Elis shares jump after reassurances on Middle East exposure

Elis SA

11/03/2026 08:48

** Shares in France's Elis ELIS.PA rise 3.7%, paring earlier gains of as much as 7%, as its Middle East commentary supports further rebound from the Iran war-induced dip last week

** The stock had dropped over 10% between February 27 - at the onset of the war - and Monday; it pared some losses already on Tuesday

** "We think the pull-back in the stock reflects concerns around the potential shorter-term impact of the Iran conflict on global hospitality patterns and potential disruption to European energy markets," RBC says

** "For longer-term investors, this potential creates an interesting entry point," the broker adds

** In its FY results statement, the workplace supplies provider says its gas and electricity hedging policy would lead to lower bills through 2027 despite the war - which RBC deems "reassuring"

** Elis reports FY EBITDA margin of 35.4%, in line with expectations cited by J.P. Morgan, and launches a share buyback programme for up to 500 million euros ($580.55 million)

($1 = 0.8613 euros)

(Reporting by Alessandro Parodi)

((Alessandro.Parodi@thomsonreuters.com;))