Elior : What to expect from the 2019 results publication? (04/12 before trading)
>A high-stakes 2019 publication: what of the margin in H2? - Elior is due to publish 2019 results (to end-September) on 4 December before trading. This is a high-stakes publication with H2 2019 the inflection point for the improvement in the EBIT margin. We think that the guidance for an organic decline of -1% for the scope of consolidation after the divestment of the concession catering business, i.e. for contract catering, is achievable (ODDO BHF and consensus at -1...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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