The sharp decline in commodity prices has affected Sodexo's oil, gas and mining business "drastically," the chief executive of the French food services and facilities management group, told CNBC.
Known primarily for its catering services, Sodexo is the world's second largest catering company. It also manages canteens and facilities for schools and hospitals as well as private companies, including the oil and gas and mining industry.
The sharp decline in oil prices over the last 18 months has caused oil and gas companies around the world to cut staffing and running costs, however, having a knock-on effect on Sodexo's bottom line.
Chief Executive Michel Landel said his company had seen firms cutting back on the services they ordered from Sodexo amid the sharp decline in commodity prices.