Elis : FCF should remain >€ 150m but the debt burden and still difficult context prompts greater caution in the short term. Neutral vs Buy
>Signs of a recovery but the trend is set to remain difficult in H2 - Ahead of the publication of H1 results, we have revised our full-year revenue forecasts for Elis and have factored in a less robust summer season than previously estimated. We have thus lowered our estimates for full-year revenues by 5.8% to € 2,735m. Our takeaways are as follows: 1/ At the publication of Q1 revenues (down -1.8% l-f-l), the group reported a decline of around 40% in April, including ...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.