Elior : Disappointing 2019 guidance, concession disposal to act as a “triggerâ€
>2018 earnings in line, but unsurprising - Full-year sales came in at € 6.69bn, 0.2% short of our expectations, with in-line organic growth of 3.0%. EBITA came to € 285m (Oddo BHF € 291me), pointing to an operating margin of 4.3%, down 100bp (mainly due to the contract catering business). This is no surprise relative to the group’s last release, coming at the time of its confirmation of the examination of the strategic options for the concession business. The sharp d...Elior is a contracted food and support services group based in France. Co. provides personalized catering and service solutions to 3.7 million customers in the business & industry, education, healthcare, leisure and travel markets through 17,500 restaurants and points of sale in 13 countries. Co. offer solutions in two core segments, Contract Catering & Support Services (provides foodservice solutions to Business & Industry, Education and Healthcare as well as support services for facilities management and cleaning services) and Concession Catering & Travel Retail (food service solutions for motorways, airports, railway stations and leisure).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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