Elis : Q3 revenues without surprises, 2024 guidance confirmed
>Q3 revenues close to expectations (€ 1,184.9m vs € 1,193.8m est.; consensus € 1,185m) - Elis published Q3 revenues up 5.5% to € 1,184.9m, close to our estimates (€1,193.8m; gap 0.7%) and in line with consensus expectations (€ 1,185m). On a like-for-like basis, revenues rose by 4.9%, in line with our forecasts. After 5.5% growth in H1 revenues LfL (+6.4% in Q1 and +4.6% in Q2), revenues were up 5.3% LfL over the first 9 months of the year, which is a good performance...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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