Elis inches up on "solid" Q1 sales figures

Elis SA

07/05/2024 08:23

** Shares in Elis  ELIS.PA  rise 1.4% after the French
hygiene group on Monday posted a 6.4% hike in revenues in the
first quarter
    ** Q1 revenue came in at 1.09 billion euros ($1.17
billion)and Elis confirmed its 2024 outlook
    ** Midcap Partners says in a note Elis reported "good sales
figures", slightly ahead of its expectations of 1.09 billion
euros
    ** The broker also flags "solid" (4.1% to 6.1%) growth in
France, the UK and Scandinavia
    ** "This performance enables the Group to confirm its
outlook for the year...on which our estimates are in line", it
adds
    ** The stock has gained 16.57% YTD

($1 = 0.9290 euros)

 (Reporting by Augustin Turpin)
 ((augustin.turpin@thomsonreuters.com;))