Elis: Q3 2015 revenue
(Thomson Reuters ONE) -
Revenues up 7.1% in Q3
+8.0% excluding currency impact and +4.0% on an organic basis
* Organic growth accelerates in Q3 to +4.0%
* +3.8% in France / +6.2% in Europe: Commercial dynamism and good summer
season
* +0.8% in Brazil: Positive growth despite a very tough macro environment
* Further M&A activity
* July: 2 acquisitions in Switzerland and Brazil
* End of September: Expansion into a new country with the acquisition of
the Chilean leader
* Confirmation of FY15 outlook
* Organic growth of c. 3.0%
* External growth of c. 4.0%
* FY2015 EBITDA expected at between ?445m and ?450m
Puteaux, November 9, 2015 - Elis, the leading multi-services group in Europe,
Brazil and Chile, specializing in the rental and maintenance of professional
clothing, textile articles, hygiene and well-being appliances, announced today
its revenues for the nine months ended 30 September 2015.
Reported revenues for the third quarter rose by 7.1% with organic revenues
increasing +4.0% on the back of solid growth in Europe. In the first nine
months, reported revenues grew +6.3% (organic: +3.0%).
----------------------------------------------------------------------
Q3 revenues 2015 (?m) 2014 (?m) Reported Organic
growth growth
----------------------------------------------------------------------
Hospitality 93.5 86.2 +8.4% +8.4%
Industry 47.8 47.4 +1.0% +1.0%
Trade & Services 86.7 84.9 +2.2% +2.2%
Healthcare 39.8 37.6 +5.9% +5.9%
France(a) 261.1 251.5 +3.8% +3.8%
Northern Europe 51.6 38.4 +34.5% +4.5%
Southern Europe 42.3 36.2 +16.7% +8.1%
Europe 93.9 74.6 +25.9% +6.2%
Brazil 22.0 25.3 -12.9% +0.8%
Manufacturing Entities 4.3 4.5 -5.7% -9.1%
----------------------------------------------------------------------
Total 381.2 355.8 +7.1% +4.0%
----------------------------------------------------------------------
(a) : After other items including rebates
Percentage change calculations are based on actual figures
----------------------------------------------------------------------
9-month revenues 2015 (?m) 2014 (?m) Reported Organic
growth growth
----------------------------------------------------------------------
Hospitality 239.0 222.7 +7.3% +7.3%
Industry 141.8 140.7 +0.8% +0.8%
Trade & Services 255.3 255.1 +0.1% +0.1%
Healthcare 119.1 113.7 +4.7% +4.7%
France(a) 739.7 719.5 +2.8% +2.8%
Northern Europe 135.9 110.9 +22.5% +1.0%
Southern Europe 108.2 95.5 +13.3% +7.7%
Europe 244.1 206.5 +18.2% +4.1%
Brazil 67.1 61.5 +9.2% +2.6%
Manufacturing Entities 12.7 12.7 +0.1% -4.0%
----------------------------------------------------------------------
Total 1,063.6 1,000.1 +6.3% +3.0%
----------------------------------------------------------------------
(a) : After other items including rebates
Percentage change calculations are based on actual figures
France
Q3 revenue growth of +3.8% in France was entirely organic. All segments grew
compared to Q3 2014 and showed sequential acceleration relative to Q2 2015:
* Revenues for the Hospitality segment delivered solid growth of +8.4% on the
back of a good summer season and the continued roll-out of large contracts.
* Revenues for the Healthcare segment grew by 5.9%, helped by the
implementation of large contracts with both short-stay and long-stay
clients.
* Revenues for the Industry segment rose by 1.0% helped by good commercial
growth from the signing of new contracts with food processing clients.
* Revenues for the Trade & Services bounced back with +2.2% growth, driven by
good commercial growth from the signing of new contracts with services
clients.
Europe
Q3 revenue growth in Northern Europe (+34.5%) was largely derived from recent
acquisitions in Germany and Switzerland. Organic revenue growth (+4.5%) was
driven by good activity in Switzerland during the summer and by some non-
recurring sales of workwear and ultra-clean garments in Belgium.
Q3 sales in Southern Europe (+16.7%) continued to rebound in an improving macro
environment, with a good organic performance (+8.1%) during the summer season
enhanced by strong commercial momentum in all segments including Hospitality,
Industry and Services.
Brazil
Q3 organic revenues in Brazil increased +0.8% despite a macro environment which
continues to deteriorate. New contract signings were partly offset by a decline
in the activity from our existing clients. Reported revenues fell 12.9% due to
the depreciation of the Brazilian Real, whose overall impact on Group Q3 revenue
growth was -1.5%. Despite very challenging economic and political conditions,
the market remains very promising, especially in workwear.
Commenting on the third quarter revenues, Xavier Martiré, CEO of Elis, said:
"The 4% organic growth we delivered in Q3 was in line with our expectations and
reflects the Group's momentum in France and in Europe. This solid performance
was chiefly driven by the rebound in activity in Southern Europe and by the good
summer season we saw in all our European countries. Total revenues were up 7.1%
in Q3, with the positive impact from recent acquisitions being partially offset
by the depreciation of the Brazilian Real.
Our activity in Q3 allows us to confirm our FY15 outlook: c. +3% organic growth
and c. +4% contribution from M&A. We continue to expect EBITDA to land between
?445m and ?450m.
Finally, the Group recently continued its expansion in Latin America through the
acquisition of the number one player in Chile. This country enjoys favorable
economic trends and the market for rental and maintenance of professional
clothing should continue to grow there. This acquisition is in line with Elis'
strategy of consolidating its geographic platforms and should contribute to
accelerating the Group's development."
Investor and Analyst conference call
Speakers:
Xavier Martiré, CEO
Louis Guyot, CFO
Date: Monday, November 9
6:30 pm Paris time - 5:30 pm London time - 12:30 pm New York time
Media invited on a listen-only basis.
Webcast link (live and replay):
http://edge.media-server.com/m/p/qv72uzwf
Webcast replay will be available for 1 year following the event.
Numbers to dial:
France: +33 1 76 77 22 21
United Kingdom: +44 203 427 1909
United States of America: +1 646 254 3365
Code: 7955284
Numbers for replay:
France: +33 1 74 20 28 00
United Kingdom: +44 203 427 0598
United States of America: +1 347 366 9565
Code: 7955284
Audio replay will be available for 7 days following the event.
Financial definitions
1. Organic growth in the Group's revenue is calculated excluding (i) the
impacts of changes in the scope of consolidation of "major acquisitions" and
"major disposals" in each of the periods under comparison, as well as (ii)
the impact of exchange rate fluctuations.
2. EBITDA is defined as EBIT before depreciation and amortization net of the
portion of grants transferred to income.
Forward looking statements
This release may contain some forward-looking statements. These statements are
not undertakings as to the future performance of the Company. Although the
Company considers that such statements are based on reasonable expectations and
assumptions on the date of publication of this release, they are by their nature
subject to risks and uncertainties which could cause actual performance to
differ from those indicated or implied in such statements.
These risks and uncertainties include without limitation the risk factors that
are described in the Document de Base registered in France with the French
Autorité des Marchés Financiers.
Investors and holders of shares of the Company may obtain copy of such annual
report by contacting the Autorité des Marchés Financiers on its website www.amf-
france.org or directly on the Company website www.corporate-elis.com
The Company does not have the obligation and undertakes no obligation to update
or revise any of the forward-looking statements.
Next information
2015 Annual Results: March 10, 2015 (before market)
About Elis
Elis is a leading multi-services group in Europe, Brazil and Chile, specialized
in the rental and maintenance of professional clothing and textile articles, as
well as hygiene appliance and well-being services. With more than 21,000
employees spread across 13 countries, Elis' consolidated turnover in 2014 was
?1.331 billion with consolidated EBITDA of ?429 million. Benefiting from more
than a century of experience, Elis today services more than 240 000 businesses
of all sizes in the hotel, catering, healthcare, industry, retail and services
sectors, thanks to its network of nearly 300 production and distribution centers
and 13 clean rooms, which guarantees it an unrivalled proximity to its clients.
Contact
Investor Relations:
Nicolas Buron, Investor Relations Director - Phone: +33 1 41 25 46 77 -
nicolas.buron(at)elis.com
Elis - Q3 2015 revenue:
http://hugin.info/167809/R/1965515/717650.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Elis via GlobeNewswire
[HUG#1965515]
Unternehmensinformation / Kurzprofil:
Datum: 09.11.2015 - 17:41 Uhr
Sprache: Deutsch
News-ID 433093
Anzahl Zeichen: 11930
contact information:
Town:
Puteaux-la-Défense
Kategorie:
Business News
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