Report
Johanna Jourdain ...
  • Matthias Desmarais

Elior : Q3 sales on 27 July: Too soon to return to the stock!

>Satisfactory Q3 sales (April-June) despite complicated base effects - We look for Q3 sales of € 1,062m, up 16.3% with organic growth of 12.6% (H1 2022 at 18.0% but Q3 2021 at +39.1% vs H1 2021 at -22.3%). With France set to see a sequential acceleration to 13% (vs 9.5% in Q1 and 11.9% in Q2) reflecting the easing of health constraints (felt in the business and education segments), the international division should nonetheless see a slowdown in Q3 at 12.3% (24.1% in H...
Underlying
Elior Group SA

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).

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Johanna Jourdain

Matthias Desmarais

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