(CercleFinance.com) – UBS estimates that the results for the 1st quarter of 2023 are broadly in line. Following this publication, the analysis office confirms its neutral advice on the value with a price target of 3.2 E.
Elior reported revenue of €2,478 million (vs. €2,444 million expected by UBSe, consensus €2,440 million) in the first half of 2023, with organic growth of 14.1% (UBSe 10.9%, consensus 12.3%), an adjusted EBITA of 41 million euros (UBSe 35 million euros, cons 42 million euros), with a margin of 1.7%’ indicates UBS .
Expecting weaker organic growth in the second half than in the first, Elior now anticipates for the current financial year, organic revenue growth of around 10% and an adjusted EBITA margin down from its initial range of 1 .5 to 2%.
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