Elis: 5% organic growth in Q3

(CercleFinance.com) - Industrial laundry group Elis posted Q3 2024 sales of over E1.
18bn, up 4.9% organically, for a cumulative total of E3.43bn to end-September, up 5.3% organically.

Sales momentum remains strong, driven by the many initiatives launched by the group in each country, explains its CEO Xavier Martiré, who also points to price adjustments to offset cost inflation.

We are also pleased to confirm that our customer retention rate has returned to normal, he continues. However, the group notes a disappointing performance in the hotel-restaurant sector, with occupancy rates down in the quarter.

Elis confirms its targets for 2024, including organic sales growth of between +5.2% and +5.5%, an adjusted EBIT margin stable compared with 2023 at around 16%, and net current EPS above E1.75 on a diluted basis.


Copyright (c) 2024 CercleFinance.com. All rights reserved.