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Elis: adjusts FY targets

(CercleFinance.com) - In its trading update, Elis said that it now expects FY organic sales growth to exceed 20% (higher than +18% to +20% previously), while it has trimmed its forecast for an adjusted EBITDA margin to around 33% (vs.
33.5% previously).

The group forecasts Q3 2022 sales of 1.03 billion euros (+22.8%, including +17% organically), with the continued recovery in the hotel sector and very strong sales momentum in industry and trade & services.

The industrial laundry group also said that its revenues were boosted by additional price adjustments made over the period, which were to offset the sharp rise in energy costs.


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