2019 Record Revenue for Elis

In a statement on 4 March, Elis CEO Xavier Martire announced that company revenue rose by 4.7% to a record €3.3bn, with a very good organic growth of +3.3%. The company also reported “very satisfying” 2019 full-year financial results. EBITDA margin – a measure of a company’s operating profit as a percentage of its revenue – excluding IFRS (International Financial Reporting Standard) 16 remained solid at 31.5% of revenue. Net result and free cash-flow clearly improved. Some other results:

Very satisfactory performance in France (+3.2%), good momentum in Central Europe (+2.8%), strong growth in Poland and in the Netherlands, moderate growth in Germany, acceleration in Scandinavia & Eastern Europe (+3.7%), continuation of the operational turnaround in the UK & Ireland (-1.2%), sustained growth in Southern Europe (+7.4%), successful price increases in Spain and ongoing opening of the Workwear market in the region and a well-oriented Latin American market (+7.1%).

Looking ahead to 2020, Martire stated: “Since last week we have been observing the first impacts of the outbreak of the Covid-19 epidemic. However, our business model is robust: the nature of our contracts, the diversification of our client portfolio and the variety of our services make the Group very resilient in times of crisis.”