Brief: Elior Group Eyes FY Organic Revenue Growth Of About 10%

Elior SA

17/05/2023 06:30

May 17 (Reuters) - Elior Group SA  ELIOR.PA :
    * H1 REVENUES OF €2.478 BILLION, I.E. ORGANIC GROWTH OF
14.1%
VERSUS H1 2021-2022
    * RETENTION RATE AT MARCH 31, 2023, OF 91.3%, SAME AS LAST
YEAR
(92.6% EXCLUDING VOLUNTARY CONTRACT EXITS)
    * ADDITIONAL €144 MILLION IN RENEGOTIATED PRICE INCREASES
(ANNUALIZED BASIS), HENCE CUMULATIVE TOTAL OF €283 MILLION AT
MARCH 31, 2023
    * H1 ADJUSTED EBITA OF €41 MILLION VERSUS LOSS OF €16M LAST
YEAR
    * FY OUTLOOK: ORGANIC REVENUE GROWTH OF ABOUT 10%
    * FY OUTLOOK: ADJUSTED EBITA MARGIN TOWARDS LOWER END OF
INITIAL
RANGE OF 1.5%-2%
    * FY OUTLOOK: CAPITAL EXPENDITURE AT AROUND 1.7% OF REVENUES
    * DERICHEBOURG MULTISERVICES INTEGRATION: CONFIRMATION OF
SYNERGIES OBJECTIVE

Source text for Eikon:  ID:nBw1RjGhDa 
Further company coverage:  ELIOR.PA 

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