Objectives achieved for full-year 2018-2019. New Elior ambitions confirmed
Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in catering and support services, published its fiscal results for 2018-2019, ended September 30, 2019.
Philippe Guillemot, Elior Group’s Chief Executive Officer, stated: "The year 2018-2019 was one of delivered commitments for Elior. We strategically refocused on our historical core business and mobilized our teams to start accelerating our development. While maintaining a high level of discipline in the management of our contracts, we continued to deploy our transformation plan and, as forecast, we saw our margins pick up in the second half of the year. As a result, we were able to achieve all the objectives we had set for the year.
In France, we strengthened our leading position in contract catering, driven by a renewed management team that has put in place a structured organization designed to tighten our commercial and operational discipline. More than ever, Elior is a pioneer in constantly striving to meet our guests’ new expectations, as illustrated by our experimental launch of the Nutri-Score food classification system. Elior Services continued its development and reinforced its position as a leader in the healthcare market.
Internationally, we pursued our action plans to reinforce the foundations of our operations, and we are now well on track to accelerate Elior’s development.
In selling Areas, we reduced our debt so that we can continue to innovate and support our commercial expansion. We have a clear mission: earning the trust of our guests each and every day by serving great-tasting and healthy food that is also a pleasurable moment, as well as taking care of their environment through our Services business.
Thanks to this year's results we can confirm the value-creation ambitions of New Elior 2024. Our teams are fully mobilized to reaffirm our leadership and achieve our short and mid-term objectives. In 2019-2020, we will continue to improve our operating performance, with the aim of stepping up the pace of our organic growth and improving our margins, in line with our mid-term ambitions”.