(Boursier.com) — Elior fell another 1% on Friday after falling 11% yesterday, weighed down by the announcement of the suspension of financial objectives for the current financial year… Despite a rebound in turnover in the first quarter, management has explained his choice by the lack of visibility as to the impact of the restrictions put in place to stem the Omicron wave.
The group, which supplies businesses, schools, prisons, hospitals and retirement homes, has so far expected annual organic growth “of at least 18%”, and an EBITA margin of between 2 .0% and 2.5%.
Elior, whose revenues exceeded analysts’ expectations in the first quarter of its staggered financial year, nevertheless confirmed its objectives for 2024… Among the latest broker opinions, Oddo BHF lowered its target from 6.2 to 5 .4 euros with a notice to ‘underperform’.
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