Elior: UBS adjusts estimates for 2023

(CercleFinance.com) - UBS confirms its neutral rating on the Elior stock with a target price that it has nudged up to 3.
2 euros (from 3 euros - current price 3 euros, +3.3%), having adjusted its estimates after the group's FY2022 results.

After its FY22 results, analysts have adjusted their estimates, now expecting a slight increase in revenue (+1%), along with its adjusted EBITA margin (+10bp) for FY 2023.

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


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