Elior : Visibility still limited in the short term
>H1 a shade better than expected, but questions remain on retention - Yesterday after market, Elior published H1 results that were a shade higher expected at the EBIT level, despite a lower level of profitability in France (operating loss) but better than anticipated internationally. The group generated positive FCF in H1 (+€ 31m) thanks notably to strict control of capex (1.5% of sales) and a positive WCR effect of +€ 12m (of which € 18m linked to the securitisation ...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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