Elior demonstrates its agility and accelerates its transformation to fully benefit from the end of the crisis
Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in catering and support services, published its unaudited full-year fiscal results for 2019-2020, ended September 30, 2020, including the application of IFRS 16, unless otherwise mentioned.
Elior Group CEO, Philippe Guillemot, said: “The fiscal year 2019-2020, with this unprecedented global crisis, has been particularly difficult for the contract catering sector. Although impacted, Elior has demonstrated its resilience, as well as its ability to continue to move forward and take the initiative. Since March, we have preserved both our liquidity levels and financing capacity thanks to our agility, flexible organization, and strict cost management.
Today, our portfolio of activities means we are less exposed to the impact of the second wave and the lockdown measures. Our rigours management and contract renegotiations, and the truly outstanding commitment of our teams on the ground, have also enabled us to further strengthen ties with our customers.
We are staying the course we set ourselves when we launched our strategic plan, New Elior, and are reinforcing our differentiating factors in all our markets while accelerating our transformation and the roll-out of our new offers to emerge more competitive from this crisis and reaffirm our leadership and our ability to drive innovation in all our businesses. There are still countless opportunities in our markets.
Our teams, both in catering and services, are more mobilised than ever, ready to take up the challenges ahead. I am very confident in the future of our businesses because we now have the talent, know-how and organization to take advantage of the upcoming recovery. The anticipated rebound after the crisis and the additional revenues generated by our new offerings will enable us to return to robust growth and improve our pre-crisis margins.”