Elis shares down on slight Q1 organic growth miss

Elis SA

06/05/2025 09:33

** Shares in France's Elis ELIS.PA are down 4.9% after the company reported Q1 organic sales growth slightly below consensus

** The French company specialising in cleanliness and hygiene reported Q1 sales of 1.132 billion euros ($1.28 billion), up 2.5% organically, a touch below the consensus figure of 2.6%, J.P. Morgan says

** Broker Midcap states the international context has led to a wait-and-see attitude among costumers, slowing sales momemtum

** JPM notes Germany in particular was "disappointing, with some contract losses in the public healthcare industry," leading to Central Europe growth missing the consensus by 100 basis points this quarter

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($1 = 0.8815 euros)

 (Reporting by Johan Bodinier in Gdansk)

 ((Johangeorgesroger.bodinier@thomsonreuters.com))