Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
May 21, 2026
AI Summary
Q2 2026

Resilient half: Elior said first-half results showed positive organic growth, resilient underlying profitability and a positive net result, even after a delayed ramp-up of new contracts and an exceptional item in Italy.

Guidance cut: Full-year organic growth guidance was lowered to 1% to 2%, and adjusted EBITDA margin is now expected to be around 3% excluding the Italian exceptional item.

Italy impact: Management said the Italy rail contract dispute was treated as exceptional, with a EUR 25 million provision booked in H1 and no further EBITDA impact expected in H2.

Cash and leverage: Free cash flow was positive at EUR 9 million, leverage rose to 3.6x, and Fitch upgraded Elior to BB- with a stable outlook.

Growth pipeline: Management said commercial momentum remains strong, with near EUR 300 million of gains and more than 25% of new wins coming from cross-selling between catering and multiservices.

Key Financials
Revenue
EUR 3.179 billion
Organic growth
1.3%
Adjusted EBITDA
EUR 95 million
Adjusted EBITDA margin
3%
Net result
EUR 21 million
Free cash flow
EUR 9 million
Net debt
EUR 1.182 billion
Leverage ratio
3.6x
CapEx
EUR 83 million
Working capital
negative EUR 52 million
Available liquidity
EUR 512 million
Italian provision
EUR 25 million
Fitch rating
BB-
Retention rate
91.4%

Other Earnings Calls

2026
2022