Elior: adjusted EBITA margin falls in H1

(CercleFinance.com) - Elior has published H1 net income, group share that is at break-even, with an adjusted EBIT margin that is down 0.
4 point at 4.7%, reflecting the policy of modernising the group and the impacts of investments made over previous years.

The catering and services group's sales increased by 1.4% to 2,600 million euros, although they were down 0.6% in organic terms, reflecting the voluntary termination of contracts in Italy.

For FY 2018-19, Elior anticipates a 1% fall in organic terms, a stabilisation in its margins and a sharp improvement in the generation of operational free cash flow. It also intends to pay up to a cumulative total of 350 million euros to shareholders in 2020 and 2021.


Copyright (c) 2019 CercleFinance.com. All rights reserved.