Elis Capital Markets Day 2025

Elis Capital Markets Day 2025

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Uniquely positioned for profitable and sustainable growth

A financial strategy focused on enhancing shareholder returns

London, 27 May 2025 - Elis, the leading multi-service provider of circular rental solutions for textiles, hygiene and wellness products, is today hosting its 2025 Capital Markets Day in London.

During the event, CEO Xavier Martiré and members of the senior leadership team will present the Group’s strategic priorities and medium-term financial outlook. After a decade of accelerated development, Elis now operates in 31 countries and offers a resilient, high-margin business model designed to deliver sustainable growth at scale.

Xavier Martiré, Chief Executive Officer of Elis, said:

“Our model has never been stronger: profitable, responsible, and proven across a growing number of markets. Over the past decade, Elis has established itself as a truly international platform, capable of delivering strong, resilient performance year after year. The next phase will see an acceleration in the rollout of this strategy, whose success now enables us to enhance returns to shareholders. With unmatched industrial and commercial know-how in our sector, and a proven ability to target and integrate value-creating acquisitions, Elis is ideally positioned to capitalise on the major trends driving growth across our key segments.

Our focus in the coming years will be on further deploying this strategy while enhancing shareholder returns. Operational excellence, sustainability and financial discipline will remain the guiding principles behind everything we do.”

Medium-term financial objectives

Elis announces the following financial objectives for the coming years:

• Revenue growth of +5% to +6% per year at constant exchange rates, including about +4% organic growth and +1% to +2% from targeted bolt-on acquisitions
• Average annual EBITDA margin improvement of approximately +20 basis points
• EBITDA, EBIT, and EPS growth above revenue growth
• Around €1.5 billion of cumulative free cash flow over 2025–2028, representing a +35% increase compared with the preceding four years

In parallel, Elis reaffirms the capital allocation policy announced on March 6, aimed at improving shareholder returns:

• €50–150 million per year allocated to targeted acquisitions
• Maintaining investment-grade status and continued deleveraging, limited to about -0.1x per year
• Remaining cash used primarily to enhance shareholder returns, firstly via the annual ordinary dividend, and then through share buybacks or payment of a special dividend

Under this new framework, Elis in March announced a €150 million share buyback program, in addition to a €0.45 dividend per share, up 5% from the previous year.

Elis’s strategy is built on four key pillars:

1.   Sustainable services and promotion of the circular economy

Elis’s circular rental model is central to its value proposition, enabling both operational efficiency and environmental leadership. By controlling the entire product life cycle (selection, use, laundering, repair and recycling), Elis reduces waste, lowers natural resource consumption and supports clients’ decarbonisation goals. In 2024, 69% of revenue was aligned with the EU taxonomy, the highest rate in the sector. Since 2007, Elis has reduced water use by 52%, energy by 48% and detergent consumption by 40% per kg of linen processed. The Group’s Scope 1–3 carbon targets are validated by SBTi, and Elis is rated A by CDP and Platinum by Ecovadis.

 2.   Industrial and commercial excellence

Elis operates a unique network of around 500 plants and distribution centres. Since 2007, industrial productivity has increased by +45% in flat linen and +58% in workwear, with an additional ~+2% expected annually through ongoing process optimisation. On the commercial side, reorganised field sales structures have accelerated growth in the SME segment. The strategy is supported by structural trends such as tighter hygiene standards, demographic shifts, tourism growth, service professionalisation and rising sustainability expectations. Innovation also plays a central role, from industrial automation and client digitalisation to the development of new offers in specialised segments.

3.   Consolidation of existing positions

Taking France as its operational and commercial benchmark, Elis continues to reinforce its presence in key geographies by expanding its range of services to address fully the needs of its four major end markets. The strategy relies on a sales organization capable of serving clients of all sizes. To this end, Elis is also scaling high-value-added services such as Cleanroom and Pest Control, which together generated €320 million in revenue in 2024, with strong double-digit organic growth. This organic growth strategy is complemented by highly value-creating bolt-on acquisitions in existing geographies aimed at consolidating local positions, densifying the logistics network, and introducing new service lines.

4.   Network expansion

Elis applies a disciplined, repeatable model of geographic diversification, entering and scaling in high growth-potential countries where rental-maintenance services are still underdeveloped. In Latin America, Elis has established itself as the undisputed leader. Brazil has achieved significant margin expansion since Elis entered the market just over a decade ago, driven by unmatched national coverage and a favourable outsourcing trend. Elis has since expanded to other countries in the region such as Mexico, where its expertise – unique among local players – has enabled the Group to lead in a fragmented and underdeveloped market. In Europe, the successful acquisition and integration of Berendsen added operations in 13 new countries and rebalanced Elis’s product mix toward workwear. The UK turnaround, German network optimization, and robust development in Scandinavia have all contributed to the success of this expansion. In Asia, Malaysia hosts the Group’s first regional Cleanroom platform. Looking ahead, Elis will continue to evaluate new geographic opportunities with the primary objective of creating value for shareholders.

Event information

The Capital Markets Day event will begin today at 11:30 CET / 10:30 BST.

Hotel Nobu Portman Square - 22 Portman Square, London W1H 7BG

A webcast will be available at the following link:

The presentation materials will be available at the following links: and

About Elis

As the leader in circular services, thanks to a rental-maintenance model optimized by traceability technologies, Elis innovates every day. In its 31 countries, Elis meets the needs of its customers in terms of protection, hygiene, and well-being, while assisting them in achieving their environmental objectives. With unique operational know-how and a profitable organic growth profile, Elis creates sustainable value for its shareholders, customers, employees, and the environment.

Contacts

Nicolas Buron

Director of Investor Relations, Financing & Treasury

Tel: + 33 (0)1 75 49 98 30 -

Charline Lefaucheux

Investor Relations

Tel: + 33 (0)1 75 49 98 15 -

Disclaimer

This press release may include data, information and statements relating to estimates, future events, trends, plans, expectations, objectives, outlook and other forward-looking statements relating to the Group’s future business, financial condition, results of operations, performance and strategy as they relate to climate objectives, financial targets and other goals set forth therein. Forward-looking statements are not statements of historical fact and may contain the terms “may”, “might”, “will”, “should”, “could”, “would”, “likely”, “continue”, “aims”, “estimates”, “envisions”, “projects”, “believes”, “intends”, “expects”, “plans”, “seeks”, “targets”, “thinks”, or “anticipates” or words of similar meaning. In addition, the term “ambition” expresses an outcome desired by the Group, it being specified that the means to be deployed do not depend solely on the Group. Such forward-looking data, information and statements have not been audited by the statutory auditors. These forward-looking data, information and statements are based on data, assumptions and estimates available to the Group as of the date of this press release, and that the Group considers as reasonable as of the date of this press release and which, by nature, involve known and unknown risks and uncertainties. These data, assumptions and estimates may change or be adjusted as a result of uncertainties, some of which are outside the control of the Group, relating particularly to the economic, financial, competitive, regulatory or tax environment or as a result of other factors of which the Group is not aware on the date of this press release. In addition, the materialization of certain risks, especially those described in section 2.3 “Risk factors and internal control” of chapter 2 “Corporate governance” of the Universal Registration Document for the financial year ended December 31, 2024, which is available on Elis’s website ( [elis.com]), may have an impact on the Group’s business, financial condition, results of operations, performance, and strategy, notably with respect to these climate-related objectives, financial objectives or other objectives included in this press release. Therefore, the actual achievement of climate-related objectives, financial targets and other goals set forth in this press release may prove to be inaccurate in the future or may differ materially from those expressed or implied in such forward-looking statements. The Group makes no representation and gives no warranty regarding the achievement of any climate objectives, targets and other goals set forth in this press release. Therefore, undue reliance should not be placed on such information and statements.

This press release and the information included therein were prepared on the basis of data made available to the Group as of the date of this press release. Unless stated otherwise in this press release, this press release and the information included therein are accurate only as of the date of this press release. The Group assumes no obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

This press release includes certain non-financial metrics, as well as other non-financial data, all of which are subject to measurement uncertainties resulting from limitations inherent in the nature and the methods used to determine them. These data generally have no standardized meaning and may not be comparable to similarly labelled measures used by other companies. The Group reserves the right to amend, adjust and/or restate the data included in this press release, from time to time, without notice and without explanation. The data included in this press release may be further updated, amended, revised or discontinued in subsequent publications, presentations and/or press releases of Elis, depending on, among other things, the availability, fairness, adequacy, accuracy, reasonableness or completeness of the information, or changes in applicable circumstances, including changes in applicable laws and regulations.

This press release may include or refer to information obtained from or established on the basis of various third-party sources. Such information may not have been reviewed, and/or independently verified, by the Group and the Group does not approve or endorse such information by including them or referring to them. Accordingly, the Group does not guarantee the fairness, adequacy, accuracy, reasonableness or completeness of such information, and no representation, warranty or undertaking, express or implied, is made or responsibility or liability is accepted by the Group as to the fairness, adequacy, accuracy, reasonableness or completeness of such information, and the Group shall not be obliged to update or revise such information.

Climate-related data and climate-related objectives included in this press release were neither audited nor subject to a limited review by the statutory auditors of the Group.

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