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Elior Group, a leading catering and support services operator, reported first-quarter revenues of €1.225 billion for fiscal 2022-2023, marking an 11.7% organic increase year-over-year, driven by a strong business development momentum. The retention rate improved to 91.5%, with 73% of contracts successfully renegotiated, resulting in €234 million in price increases. However, available liquidity decreased to €307 million. Despite inflationary pressures on food costs, the company maintains an outlook of at least 8% organic revenue growth for fiscal 2022-2023 and ambitions for 2024, including a 4% adjusted EBITA margin.
On December 31, 2022, ELIOR GROUP reported its liquidity contract status with NATIXIS ODDO BHF. The liquidity account showed 86,637 shares and €333,165. Initially, at contract establishment, it had 91,782 shares and €329,518. Between July 1 and December 31, 2022, a total of 2,345 purchase transactions and 2,473 sale transactions were executed. In this period, 1,829,571 shares were traded for purchases amounting to €5,138,789, while sales totaled 1,949,343 shares worth €5,415,309. Detailed information is available on the company’s website.
Elior Group has filed its Universal Registration Document for fiscal 2021-2022 with French securities regulator AMF on December 23, 2022. This document includes the annual financial report, consolidated and parent company financial statements, management report, and Statutory Auditors’ reports. Additionally, it contains a special report on related-party agreements, corporate governance insights, and details about the share buyback program. The English version will be released soon. Elior Group generated €4.45 billion in revenue during fiscal 2020-2021.
Elior Group has signed a Memorandum of Understanding to acquire Derichebourg Multiservices, creating a global leader in contract catering and multiservices with approximately 134,000 employees. The all-stock transaction values Derichebourg at €450 million, with an expected run-rate EBITDA synergy of at least €30 million by 2026. This acquisition is projected to double-digit accretive for EPS by FY2024. Daniel Derichebourg will be appointed Chairman and CEO of Elior Group post-transaction, which requires shareholder approval in April-May 2023.
Elior Group (Euronext: ELORY) announced a relaxation of its leverage ratio from 4.5x to 6x as of September 30, 2023. This adjustment comes from the company’s banks, indicating a favorable shift in its financial covenants. Founded in 1991, Elior Group is a leading player in contract catering and support services, generating €4.45 billion in revenue in fiscal 2020-2021 and employing 97,000 workers across its operations. The company is committed to innovation and social responsibility, being a member of the United Nations Global Compact since 2004.
ELIOR GROUP reported its share and voting rights statistics as of November 30, 2022. The company has a total of 172,444,229 shares and 172,444,229 total voting rights. After accounting for shares without voting rights, the net total of voting rights stands at 172,384,210. The press release also emphasizes the obligations for shareholders to notify the company upon exceeding or falling below the 1% threshold of shares or voting rights.
Elior Group, a leading contract catering and support services operator, is in discussions with Derichebourg regarding a potential contribution of its services division. This follows previous announcements about reviewing strategic options. There is currently no certainty regarding the outcome of these talks, and further communication will only occur post-agreement or if discussions end. In fiscal 2021-2022, Elior Group reported revenues of €4.45 billion, serving over 3 million people daily across various sectors.
Elior Group reported a strong fiscal 2021-2022, with revenues of €4.45 billion, up 18.3% from €3.69 billion in 2020-2021. Q4 revenues approached 95% of pre-COVID levels. The retention rate reached 93.2%, up from 91.4% last year. Adjusted EBITA showed improvement, with losses narrowing to -€6 million from -€19 million. Net financial debt rose to €1.217 billion. For 2022-2023, Elior targets at least 8% organic revenue growth and an adjusted EBITA margin of 1.5-2.0%. The company reaffirmed its CSR commitments and aims for profitable growth by 2024.
Elior Group has announced its total number of shares and voting rights as of October 31, 2022. The company has a total of 172,444,229 shares and a gross total of 172,444,229 voting rights. The net total of voting rights amounts to 172,326,825. Shareholders exceeding the 1% threshold of shares or voting rights must notify the company within five trading days. The company is listed on Euronext Paris with ISIN code FR0011950732.
The latest regulatory announcement from Elior Group, dated September 30, 2022, reveals a total of 172,444,229 shares and a gross total of 172,444,229 voting rights. The net total of voting rights is 172,260,902 after deducting shares without voting rights. Shareholders are reminded of their obligation to notify the company upon reaching a 1% threshold in shares or voting rights ownership. This statement serves to ensure compliance with articles of the French Commercial Code and AMF General Regulation.
