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.


Copyright (c) 2022 CercleFinance.com. All rights reserved.