Stong H1; guidance on profitability upgraded

Elis has published solid H1 financial results with revenue organic growth at 15.2% and adj. EBITDA margin up 90bps to 33.2%. These results are slightly ahead of consensus' expectations. Management also upgraded the guidance on profitability, with notably adj. EBITDA margin edged up from 33.5% to 33

Robust Q2 results expected; FY2023 guidance might be upgraded

We anticipate positive H1 results, despite the challenging comparison between Q2 and Q1 2023. The recent protests in France have had a minimal impact on tourism nationwide and were negligible for Elis. The hospitality sector is enjoying a robust recovery in 2023, thanks to successful price increase

Bryan, Garnier & Co | ALFEN, DT, TIM, TEF, ETL, COP, ELIS, SGE

Top line hit expectations again

Elis' Q1 revenue hit expectations, coming out at EUR1,013m up 18.3% organically while the consensus was at EUR987m with organic growth of 15.6%. Although the company has simply maintained 2023 guidance, we think this is conservative and organic revenue growth could be revised upwards later. Conside

Bryan, Garnier & Co Technology Daily | McPhy, Ekinops, Elis, SES

FY 2022 a record year, 2023 guidance updated

After the publication of FY 2022 revenue, Elis has reported full year results with adj. EBITDA at EUR1.3bn, indicating a margin of 33% in line with the consensus forecast and FCF of EUR224.9m higher than the consensus figure of EUR197m. Management has updated its 2023 outlook, which is globally bet