Statement Elior Group

Rhea-AI Summary

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.

Positive

• None.

Negative

• Uncertainty surrounding the outcome of discussions with Derichebourg may lead to potential market volatility.
• Lack of concrete details about the strategic options may concern investors about the company's direction.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Following recent press and the announcements by Elior Group (Paris:ELIOR) on 4 July and 23 November with respect to the review of strategic options, Elior Group confirms that one of these options is being discussed with Derichebourg and relates to the potential contribution by Derichebourg of its services division to Elior Group.

There is no certainty with respect to the outcome of these discussions. As indicated on 23 November, Elior Group will communicate on the outcome of this strategic review and the conclusion of any agreement. No further comment will be made until an agreement is reached or the discussion are terminated.

About Elior Group

Founded in 1991, Elior Group has grown into one of the world's leading operators in contract catering and support services and has become a benchmark player in the Business & Industry, Education, Health & Welfare and leisure markets. With strong positions in 5 key countries, the Group generated €4.45 billion in revenue in fiscal 2021-2022.
Our 97,000 employees feed over 3 million people on a daily basis in 20,250 restaurants on three continents and offer services at 2,400 sites in France.
Innovation and social responsibility are at the core of our business model. Elior Group has been a member of the United Nations Global Compact since 2004, reaching the GC Advanced Level in 2015.
For further information please visit our website http://www.eliorgroup.com or follow us on Twitter at: @Elior_Group

View source version on businesswire.com: https://www.businesswire.com/news/home/20221124005102/en/

Press contact

Antonia Krpina – antonia.krpina@eliorgroup.com / +33 (0)6 21 47 88 69

Investor relations

Kimberly Stewart – kimberly.stewart@eliorgroup.com / +33 (0)1 71 06 70 13

Source: Elior Group

FAQ

What strategic option is Elior Group considering with Derichebourg?

Elior Group is discussing a potential contribution of Derichebourg's services division.

What is the current status of discussions between Elior Group and Derichebourg?

The discussions have no certain outcome and will not be commented on until an agreement is reached or discussions are terminated.

What revenue did Elior Group generate in fiscal 2021-2022?

Elior Group generated €4.45 billion in revenue during fiscal 2021-2022.

How many people does Elior Group serve daily?

Elior Group serves over 3 million people daily across its operations.

When will Elior Group provide an update on the strategic review?

Elior Group will communicate updates regarding the strategic review after discussions with Derichebourg conclude.