Elior Group (Euronext Paris – ISIN: FR 0011950732), a world leader in catering and multiservices, releases its unaudited results for the first half of the 2024-2025 fiscal year (six months ended March 31, 2025).
In the first half of fiscal 2024-2025, Elior Group actively pursued its transformation and business development strategy launched in April 2023, delivering profitable growth and demonstrating its operating efficiency, despite a challenging environment for the sector as a whole.
- Consolidated revenue amounted to €3,213 million in first-half 2024-2025, representing year-on-year organic growth of 1.5%, driven by a 2.3% organic rise for the Contract Catering business.
- Operating profitability increased considerably, with adjusted EBITA coming in at €132 million versus €100 million in H1 2023-2024. Adjusted EBITA margin rose to 4.1% from 3.2%, up 90 basis points (+120 basis points in Contract Catering), fueled by the Group's focus over the past two years on developing profitable business.
- Net profit surged to €43 million, from €1 million in H1 2023-2024.
- The Group continued to deleverage during the period, reducing its debt by €146 million. Its leverage ratio decreased to 3.3x at end-March 2025 from 3.8x at end-September 2024, thanks to the Group’s focus on cash-flow generation and deleveraging.
For the second half of the fiscal year, the Group forecasts similar growth momentum as in the first six months and will pursue its drive to continuously improve profitability.
Based on these factors, we have updated our guidance for the full twelve months of fiscal 2024-2025 as follows:
- Organic revenue growth, focused on profitability, ranging between 1% and 2% (versus the previous guidance of between 3% and 5%).
- Adjusted EBITA margin revised upwards to between 3.3% and 3.6% (versus the previous guidance of over 3%), representing an increase of between 50 bps and 80 bps over fiscal 2024-2025.
- Confirmed leverage ratio below 3.5x at end-September 2025, comfortably lower than the 4.5x applicable in the Group's covenants.
Commenting on these results, Daniel Derichebourg, Elior Group’s Chairman and CEO, said:
“Elior Group's results for the first half of fiscal 2024-2025 clearly show how the strategy we've been implementing since 2023 is the right one – namely putting the profitability of our business at the top of our priorities. Lifting our net profit to €43 million from €1 million in the space of a year is remarkable.
Since April 2023, we’ve put in place an organizational structure that brings us closer to our clients and partners, and which will now enable us to intensify our commercial synergies and achieve further profitable growth. At the same time, the complete overhaul of our information systems – a process we launched when I took over the helm of the Group – will also boost our operating efficiency, sales momentum and the quality of our service offerings.
Thanks to the refinancing that we carried out at the beginning of the year, the Group is underpinned by a solid and lasting financial structure, which will allow us to pursue our growth drive with confidence.
I’d like to take this opportunity to thank all of our teams, whose engagement and dedication enable us to provide best-in-class services to our clients and guests on a daily basis.”