Elis : 2023 results in line with expectations. Organic growth expected at ~5% in 2024 and EBITDA margin expected to grow 80bp
>2023 results in line with expectations - The Elis group reported 2023 results in line with expectations. The results were characterised by: 1/ growth in EBITDA of 17.1% to € 1,474.8m (ODDO BHF: € 1,474m est.; consensus: € 1,471m). The margin therefore came to 34.2% (+130bp) which corresponds to the management’s targets, the improvement in profitability being due to price increases and the optimisation of logistics and industrial processes. 2/ Adjusted EBIT grew 25.6%...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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