Elior : Operating recovery under way, visibility strengthened
>Reassuring initial operating improvements at end FY 2019 … - Elior’s FY 2019 results were reassuring and imply an operating recovery in H2, with an improvement of +40bp in the EBIT margin. This improvement is being underpinned by France (+44bp over the year with +130bp in H2), whereas the increase in central costs (€ 23m vs € 15m in 2018, incl. IT expense), still-significant D&A and soft margins in international catering (-10bp on the year) took a toll. Elior highl...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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