ELIOR GROUP : UBS confirms its recommendation on the stock
Elior reported sales of €2,478 million (vs. €2,444 million expected by UBSe, consensus €2,440 million) in the first half of 2023, with organic growth of 14.1% (UBSe 10.9%, consensus 12.3%), adjusted EBITA of €41 million (UBSe €35 million, consensus €42 million), and a margin of 1.7%', says UBS.
Expecting weaker organic growth in the second half of the year than in the first, Elior now anticipates organic sales growth of around 10% for the current financial year, and an adjusted EBITA margin towards the lower end of its initial range of 1.5 to 2%.
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