Report
Joan Sehim
EUR 200.00 For Business Accounts Only

Elis' 1h18 results were good, berendsen on track

Elis, the French linen services provider, reported good 1H18 results. Sales came in at €1,534m, up 2.1% organically, and EBITDA reached €469m (30.6% margin) against €435m (29.4%) last year. The home French market (33% of sales) is doing well, up 1.9% organically thanks to good activity in hospitality.

Underlying
Elis SA

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.

Provider
Spread Research
Spread Research

​Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

 

Analysts
Joan Sehim

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