Elior : COVID-19 impact more significant than expected, but reassuring elements on liquidity
>H1 broadly in line with reassuring elements on liquidity - Yesterday before market open, Elior reported preliminary figures for H1 2020, which will be published in full on 27 May. This publication was broadly in line with our forecasts (EBIT margin of 2.1%), suggesting a marked deterioration in activity in mid-end March with the introduction of lockdown measures in all of the groups markets, Italy (c.10% of sales), France (45%) and the US (25%). The impact of the loc...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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