France's Elis Q3 revenue up 6.1% on contract rollouts and acquisitions
France's Elis Q3 revenue up 6.1% on contract rollouts and acquisitions
Overview
France-based circular services provider's Q3 2026 revenue rose 6.1% yr/yr, with 3.5% organic growth
Company confirmed its 2026 financial objectives, including margin and free cash flow growth
Q3 growth driven by contract rollouts and acquisitions; France impacted by wildfires, Mexico by healthcare volume shifts
Outlook
Elis expects 2026 organic revenue growth to be slightly below 2025's 3.8%
Company expects adjusted EBITDA and EBIT margins to improve slightly in 2026
Free cash flow expected to grow at a mid-single-digit rate in 2026
Result Drivers
SALES FORCE INVESTMENTS - Co said increased sales force headcount and improved sales tools drove strong commercial momentum
CONTRACT ROLLOUTS - Gradual rollout of major contracts signed earlier in the yr contributed to improved organic growth
ACQUISITIONS - Recent acquisitions contributed 1.5 percentage points to Q3 revenue growth
Company press release: ID:nGNE3VnX38
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| EUR 1.32 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Elis SA is €30.00, about 35.3% above its October 27 closing price of €22.18
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)