Elior Group SA

ELIOR

Equity

ISIN FR0011950732 / Valor 24571415

Euronext - Euronext Paris (2024-12-23)

EUR 2.71-1.02%

Elior Group SA
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About company

Elior Group SA is a prominent player in the business & industry, education, healthcare, and leisure markets, offering a wide range of catering and support services to various sectors. The company places a strong emphasis on innovation and social responsibility in its business model, striving to meet the diverse needs of its clients while also contributing positively to society. With a focus on delivering high-quality services and fostering sustainable practices, Elior Group aims to maintain its position as a leader in the industry.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Elior Group SA reported consolidated revenue of €3,123 million for the first half of the 2023-2024 fiscal year, reflecting a 26.0% increase compared to the same period last year. This growth includes 5.9% organic growth, a 0.7% negative currency effect, and a 20.8% positive impact from changes in the scope of consolidation, primarily due to the inclusion of Derichebourg Multiservices.

Adjusted EBITA

For the first half of 2023-2024, Elior Group SA's adjusted EBITA more than doubled to €100 million from €41 million in the previous year. The adjusted EBITA margin improved by 150 basis points, reaching 3.2%. This increase was driven by price adjustments that offset inflation and operational efficiency gains amounting to €29 million, including €9 million in synergies.

Net Profit

Elior Group SA achieved a net profit of €1 million for the first half of 2023-2024, a significant turnaround from the €23 million net loss recorded in the same period of the previous year. This improvement was attributed to higher operating profitability and effective cost management, despite an increase in net financial expenses and income tax charges.

Free Cash Flow

The company generated a positive free cash flow of €169 million in the first half of 2023-2024, a substantial improvement from the negative €15 million reported in the same period last year. This increase was supported by a strong cash inflow from operating working capital, including a reversal of a temporary negative movement related to securitized and factored receivables.

Debt Reduction

Elior Group SA reduced its net debt by €137 million during the first half of 2023-2024, bringing it down to €1,256 million as of March 31, 2024. The leverage ratio, calculated as net debt to adjusted EBITDA, improved to 4.1x, below the 5.25x threshold set for the covenant test. The group's available liquidity also increased to €342 million.

Summarized from source with an LLMView Source

Key figures

-2.94%1Y

-54.6%3Y

-79.3%5Y

Performance

56.3%1Y

64.1%3Y

63.6%5Y

Volatility