Solid growth in revenue for the first nine months of the fiscal year and objectives for the full twelve months confirmed
Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world's leading operators in the catering and related services industry, today released its consolidated revenue figures for the first nine months of fiscal 2015-2016, corresponding to the nine months ended June 30, 2016, announcing 3.3% revenue growth of which 3.5% organic growth excluding the impact of voluntary contract exits and confirming full-year objectives.
Commenting on these figures, Philippe Salle, Elior Group's Chairman and Chief Executive Officer, stated: "Our performance in the third quarter of 2015-2016 confirmed the strong trends seen since the beginning of the fiscal year. Excluding the effect of voluntary contract exits – which mainly affected the contract catering business – organic growth for the nine months ended June 30, 2016 came in at 3.5%. The acceleration in growth reported by the Group's international contract catering operations, notably in the United Kingdom and the United States, proves that we have got our business development strategy right. And our acquisitions of Preferred Meals in the United States and Waterfall Catering Group in the United Kingdom will enable us to continue to strengthen our positions in these two countries. In the concession catering business, international operations continued to drive growth. We are standing by our objectives for the full fiscal year and we confirm the Group's longer-term outlook."