Elis - Not surprisingly a good 1Q18
Elis, the French linen services provider, yesterday released good 1Q18 sales figures, in line with our expectations. Revenues came in at €761m, representing satisfactory organic growth of 3.1% compared to the previous year, bolstered by progress in still under-penetrated markets like LatAm (8% of sales, +18.8% organically) and Southern Europe (8%,
+4.0%).
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