Elior Group SA
OTC:ELROF
Elior Group SA
Elior Group SA engages in the provision of contract and concession catering services. The company is headquartered in Paris, Ile-De-France and currently employs 98,755 full-time employees. The company went IPO on 2014-06-11. The firm caters to a number of sectors in the domains of business, education, as well as healthcare, among others. The Elior Group model relies on three main activities: contract catering, concession catering and support services. The activities are organized around two main commercial brands: Elior, which encompasses catering offers dedicated to business and industry, and Elior Services, which encompasses cleaning solutions aimed in particular at healthcare facilities and sensitive industrial environments, along with facility management services.
Elior Group SA engages in the provision of contract and concession catering services. The company is headquartered in Paris, Ile-De-France and currently employs 98,755 full-time employees. The company went IPO on 2014-06-11. The firm caters to a number of sectors in the domains of business, education, as well as healthcare, among others. The Elior Group model relies on three main activities: contract catering, concession catering and support services. The activities are organized around two main commercial brands: Elior, which encompasses catering offers dedicated to business and industry, and Elior Services, which encompasses cleaning solutions aimed in particular at healthcare facilities and sensitive industrial environments, along with facility management services.
Revenue Growth: Elior Group reported fiscal year '21-'22 revenue of EUR 4.5 billion, up 20.6% from the prior year, driven by strong organic growth and favorable currency effects.
Profitability: Adjusted EBITA was nearly breakeven, at negative EUR 6 million excluding Preferred Meals, marking an improvement from the previous year's EUR 19 million loss.
Contract Wins & Retention: The company achieved a record retention rate of 93.2% and secured major contract renewals, including Trenitalia and Ramsay.
Inflation Response: Price renegotiations have covered much of the inflation impact, with 67% of contracts renegotiated; the full benefit expected in '22-'23.
Self-Help Initiatives: Cost-saving and efficiency measures, including central kitchen reorganization and asset-light strategy, are ongoing to restore margins.
Debt & Liquidity: Net debt remained stable in H2; available liquidity stood at EUR 399 million at September 2022.
Outlook Reaffirmed: Management reaffirmed guidance for at least 8% organic growth and an EBITA margin of 1.5%–2% for '22-'23, with 4% EBITA margin targeted for '23-'24.
