Solid growth momentum for the first nine months of the fiscal year, 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 2016-2017, corresponding to the nine months ended June 30, 2017.
Commenting on these figures, Philippe Salle, Elior Group’s Chairman and Chief Executive Officer, stated: “Our performance in the third quarter of FY 2016-2017 once again illustrates the strong momentum that is under way in the Group. Excluding the effect of voluntary contract exits, organic growth for the nine months ended June 30, 2017 came in at 3.6% despite an unfavorable calendar effect in the first and third quarters. Our recent acquisitions – which have been primarily in the United States and United Kingdom – drove up revenue by 8.3% and their successful integration into the Group combined with the measures actioned under the Tsubaki transformation plan have boosted our margins. As a result, we are confident in our outlook both for full-year 2016-2017 and going forward to 2020.”