Elis: raises outlook for 2021

(CercleFinance.com) - The industrial cleaner's Q3 revenue grew by 11.
2% to 839.4 million euros, including organic growth of +9.2%.

In France, revenue rose by 9.5% (fully organic). Central Europe posted revenue growth of +5.0% (+3.7% organically), with all the countries in the region posteing positive organic growth.

Regarding its FY 2021 outlook, the group targets organic sales growth of over +6% (previously expected between +5% and +6%), a 2021 EBITDA margin now expected to exceed +6%. It still forecasts free cash flow (after payment of rents) in a range of 200 to 230 million euros.


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