Elior: symbolic NP for H1, but stock leaps

(CercleFinance.com) - Elior Group has reported net profit, group share of E1m for H1 2023-24, compared with a loss of E23m a year ago, with adjusted EBITA more than doubling to E100m (from E41m).
NB: cp +19%.

The services group improved its adjusted EBITA margin by 1.5 point to 3.2%, on sales of E3.12bn, up 26%, mainly thanks to the integration of DMS in April 2023. On an organic basis, sales rose by 5.9%.

For FY 2023-24, Elior confirms its targets of an adjusted EBITA margin of at least 2.5%, organic sales growth of between 4% and 5%, and a leverage ratio of around four times at end-September 2024.


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