Elior : More caution ahead of the H1 results in mid-May
>FY 2021 was worse than expected - Following Sodexo’s results publication and a company contact, we have once again downgraded our estimates to factor in a H1 likely to be worse than expected. The pandemic restrictions in France were eased only as of mid-May (Omicron having weighed on almost four months out of six in H1) which, combined with the surge in inflation, should act as a drag on the group’s profitability. As such, we now forecast sales of just € 4.28bn with ...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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