Elior : The results of the strategic review should be the next catalysts before a slow operating improvement
>FY 2022 publication slightly beats forecasts but at a very low operational level - Elior released its FY 2022 results before trading yesterday, 2% above expectations. In this publication, we note a significant improvement in the retention rate (93.2%, +180bp) but we remain disappointed by: 1/ the group’s operating loss of -€ 6m (excluding the preferred meals loss at -€ 42m, an asset now outside the scope), and; 2/ fresh cash consumption in Q4, giving total cash burn...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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