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Elior: UBS maintains neutral rating

( - UBS confirms its neutral rating on the Elior share with a price target of 3 euros.

The broker estimates that results are in line for FY 2021-22.

FY revenue is pretty much in line with expectations, at 4,451 million euros (UBSe E4,404m, visible alpha consensus E4,411m), with organic growth of 18.3% (UBSe 17.8%, consensus 17.6%), analysts note.

For 2022-23, Elior is targeting organic revenue growth of at least 8%, with an adjusted EBITA margin of 1.5% to 2%. It also confirms its financial targets for 2024 and its CSR commitments for 2025.

People are rushing to the canteen before noon today, with the share currently up almost 10%.

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