Overpass (street type) OPAS Oconee Performing Arts Society (Greensboro, GA) OPAS Operations Planning and Analysis Systems OPAS Outpatient Pharmacy Anticoagulation Service ), Sodexo is considering buying up to 12.5 million of its own shares, representing 7.8% of its share capital, at a bid price of 42.5 euros, with coupon. The bid price represents a premium of over 14% on the 1 month average share price and of nearly 15% over the closing share price as of April 16, 2008. The tender offer filing should be submitted to the French market authority, L'Autorite des Marches Financiers (AMF AMF ACE (Allied Command, Europe) Mobile Force AMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor ) before the end of April. The shares would be purchased in order to be subsequently cancelled. The Board of Directors appointed a committee comprising the six independent directors in order to supervise the study of such a share repurchase program and to approve its implementation. The committee has been provided with a report from an Independent Expert confirming the fairness of the offer price. The impact of the transaction on Sodexo's earnings per share would be positive. This transaction of a maximum of EU530 million will be funded by Sodexo through its existing bank facilities as well as its available cash. The financial situation of the Group would be improved by this transaction. Sodexo will pursue its organic growth strategy, completed by targeted acquisitions. Sodexo intends to maintain its dividend strategy, subject to the availability of distributable reserves. Sodexo's philosophy is to meet the needs of its clients, employees and shareholders. As a result of strong cash flow generation, Sodexo's objective is to allow its shareholders to continue to benefit from the growth in earnings. Sodexo's controlling shareholder, Bellon S.A., has indicated it would not participate in the offer. Consequently, Bellon S.A.'s stake in Sodexo will increase following the offer. The AMF has announced today that it has waived Bellon S.A.'s obligation to launch a mandatory tender offer. This financial transaction allows Sodexo's shareholders to benefit from the strong cash flow generation and enhances the financial structure of the Group by improving the balance between equity and debt. This transaction meets the expectations of the financial community and demonstrates our full confidence in the Group's ability to achieve Ambition 2015 and in the Group's future said Michel Landel, CEO of the Sodexo Group. 8-Confirmation of Fiscal 2008 objectives With a strong performance in the first half, and despite the uncertainties about the current economic environment, Sodexo confirms the objectives for the current fiscal year: * an increase in organic revenue exceeding 7% * an increase in operating profit of around 12%, excluding currency impact The significant currency impact in the first half is related to the appreciation of the euro versus several currencies, particularly the US dollar. If this situation should worsen during the second half of the year, it could continue to weigh as a conversion effect on the Group's consolidated financial statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge . About SODEXO SODEXO, founded in 1966 by Pierre Bellon, a world leader in Food and Facilities Management services, with more than 342,380 employees on 29,000 sites in 80 countries. For Fiscal 2007, which closed August 31, 2007, SODEXO had revenues of 13.4 billion euro. Listed on Euronext Paris, the Group's current market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. is 5.9 billion euro. Conference call SODEXO will hold a conference call today at 8:30 a.m. (French time), on the results for the first half of Fiscal 2008. The call can be accessed by dialing + 33 1 72 26 01 28. The press release and presentation will be available on Sodexo's website beginning at 7:00 a.m., by clicking on the link: www.sodexo.com, under the heading "last News". The recording of the conference call will be available at + 33 1 72 28 01 49 followed by the code 219278#. First Half financial report The first half financial report will be available online by April 30,2008 on Sodexo website www.sodexo.com, in "Regulated information" section. It includes the summarized consolidated financial statements for the first half fiscal 2008 the activity report for the first half, the Declaration of responsibility for the Financial report for the first half as well as the auditors' report on their limited review of the above-mentioned accounts. Disclaimer * This press release contains statements that may be considered as forward-looking statements and as such may not relate strictly to historical or current facts. These statements represent management's views as of the date they are made and we assume no obligation to update them. You are cautioned not to place undue reliance on our forward looking statements * The offer for the shares of the Company presented within the framework of the share buyback program will be made exclusively in France. The offer, as well as the acceptance of the offer may be subject to specific regulations or to restrictions in certain countries. The Offer is not addressed to persons subject to these restrictions, either directly or indirectly, and is not available to be accepted by a person from a country where the offer would be subject to such restrictions. 1 Operating profit changes are stated excluding current impact Annex 1: Financial statements first-half Statement of income [TABLE OMITTED] Consolidated balance sheet consolidated balance sheet A balance sheet in which assets and liabilities of a parent company and its controlled subsidiaries are combined, thereby presenting balance sheet items for the parent and its subsidiaries as if they were a single firm. [TABLE OMITTED] Consolidated statement of cash flow [TABLE OMITTED] [TABLE OMITTED] Annex 2: Selection of new clients Food & Facilities Management services North America Business and Industry California Public Employees Retirement System-CalPERS, Sacramento, California - 1,500 employees, Foodservices); EMC Corporation, Hopkinton, Massachusetts (1,790 employees, Foodservices); Novartis Pharmaceuticals Corporation, East Hanover, New Jersey East Hanover Township is a township in Morris County, New Jersey, United States. As of the United States 2000 Census, the township population was 11,393. Incorporated in 1928, it is a largely middle to upper-income suburban community situated roughly 25 miles west of New York City. (4,800 employees, Foodservices); Novartis Vaccines & Diagnostics, Emeryville, California (2,200 employees, Company Store); Pioneer Hi-Bred International Inc., Johnson, Iowa (1,400 employees, Foodservices and Facilities Management); TCG (Trusted Computing Group, Beaverton, OR, www.trustedcomputinggroup.org) The successor to the Trusted Computer Platform Alliance (TCPA), announced in 2003 by founding members AMD, HP, IBM, Intel and Microsoft. Management Corp., Baltimore, Maryland (4,000 employees, Foodservices); Fort Worth Museum of Science & History, Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. (2,750 visitors, Foodservices); Starbucks, LeMoore (Foodservices); Starbucks, 32nd street (Foodservices); Lowe's Companies, Inc., North Wilkesboro, North Carolina North Wilkesboro is a town in Wilkes County, North Carolina, United States. The population was 5,116 at the 2000 census. It is the original home of Lowe's Home Improvement, though the chain has since relocated its headquarters. (Vending); Principal Financial Group, Inc., four sites (7,230 people, Foodservices); U.S. Army Medcom, 10 hospitals (201,000 people, Foodservices); Dallas Museum of Art The Dallas Museum of Art is an art museum located in the Arts District of downtown Dallas, Texas, USA along Woodall Rodgers Freeway between St. Paul and Harwood. History , Dallas, Texas (2,040 customers/day, Foodservices); Place du Centre, Canada (5,000 employees, Foodservices); Thunder Bay Homes, Canada (Facilities Management) Defense Anniston Army Depot Anniston Army Depot (ANAD) is a major United States Army facility fulfilling various depot operations. Primary missions are the repair of tracked vehicles and storage of chemical weapons (Anniston Chemical Activity). The depot is located in Anniston, Alabama. (Foodservices) Healthcare and Seniors Brandywine Hospital, Coatsville, Pennsylvania (200 beds, Foodservices and Nutrition); Crittenton Hospital Medical Center, Rochester, Michigan (250 beds, Facilities Management); Acute Care Hospitals, Minneapolis/St Paul, Minnesota (436 beds, Foodservices); Marin General Hospital, Greenbrae, California (235 beds, Foodservices and Facilities Management); Asbury Methodist Village, Gaithersburg, Maryland (1,571 people, Foodservices and Facilities Management); New Hanover Regional Medical Center, Wilmington, North Carolina For other places with the same name, see Wilmington (disambiguation). Wilmington is a city in New Hanover County, North Carolina, United States. The population was estimated at 100,000 as of 2006;[1] (628 beds, Foodservices); Georgetown University Hospital Georgetown University Hospital was founded in 1898 as part of Georgetown University, a Catholic, Jesuit University in the Georgetown neighborhood of , Washington, DC (386 beds, Facilities Management); H & H Total Care services, Canada (170 beds, Foodservices and Facilities Management); Abbostford, Canada (410 beds, Foodservices and Facilities Management) Education North East ISD See IDD. , (Facilities Management); Anna Maria College Anna Maria College is a four-year Catholic liberal arts college, founded in 1946 and located in the rural town of Paxton, Massachusetts. The school's 180-acre campus is situated a few miles away from the city of Worcester. (Facilities Management); Philadelphia School Administration, Pennsylvania (Foodservices); Newman-Crows Landing, Newman, California; Cafe 440/Philadelphia School Administration, Philadelphia, Pennsylvania Continental Europe Business & Industry Adidas Salomon AG World of Sport, Germany (4,000 people, Foodservices); Gillette Deutschland GMBH &CO. OHG OHG Offene Handelsgesellschaft OHG Otto Hahn Gymnasium (Germany) OHG Old High German OHG Operators Harmonization Group (ITU) OHG Official Hotel Guide OHG One Hit Gamer (gaming) , Germany (1,200 employees, Foodservices); 3M, Belgium (450 people, Foodservices); Finnair, Finland (Facilities Management); CNES CNES Centre National d'Etudes Spatiales (French Space Agency) , Kourou, France (Foodservices and Facilities Management); Immeuble Centre d'affaires Paris Nord, France, (320 meals/day, Foodservices); Siemens VDO Automotive SA, France (650 meals/day, Foodservices); Continental, France (1,200 employees, Foodservices); Somacca Renault, Morocco (Foodservices); Telenor, Norway (5,800 employees, Foodservices); Ministerie van Buitenlandse Zaken, The Netherlands (1,180 people, Foodservices); Solvay, The Netherlands (500 employees, Foodservices and Facilities Management); Gemeente Rotterdam - Europoint, The Netherlands (1,070 people, Foodservices); Siemens Elektromotory S.R.O., Czech Republic(1,800 employees, Foodservices); Moscow City Block C, Russia (8,700 employees, Foodservices); GE Healthcare, Sweden (1,000 meals/day, Foodservices); Mercedes, Turkey (3,000 people, Foodservices) Correctional Services Justizvollzugsanstalt, Germany (600 people, Foodservices); Nantes correctional facility, France (4,340 meals/day, Foodservices); Reau correctional facility, France (1,600 meals/day, Foodservices); Annoeulin correctional facility, France (1,400 meals/day, Foodservices) Defense Landivisiau Naval air station A Naval Air Station is an airbase of the United States Navy. Such bases are used to house Naval Aviation squadrons and support commands. List of Functioning US Naval Air Stations
Healthcare and Seniors AZ ST Maarten, Belgium (Foodservices); Hospital San Juan de Dios Hospital San Juan de Dios is the name of several hospitals in the Republic of Colombia. The most important are located in Bogotá, Cúcuta and Pamplona. The one of Cúcuta nowadays is a library. , Spain (150 beds, Foodservices); Hospital Parque San Antonio, Spain (55 beds, Foodservices); Montplaisir Clinic, France (160 meals/day, Foodservices and Facilities Management); Polyclinique Pasteur, France (120 meals/day, Foodservices and Facilities Management); Polyclinique du Val de Loire, France (230 meals/day, Foodservices); Centre medical departemental Francois and Marie Mercier, France (410 meals/day, Foodservices); Leopold Bellan Clinic, France (230 meals/day, Foodservices); Les Gabres nursing home, France (460 meals/day, Foodservices); Residence Arc en Ciel, France (190 meals/day, Foodservices; FAM FAM 5-FU, adriamycin/doxorubicin, mitomycin C Oncology A chemotherapeutic regimen used with varying degrees of failure for advanced gastric CA. See Stomach cancer. les Iris, France (130 meals/day, Foodservices); Residence les Castalies, France (110 meals/day, Foodservices); EHPAD La cle des ans, France (210 meals/day, Foodservices); Foyer George Sand, France (160 meals/day, Foodservices); Sud Francilien Hospital Center - Site Gilles de Corbeil cor·beil also cor·beille n. A sculptured basket of flowers or fruits used as an architectural ornament. [French corbeille, from Late Latin corbicula, little basket , France (382 beds, Foodservices); L'Estree clinic, France (541 meals/day, Foodservices); Sainte-Marie Clinic, France (125 beds, Foodservices); Soyaux clinical center, France (87 beds, Foodservices); Adapei 22 - ESAT ESAT Employee Satisfaction ESAT Electrician's Self-Assessment Tool ESAT Emergency Services Assistance Team Les Ateliers Briochins, France (108 people, Foodservices); Polyclinique Vauban, France (420 meals/day, Foodservices); Albert Schweitzer Ziekenhuis, Netherlands (1,500 beds, Foodservices) Education Noisiel, France (1,510 meals/day, Foodservices); City Hall of S[c]te, France (2,000 meals/day, Foodservices); UT Twente, Netherlands (10,000 students, Foodservices) Remote Sites West Phoenix, Norway (100 people, Foodservices); Seadrill, Norway (14 platforms, 375 people, Foodservices and Facilities Management) UK and Ireland Business & Industry NFU Mutual Social Club, Stratford-upon-Avon, UK (450 people, Foodservices); Carpetright PLC, Essex, UK (350 people, Foodservices and Facilities Management); Birches Conference Center, Kings Lynn, UK (1,000 people, Foodservices); Heiton Buckley Limited, Dublin, Ireland (180 people, Foodservices); APC-MGE, Galway, Ireland (320 people, Foodservices); Newcastle Building Society The Newcastle Building Society is a UK building society, which has its head office in Newcastle upon Tyne, England. It was formed in 1980 as a result of a merger between the Grainger and Newcastle Permanent Building Societies. , Newcastle, UK (500 people, Foodservices and Facilities Management); Scottish Courts, Scotland (three sites, 500 people, Foodservices) Healthcare and Seniors Walsall Metropolitan Borough Council, Walsall, UK (100,000 meals/year, Foodservices); Fournier Laboratories Limited, Cork, Ireland (170 people, Foodservices); Dairygold Food Ingredients, Cork, Ireland (300 people, Foodservices) Education Prior Pursglove College, Guisborough, UK (1,000 students, Foodservices); London School of Pharmacy, London, UK (150 students, Foodservices) Rest of the World Business & Industry Mobil Coomera (Shop & Fuel) (EXXON Mobil), Australia (10 sites, Foodservices and Facilities Management); AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery , Melbourne, Australia (1,800 people, Foodservices and Facilities Management); AOC AOC, n an acronym for the Aromatherapy Organizations Council. , Brazil (Foodservices); Marfrig, Brazil (Foodservices); Novartis, Brazil (Foodservices); AGV AGV Automatic Guided Vehicle AgV Arbeitsgemeinschaft der Verbraucherverbände (Germany: Working Party of the Consumer Associations) AGV Automotrice à Grande Vitesse (French high speed train, successor to the TGV) Logistica, Brazil (Foodservices); Sofape, Brazil (Foodservices); Plantas Ariztia, Chile (Foodservices); Emerson Process Management Flow Technologies Co., Ltd., China (100 people, Foodservices and Facilities Management); Saint-Gobain Performance Plastics Co., Ltd., China (200 people, Foodservices); SVA-Fujifilm Opto-Electronic Materials Co., Ltd., China (350 people, Foodservices); HSBC-Tseung Kwan O, China (800 people, Foodservices); Nokia, India (30,000 people, Foodservices); Tata Consultancy Services Tata Consultancy Services Limited (TCS Limited company) is one of the world’s largest providers of information technology, consulting, services and business-process outsourcing which commenced operations in 1968. As of 2007, it is Asia's largest And India's No. , India (24,000 people, Foodservices and Facilities Management); Unilever, India (300 people, Facilities Management); Total Access Communication, Thailand (1,000 employees, Foodservices) Healthcare Bumrungrad Hospital, Bangkok, Thailand (500 beds, Foodservices) Remote Sites Global Geophysical Services, Algeria (540 people, Foodservices and Facilities Management); Global Santa Fe, Saudi Arabia (250 people, Foodservices); Woodside Petroleum, Australia (1,350 people, Foodservices and Facilities Management); Compania Minera Los Pelambres, Chile (3,000 people, Foodservices and Facilities Management); Minera Escondeda, Campamento 2000, Chile (2,300 people, Foodservices and Facilities Management); Proyecto Esperanza, Chile (3,000 people, Foodservices); ROM, Chile (Foodservices); Minera Huayanca, Peru (Foodservices); SNC SNC St Norbert College (De Pere, Wisconsin) SNC Sistema Nervioso Central SNC Société en Nom Collectif (French: Partnership) SNC Système Nerveux Central (French: central nervous system) Lavalin, Qatar (300 people, Services de Facilities Management) Service Vouchers and Cards CENTRAL EUROPE: Bulgaria: DHL DHL abbr. 1. Doctor of Hebrew Letters 2. Doctor of Hebrew Literature (Restaurant Pass and Food Pass, 230 beneficiaries); British American Tobacco British American Tobacco Plc (LSE: BATS, AMEX: BTI, KLSE: BAT) is the second largest listed tobacco company in the world. It is based in London, England and is a constituent of the FTSE 100 Index with a market capitalisation of over £29 billion as of June 2005. (Restaurant Pass, 260 beneficiaries) Pologne : BPH BPH abbr. benign prostatic hyperplasia BPH Benign prostatic hypertrophy, a very common noncancerous cause of prostatic enlargement in older men. Bank (Gift Pass, 8,900 beneficiaries); Poludniowy Koncern Weglowy (Gift Pass, 5,200 beneficiaries); General Electric (Gift Pass, 4,200 beneficiaries); KGHM Polska Miedz (Gift Pass, 4,300 beneficiaries); Telekomunikacja Polska (Gift Pass, 11,400 beneficiaries) Czech Republic: Unipetrol (Leisure Pass) Romania: APT resources & services (Food Pass, 900 beneficiaries); Authority of Social Assistance and Children Protection (Gift Pass, 620 beneficiaries) Slovakia: Yamani (Gift Pass, 1,700 beneficiaries) WESTERN EUROPE: Germany: Fiat (Restaurant Pass, 190 beneficiaries) Belgium : City of Gent (Restaurant Pass, 6,000 beneficiaries); Estee Lauder (Gift Pass, 900 beneficiaries); Allianz (Restaurant Pass, 1,000 beneficiaries); Colruyt (Restaurant Pass, 1,300 beneficiaries) Spain: Unidad Editorial (Restaurant Pass, 280 beneficiaries); Axa (Restaurant Pass, 300 beneficiaries); Philips (Restaurant Pass, 100 beneficiaries) France : Laboratoires Roche (CESU CESU Clinical Effectiveness Support Unit (Wales, UK) CESU Complex Emergency Support Unit CESU Conveyor and Elevator Support Unit ); City of Pau (CESU, 2,100 beneficiaries); Plastic Omnium (Restaurant Pass, 100 beneficiaries); AGIRC-ARRCO (CESU, 20,000 beneficiaries); LCL 1. LCL - The Larch interface language for ANSI standard C. [J.V. Guttag et al, TR 74, DEC SRC, Palo Alto CA, 1991]. 2. LCL - Liga Control Language. Controls the attribute evaluator generator LIGA, part of the Eli compiler-compiler. (Restaurant Pass, 1,000 beneficiaries); PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. (CESU, 150 beneficiaries) Luxembourg: Citibank (Restaurant Pass, 330 beneficiaries) Tunisia: Tunisair (Restaurant Pass, 3,000 beneficiaries); Henkel (Restaurant Pass, 140 beneficiaries) UK: Defense Ministry (Childcare Pass, 9,000 beneficiaries) Turkey: Sandoz - Groupe Novartis (Restaurant Pass, 200 beneficiaries) LATIN AMERICA: Brazil : Consorcio Propeno (Restaurant Pass, 1,100 beneficiaries); Secretary of State for Education (Food Pass, 1,000 beneficiaries); Contax (Food Pass, 14,000 beneficiaries); Defensoria Publica de Rio de Janeiro Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r (Restaurant Pass, 710 beneficiaries); Paro State University
(Food Pass, 1,485 beneficiaries)
Chile: Compania Nacional de Seguros Consorcio (Restaurant Pass, 2,500 beneficiaries); Junaeb (Solidarite, 40,000 beneficiaries) Colombia: Colombia Movil (Food Pass, 190 beneficiaries); Ford (Mobility Pass, 220 beneficiaries) Mexico: Ferrocarril y Terminal del Valle de Mexico (Food Pass, 900 beneficiaries); Gobierno del Estado de Sonora (Mobility Pass); Comision Nacional Bancaria y de Valores (Food Pass) Peru: Samsung (Food Pass, 150 beneficiaries) Uruguay: UCAA UCAA Uniform Certificate of Authority Application (Food Pass, 51,000 beneficiaries) Venezuela: Cativen - Casino Group (Food Pass, 3,500 beneficiaries); Government of Merida (Food Pass, 14,000 beneficiaries) ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. : China: Industrial and Commercial Bank of China Industrial and Commercial Bank of China (ICBC) (Simplified Chinese: 中国工商银行; Traditional Chinese: ZhaBei (Gift Pass); Shanghai Huizhong Automotive (Gift Pass, 5,600 beneficiaries) India: Electronics Corporation of India Limited Electronics Corporation of India Limited (ECIL) is a Government of India Enterprise under Department of Atomic Energy (India), established in 1967 to create a strong indigenous base in electronics. (Gift Pass, 4,700 beneficiaries); Hindustan Aeronautics (Restaurant Pass, 14,000 beneficiaries); Philips (Restaurant Pass, 1,500 beneficiaries); United Beweries (Restaurant Pass, 250 beneficiaries); Xansa (Restaurant Pass, 2,000,beneficiaries) Indonesia: Microsoft (Gift Pass, 200 beneficiaries) Philippines: Pag-IBIG Fund (Gift Pass, 2,200 beneficiaries); Pfizer (Gift Pass, 290 beneficiaries) |
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