Elior: suspension of objectives for 2021-22


(CercleFinance.com) – On the occasion of its activity update, Elior Group indicates that it is suspending its objectives for the 2021-22 financial year, due to the spread of Omicron which is leading to an intensification of health restrictions, as well as an accelerating inflation in all the countries where it operates.

The collective catering and services group nevertheless confirms its longer-term ambitions, including annual organic revenue growth of at least 7% for 2022-23 and 2023-24, as well as an adjusted EBITA margin of around 4.6% in 2023-24.

Revenue from continuing operations increased by 18.1% to nearly €1.12 billion for the first three months of the 2021-22 financial year, including organic growth of 16.7%, a scope effect of -0.4% and a favorable exchange rate difference of +1.8%.

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