Elis : Favourable Q3 but Q4 set to remain under pressure. EBITDA margin and FCF guidance slightly raised - little impact on our scenario
>Q3 sales down 10.6% l-f-l to € 754.6m (-11.7%e; consensus: -14.6%) - For Q3, Elis has reported a 11.8% decrease in sales to € 754.6m, a shade above our estimate (ODDO BHF: € 735.9m; consensus: € 731m). The bulk of the difference is tied to organic growth, which stood at -10.6%, while the consensus was expecting -14.6% (ODDO BHF: -11.7%). This trend reflects a gradual improvement in sales after the sharp organic decline of -26.7% in Q2 (i.e. -13.3% over 9m). In Q3, th...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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