Report
Mohamed Mansour (IDMidCaps)

Elis - Europe's leading textile rental and care company

Elis is the European market leader in textile rental and cleaning, with market shares of between 40% and 50% in some regions. The group is the sole consolidator and by far the biggest player in the sector.In the five years prior to the covid crisis, the group had recorded organic growth averaging 2.7%. In 2017, the company made the most important acquisition in its history by integrating the Berendsen Group. Following this M&A operation, the group became the European market leader.In 2020, the closure of restaurants and hotels due to the health crisis severely penalized the Group's business. Organic sales
Underlying
Elis SA

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.

Provider
Degroof Petercam
Degroof Petercam

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Analysts
Mohamed Mansour (IDMidCaps)

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