9-month performance in line with forecasts; full-year outlook confirmed
Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world's leading operators in the catering and support services industry, today released its consolidated revenue figures for the first nine months of fiscal 2018-2019, corresponding to the nine months ended June 30, 2019.
Commenting on these figures, Philippe Guillemot, Elior Group’s Chief Executive Officer, said: “Our third-quarter performance was in line with our expectations, even slightly exceeding them, especially in France. Our strategy is beginning to pay off and we are seeing strong commercial momentum while continuing to rigorously select our contracts. In view of this, we are confident that we will be able to achieve all of our full-year objectives. In terms of margins we have passed the turning point and are now on an upward trajectory.
During the third quarter of the fiscal year we completed the sale of Areas, opening a new chapter in the history of our Group, which is refocused on its core business. Armed with a stronger balance sheet, we now have the resources to speed up our expansion and better meet the challenges of the contract catering and services sectors as well as new types of customer expectations. Our teams act as the standard bearers of our Group’s values on a daily basis, particularly in terms of culinary innovation and the need to invent a more environmentally-friendly approach to catering.”