Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in catering and support services, announces its revenues for the first quarter of fiscal 2021-2022.
Philippe Guillemot, Chief Executive Officer of Elior Group, commented: “Strong revenue growth in the first quarter of 2021-2022 builds on the rebound in activity in the fourth quarter of the previous fiscal year and confirms the work undertaken by our teams over the last two years.
However, since early December, the Group has been affected by the tighter health protocols implemented to stem the Omicron wave in all our markets, notably a widespread return to working-from-home, class closures, and unforeseen absences. Because of these disruptions, daily volumes are difficult to anticipate, which in turn impacts the quantities we produce and how we organize our teams.
We proved our capacity to bounce back in both the fourth quarter of fiscal 2021 and the first quarter of fiscal 2022 and are therefore confident we will achieve our ambitions for 2024. This said, in the short term, given the health context, we are suspending our financial guidance for the current fiscal year.
We reaffirm our CSR commitments, which are central to our ambitions and value proposition.”