Elior : Q3 better than expected but little visibility for the short term
>Current trading better than expected in Q3 2022 - Elior released its current trading figures for Q3 2022 yesterday before trading, beating expectations with organic growth at 25%. Besides the progress achieved in all the group’s regions, we would also emphasise that the retention rate improved albeit from a low level to 92.0% (vs 91.3% at end-H1 2022). Elior pointed out that it had renegotiated 47% of its contracts at end-June (vs 37% at end-March, the aim being to p...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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