Elis: 2020 sales down 14.5%

(CercleFinance.com) - Industrial cleaning group Elis has reported sales that are down 14.
5% at 2,806.3 million euros (-13.3% in organic terms).

"Despite a slight slowdown compared to Q3, activity in c. 75% of our total business1 remained close to normal in Q4: c. +1% in Healthcare, -3% in Industry and -5% in Trade & Services," management said.

In France, sales fell by 18.6% (fully organic). "The sharp slowdown in the Hotel and Restaurant industry (which represented around a third of the country's turnover in 2019), despite a decent summer season, has weighed on activity since the start of the health crisis" the group said.

In Central Europe, sales were down -3.7% (-6.0% organically). In the UK & Ireland, sales fell more: -23.0% (-24.2% organically).


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