Crisis impacts mitigated and a solid level of liquidity: Elior stays the course and is focused on the future
Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in catering and support services, announces its revenue for the first nine months of 2019-20, ended June 30, 2020.
Philippe Guillemot, Elior Group’s Chief Executive Officer, said:
“We have withstood the disruptions of recent months by swiftly adapting our organization, continuing to work for the common good, and helping our clients with their own continuity and recovery plans.
The Areas sale has made the group stronger financially. Thanks to strict cash management in recent months, Elior is in a solid position even though the health crisis has impacted revenue. The trust that our clients’ places in us - as witnessed by multiple contract wins and renewals in the past quarter - is a source of great resilience.
Building on a robust foundation as a socially responsible culinary and services group with an exceptionally dedicated workforce, Elior is staying the course and is focused on the future by ramping up the execution of ongoing projects within the New Elior 2024 strategic plan.
We know that this extraordinary period will profoundly change some of our markets, particularly the business & industry segment. That is why we are already reinventing the way we work.
We will meet the challenges to come by, developing and transforming our company, using our culinary, digital, and marketing innovations, our ability to quickly invent new offerings that anticipate the needs of our guests, and our health and safety expertise.
Tomorrow—even more than today—the purpose that fuels Elior’s 110,000 employees will be to take care of our clients and to nourish our guests in their schools, care facilities and workplaces while honoring our three key commitments: to well-being, the environment, and the pleasure of a good meal.”