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 2022-2023, ended December 31, 2022.
Elior Group Chairman and CEO Bernard Gault commented:
“Organic growth achieved by the Group in the first quarter of 2022-2023 remains strong. Elior continues to benefit from a Covid catch-up effect, as our volumes rebound was hindered by the first Omicron wave in the first half of the previous fiscal year. Revenue growth should continue in the months ahead with business development momentum and price increases agreed with our clients. Inflationary pressures, notably on food costs, remain strong and require maintaining renegotiation efforts, particularly with public sector clients. In parallel, in France, we started implementing measures to streamline our organization and boost operating efficiency, as introduced with our full-year 2021-2022 results. Lastly, the planned acquisition of Derichebourg Multiservices, which aims to accelerate Elior’s turnaround, is on track and proceeding on schedule.”