Elis : Feedback from roadshow: integration of Berendsen going smoothly, scope for a bolt-on acquisition still intact
>Feedback from US roadshow with management - During a US roadshow with management (CEO, CFO, HIR), we got an update on the latest business trends, the integration of Berendsen and the group’s cash generation profile. Key takeaways: Organic growth came to +2.7% in H1 and management is confident that the full-year like-for-like growth rate will reach between 2.5% and 3%. In France, the summer season appears to have been relatively perky for the group’s Paris/Paris ...Elis is a multi-service group in the rental, laundry and maintenance of textile, hygiene and well-being items in Europe and Latin America. Co. serves hundreds of thousands of customers of all sizes, belonging to various professional customer segments: hospitality, healthcare, industry, trade and services. Co. also has a manufacturing business carried out by two entities, Le Jacquard FranASSais and Kennedy Hygiene Products which together form one of the company's operating segments.
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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