Elior: improved profitability in 2023-24

(CercleFinance.com) - Elior Group has announced a return to adjusted net income of nine million euros for its 2023-24 financial year, compared with -6 million in 2022-23, as well as an improved adjusted EBITA margin of 1.
7 points to 2.8%, in line with its target of at least 2.5%.

The contract catering and multiservices group posted sales from continuing operations up 15.9% to E6.05 billion, including organic growth of 5.1% (above its target of +4 to 5%) and a scope effect of +11.1%.

'The merger of Elior and Derichebourg Multiservices is now bearing fruit. We have gained market share and developed our business through new acquisitions and contracts", comments CEO Daniel Derichebourg.

For the 2024-25 financial year, Elior anticipates organic sales growth of between +3 and +5%, an adjusted EBITA margin of over 3% and a net debt to EBITDA ratio of less than 3.5 times at September 30, 2025.

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