Full-year results in line with guidance. Review of strategic options for Areas in process
Elior Group reports 4.2% annual revenue growth, of which 3.0% is organic growth. The adjusted EBITA margin is 4.3%. The Capex is contained at €288 million. The Group is assessing the separation of its concession catering business. The recommended dividend is €0.34 per share.
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 results for fiscal 2017-2018, corresponding to the twelve months ended September 30, 2018.
Commenting on these results, Philippe Guillemot, Elior Group’s Chief Executive Officer, said: “Fiscal 2017-2018 marked the beginning of a new chapter for the Group. With a strengthened management team and a clearer organizational structure, we have now laid the foundations for the Group’s in-depth transformation. We met our objectives for the fiscal year, with 3% organic revenue growth, an adjusted EBITA margin of 4.3%, and capex contained to below the €300 million mark. We have embarked on fiscal 2018-2019 in good shape to deliver on the Elior Group 2021 strategic plan and stabilize our performance over the year. We are bringing together our key talents, expertise and know-how, which will enable us to seize the numerous opportunities available in our markets. In order for our businesses to expand more rapidly, we have launched a review of the potential strategic options for our concession catering business. Spinning off this business would potentially give each of our other activities more room for maneuver and result in higher value creation.”