Elis is a multi-service group in the rental, laundry and maintenance of textile, hygiene and well-being items in Europe and Latin America. Co. serves hundreds of thousands of customers of all sizes, belonging to various professional customer segments: hospitality, healthcare, industry, trade and services. Co. also has a manufacturing business carried out by two entities, Le Jacquard FranASSais and Kennedy Hygiene Products which together form one of the company's operating segments.
  • TickerELIS
  • ISINFR0012435121
  • ExchangeEuronext Paris
  • SectorSupport Services
  • CountryFrance

Elis: 1 director bought

A director at Elis bought 2,500 shares at 10.950EUR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Growth Over Value We continue to see coronavirus concerns as helping correct the excess bullish sentiment in the short-term. Additionally, considering the dearth of breakdowns, we continue to believe this is a bull market until proven otherwise and a “buy the dip” strategy remains warranted. • Major Indexes Holding Up Well. As mentioned above, breakdowns in major indexes are hard to come by. EM (MSCI EM), China (MSCI China), Europe (STOXX 600), MSCI ACWI, ACWI ex-US, and EAFE have all pulled back to their 50-day MAs, while Japan (TOPIX) appears to be finding support at its 100-day MA. With s...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Bullish Developed Markets Stocks

Favor EAFE over EM The U.S. dollar remains elevated and as long as this remains the case we believe developed international equities (EAFE) will continue to outperform relative to emerging markets (MSCI EM)... see charts below. Below we highlight attractive and actionable themes within developed international: • Australia. Australia's All Ordinaries index exhibits bullish price and RS trends, a rarity when it comes to global markets considering most country-specific indexes display neutral or negative price trends. We highlight several Australian names, and would use recent broad market weak...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Fed cut, now what? The Fed's 25 bps cut and Powell's evasiveness in committing to a new easing cycle was seen as more hawkish than expected. In our opinion Powell was essentially saying the Fed will act as appropriate moving forward, and we can't blame him considering this was largely an “insurance cut” as opposed to a rescue attempt to avoid recession, and we may or may not need additional insurance moving forward. Overall the weight of the evidence supports further consolidation - i.e., no breakouts for now - on the broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM), and considering...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Not too bullish, not too bearish Despite several indexes recently touching new 52+ week highs, broad global indexes (MSCI ACWI, ACWI ex-US, EAFE, and EM) remain near logical resistance, and indicators continue to send mixed signals. As a result we are hesitant to get too bullish or bearish. Instead we want to focus on Sector/Group/industry themes where we bottoming price and RS, or attractive pullback opportunities within established price and RS uptrends. Below we highlight some of these themes along with indicators that support our overall constructive -- yet tempered -- outlook. • Positiv...

Jérôme VINERIER

Analyse court terme - ELIS SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 17,60 € prochainement. Le prochain objectif est à 16,04 €, puis 14,70 €. Le franchissement de 20,50 € remettrait en cause la suite de la baisse.

Elis: 1 director bought

A director at Elis bought 2,500 shares at 10.950EUR and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Christophe Chaput ...
  • Hela Zarrouk

Elis : H1 2020 results above forecasts – 2020 EBITDA margin and FCF expected in line with 2019

>Satisfactory H1 results: EBITDA at 32.5% of sales, +20bp (vs 29.5%e) - Elis reported robust interim earnings above forecasts, marked by 1/ a sales drop of 15.7% to € 1,351.7m (vs € 1,309.7m est.; consensus: € 1,326m) of which -14.7% organic. In Q2 alone, l-f-l sales were down -27% (Oddo BHF: -32% est.). By region, we have factored in H1 (l-f-l) a stronger drop in the areas most exposed to the hospitality sector (France: -20.5%, UK and Ireland: -26.3% and southern Eur...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Résultats S1 2020 supérieurs aux attentes – Marge d’EBITDA et FCF 2020 attendus en ligne avec 2019

>Résultats S1 satisfaisants : EBITDA à 32.5% du CA, +20pb (vs 29.5%e) - Au titre de son premier semestre, Elis publie des résultats supérieurs aux attentes qui se caractérisent par : 1/ une baisse du CA de 15.7% à 1 351.7 M€ (vs 1 309.7 M€e ; Css : 1 326 M€), dont -14.7% en organique. Sur le seul T2, le CA à ptcc recule de -27% (ODDO BHF : -32%e). Par zone géographique, nous retenons sur le S1 (à ptcc) une baisse plus marquée dans les zones les plus exposées au secteu...

Christophe Chaput ...
  • Hela Zarrouk

Elis : FCF should remain >€ 150m but the debt burden and still difficult context prompts greater caution in the short term. Neutral vs Buy

>Signs of a recovery but the trend is set to remain difficult in H2 - Ahead of the publication of H1 results, we have revised our full-year revenue forecasts for Elis and have factored in a less robust summer season than previously estimated. We have thus lowered our estimates for full-year revenues by 5.8% to € 2,735m. Our takeaways are as follows: 1/ At the publication of Q1 revenues (down -1.8% l-f-l), the group reported a decline of around 40% in April, including ...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Le FCF restera > à 150 M€ mais le poids de la dette et une activité qui restera difficile poussent à plus de prudence à CT. Neutre vs Achat

>Des signes de reprise mais la tendance restera difficile sur le S2 - En amont de la publication des résultats S1, nous avons revu nos estimations de CA pour Elis sur l’ensemble de l’année et intégré une saison estivale moins soutenue que nous ne l’estimions. Nos estimations de CA FY sont ainsi abaissées de 5.8% à 2 735 M€. Dans le détail, nous retenons que : 1/ lors de la publication du CA T1 (en baisse de -1.8% à ptcc), le groupe communiquait sur un mois d’avril en ...

Stephane Houri

Ageas : Digitalisation post-COVID : quelles conséquences sur nos secteurs et valeurs ?

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. - >Digitalisation accélérée, pas de retour en arrière - La crise du COVID-19 va sans aucun doute accélérer l’utilisation du numérique dans la société en général. Le télétravail a ...

Amaury Baudouin ...
  • Valentino Teobaldo Daprile

Elis S.A.: Rating Report

On 27 March 2020, DBRS Morningstar confirmed its issuer rating of Elis S.A. at BBB (low) with a Stable trend. For insight beyond the rating, see the rating report.

Amaury Baudouin ...
  • Valentino Teobaldo Daprile

DBRS Morningstar Confirms Elis S.A.’s BBB (low) Issuer Rating

Please refer to PDF document for more detail about our research: DBRS Morningstar Confirms Elis S.A.’s BBB (low) Issuer Rating

Delphine Chauvin

Elis : Deleveraging to speed up this year

Elis is an issuer firmly positioned at the upper end of the BB category, with a resilient business model and conservative financial management. We have a Stable Credit Opinion, as we do not anticipate further upgrades by rating agencies in the near term. - - >Support factors - - One of Europe’s biggest providers of rental and laundry services for textiles and work clothing, with leading positions in its core markets: number one in France (33% of sales), the UK & Irelan...

Delphine Chauvin

Elis : Un désendettement qui devrait s’accélérer cette année

Elis demeure un émetteur bien positionné dans le haut de la catégorie BB, avec un business model résilient et un management qui conserve une gestion financière prudente. Notre Avis Crédit est Stable, n’anticipant pas de nouveaux upgrades de la part des agences de rating pour l’instant. - >Facteurs de soutien - - L’un des plus grands acteurs en Europe des services de location-entretien de linge et vêtements de travail, avec des positions de leaders dans les principaux p...

Joan Sehim

Elis' 1h18 results were good, berendsen on track

Elis, the French linen services provider, reported good 1H18 results. Sales came in at €1,534m, up 2.1% organically, and EBITDA reached €469m (30.6% margin) against €435m (29.4%) last year. The home French market (33% of sales) is doing well, up 1.9% organically thanks to good activity in hospitality.

Christophe Chaput ...
  • Hela Zarrouk
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 06/29/2020

Verallia is the leader in Europe and the third-biggest player globally in a glass packaging market offering sustainable growth closely correlated to GDP. While this momentum is likely to be put on hold by the current health crisis, the group’s strategy of controlled growth, its operational excellence programme and high-end positioning should help it restore stronger earnings growth as early as 2021 (2020-22 CAGR +10% for EBITDA, +20% for operating profit). We are initiating coverage o...

Christophe Chaput ...
  • Hela Zarrouk
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 29/06/2020

Leader européen et n°3 mondial, Verallia évolue sur le marché de l’emballage en verre qui croit de manière pérenne avec une forte corrélation avec le PIB. Le contexte actuel va ponctuellement affecter cette dynamique. La stratégie du groupe repose sur une croissance maîtrisée, un programme d’excellence opérationnelle et une offre haut de gamme qui devrait favoriser un retour à une dynamique bénéficiaire dès 2021 (TMVA 2020/22 +10.0% pour l’EBITDA, +20% pour le RO). Initiation à Achat ...

Alain William ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Hana Maalej
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 04/29/2020

...

Thanks to a better fundamental star rating, ELIS sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ELIS (FR), active in the Business Support Services industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date May 26, 2020, the closing price was EUR 10.77 and its expected value was estimated at EUR 10.25.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Elis - Assemblée Générale des actionnaires du 30 Juin 2020

Proxinvest attire l’attention des actionnaires sur plusieurs points. Tout d’abord sur la nomination d'Amy Flikerski, Proxinvest recommande de voter contre au regard d’une surreprésentation de l’actionnaire CPP Investment. En effet, a société comporte déjà un membre lié à CPP Investment. De ce fait, deux membres sont liés à cet actionnaire ce qui représente 22% des sièges alors que l’actionnaire ne détient que 12% du capital. Ensuite concernant la rémunération de Xavier Martiré, Proxinvest va aussi recommander de s’opposer à cette résolution. En effet, au regard des montants attribués nous ne...

Elis - Assemblée générale des actionnaires du 23 mai 2019

La présente résolution propose le renouvellement de 4 membres du conseil et la ratification d'un nouveau membre. Au regard de l'indépendance du conseil et du respect des recommandations de Proxinvest , l'ensemble de ces résolutions seront soutenues. Ensuite concernant les rémunérations, Proxinvest recommandera d'approuver les rémunérations 2018 et 2019 des membres du Directoire à l'exception de celles du Président du Directoire au regard des montants en jeu.

Jehanne Leroy

Proxy Report - 18/05/2018

Le principal sujet de cette assemblée générale est l'augmentation des rémunérations fixes des dirigeants pour 2018 (+45% pour le Président du Directoire). Cette augmentation du fixe, sans qu'aucune contrepartie comme l'abaissement du bonus maximum par exemple ou de la part long-terme ne soit mise en place, porte la rémunération totale maximum du Président du Directoire à 4,86 M€ pour 2018, soit plus de 240 SMICs, notre plafond socialement acceptable et plus de 219% de la médiane des rémunérations des dirigeants du SBF 120 (et plus de 118% de la médiane du CAC40). Cette politique de rémunérati...

Etude de l'AG du 31/08/2017

Une assemblée générale extraordinaire est convoquée dans le cadre du projet d'acquisition de la société Berendsen par Elis. L'offre est composée d’une part en numéraire et d’autre part en actions et consiste en l’acquisition de chaque action Berendsen contre la remise de 5,40 £ et 0,403 action nouvelle Elis. D'un point de vue stratégique, l'opération est pleinement justifiée et ses conséquences semblent acceptables en terme de gouvernance. Les conditions financières laissent apparaitre une prime très importante qui traduit les négociations avec Berendsen et qui semble être compensée par l'int...

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