While pandemic impact persists, Elior Group is squarely focused on the future, controlling costs and bolstering liquidity
Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in catering and support services, announces its first half results for fiscal 2020-2021, ended March 31, 2021.
Philippe Guillemot, Elior Group’s Chief Executive Officer, said: “The Covid-19 pandemic has been impacting our businesses since the first lockdowns were imposed in Europe and the US over a year ago. Given that our volume trends currently depend on the public health situation, we continue to focus our efforts on operating costs and available liquidity. Our teams on the ground are poised to adapt to our clients’ needs.
We are squarely focused on the future and continue to accelerate our transformation. For example, we have just acquired Nestor, a start-up that prepares high-quality menus for grouped delivery in urban areas. By anticipating tomorrow’s needs, we will be well positioned to profit fully from the post-crisis rebound.
In the short term, with vaccination numbers rising and public health restrictions easing to different degrees, we expect to see contrasting business trends in the second half of the fiscal year in the various countries where we operate.
In the medium term, once Covid-19 restrictions are lifted, I am confident that our excellent positioning and streamlined operating cost structure will enable us to return to solid growth and generate even better margins than before the crisis.”