Elior: slashes net loss in H1
(CercleFinance.com) - Elior Group has reported a net loss, group share, of E23m for H1 2022-23, a fraction of the loss of E266m a year ago, while its adjusted EBITA margin reached 1.
7%, up 240 bp.
The catering and services group's revenue reached E2.48bn, up 14.1% organically, with development contributing to a +10.3% increase, from +9.9% in H1 2021-22.
Expecting weaker organic growth in H2, Elior now expects organic revenue growth of around 10% for the current financial year and an adjusted EBITA margin towards the lower end of its initial range of 1.5% to 2%.
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7%, up 240 bp.
The catering and services group's revenue reached E2.48bn, up 14.1% organically, with development contributing to a +10.3% increase, from +9.9% in H1 2021-22.
Expecting weaker organic growth in H2, Elior now expects organic revenue growth of around 10% for the current financial year and an adjusted EBITA margin towards the lower end of its initial range of 1.5% to 2%.
Copyright (c) 2023 CercleFinance.com. All rights reserved.