Elior : H1 2021/22 might be much more difficult than expected
In its last Equity Flash published on April 7 ("More caution ahead of the H1 results in mid-May"), our Equity analyst revised downwards its forecasts on Elior to take into account a H1 2021/22 that is likely to be much more difficult than expected, still impacted by health restrictions, while food price inflation is putting additional pressure on margins. According to his new estimates, Elior's net debt/EBITDA ratio might rise to ~7x at 30/09/22, while the maximum debt leverage s...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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