Elior shares drop after 'mixed' H1 results, guidance cut

Elior SA

22/05/2025 08:21

** Shares in Elior ELIOR.PA drop 4.7%, after the French food caterer cut guidance amidst what J.P. Morgan describes as "mixed" H1 results

** "A sound delivery, in our view, though softer organic growth momentum could weigh on shares," says broker

** Elior lowered its FY organic revenue growth guidance to 1%-2% (from 3%-5% previously), while H1 org. revenue growth was "soft", says JPM, at 1.5% vs. 4% seen in company consensus

** "We believe that its focus on profits and cash alongside its more selective approach to new wins has somehow adversely impacted overall competitiveness,", adds JPM

** Including today's fall the stock has dropped by 8.45% YTD

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))