Elior : Visible progress
>Reassuring H1 2024 results on the improvement in profitability, buoyed by the ramp-up of synergies and work on costs - Yesterday before trading, Elior published reassuring H1 2024 operational results, notably in terms of profitability. As such, at 3.2% the H1 EBIT margin suggests an improvement of 150bp, a shade above our forecast (3.0%) and the consensus (2.8%). The group continues to deploy cost synergies between its catering and multi-service activities since the...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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