(AOF) – Elis’ turnover in the first quarter of 2024 increased by 7.8% to 1.09 billion euros. “This growth is driven by the group’s numerous commercial initiatives aimed at taking advantage of ongoing outsourcing in many sectors; price adjustments implemented in 2023 and early 2024 to offset inflation in our costs also largely contribute to the good quarterly performance,” declared Xavier Martiré, Chairman of the Management Board of Elis.
Over this first quarter, turnover in France increased by 4.3% (entirely organic), driven by growth in professional clothing (industry, commerce & services) and flat linen (hotels, restaurants and health). ). Price dynamics are good, driven by the adjustments put in place to compensate for inflation in the group’s costs.
In addition, Elis confirmed its financial objectives for the year 2024, as mentioned on March 7. The group anticipates organic revenue growth expected at around 5%, with an adjusted Ebitda margin expected close to 35%.
It still expects a stable expected adjusted Ebit margin compared to 2023, at around 16%.
Current net income per share is expected above 1.75 euros on a diluted basis and free cash flow at around 340 million euros.
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