Elis - Good start to the year with Q1 sales up 6% organically
6% organic growth, slightly ahead of our expectations and annual targetSales growth still driven by price effects and new contract winsCentral and Southern Europe +9%, Latin America +7%, while France and Scandinavia/Eastern Europe +4%.Full-year guidance confirmedForecasts unchangedTarget price revised slightly upwards to 25€, “BUY” opinion confirmedElis 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.
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