Elis: 2024 results in line, share buybacks in sight

(CercleFinance.com) - Elis shares rose over 6% on Thursday morning on the Paris Bourse, following annual results in line with expectations and a new capital allocation policy deemed more favourable to shareholders.


Last night, the industrial laundry group reported a "record" financial performance for fiscal year 2024, in line with its objectives.

Sales rose by 6.1%, of which +5.2% on an organic basis, to E4.57bn, giving adjusted Ebitda up 9.2% to E1.6bn.

Operating margin improved by one percentage point to 35.2%.

Net profit was up 29% to E337.8m.

Regarding 2025, Elis says that it is aiming for a further improvement in all its financial indicators, with organic annual sales growth expected to be just under 4%.

Its adjusted operating margin (Ebitda) is also expected to grow slightly.

Importantly, Elis unveiled details of its new capital allocation policy, including a share buyback program of E150 million by 2025 and an annual dividend of E0.45 per share, an increase of around 5%.

All these announcements were favorably received on Thursday morning on the Paris Bourse, where the share, with a gain of 6.4%, was one of the most notable performers on the SBF index, itself up 0.6%.


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