Elior : More visibility in the medium term but 2024 guidance relatively ambitious
>Better visibility from 2022… - At its 2021 earnings release, Elior gave 2022 guidance that offers clearer visibility, after several quarters with no guidance. The group sees a sharp recovery in business in 2022, with organic growth of at least 18% and an EBIT margin of 2.0/2.5%, or +370/420bp. Following this release, we have upgraded our expectations for 2022 and now expect organic growth of 18.8%e (vs 15.8% previously), as our previous estimates seemed too cautious ...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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