Elis: Q1 2017 revenue
(Thomson Reuters ONE) -
Strong growth in Q1 2017 revenue, up +14.3%
Organic growth at +2.3%
* Further organic growth in all geographies on an already high comparable base
* +0.7% in France in a context marked by a recovery in the Hospitality
market
* +7.2% in Latin America, with continued commercial momentum
* +4.5% in Europe, with all countries up on an organic basis and Spain
still growing strongly
* Strong contribution of acquisitions to growth: + 9.6% in the quarter
* Integration of Indusal and Puschendorf on schedule
* Further consolidation of the French market with the acquisition of La
Blésoise in March
* Awaiting clearance from the Brazilian antitrust authorities for the
acquisition of Lavebras
* 2017 outlook confirmed
* Revenue above ?1.7bn (excluding Lavebras contribution)
* Group organic growth in line with 2016
* EBITDA margin: flat in France, improvement in Europe and in Latin
America
Saint Cloud, April 27, 2017 - Elis, the leading multi-services group in Europe
and Latin America, specializing in the rental and maintenance of flat linen,
professional clothing, hygiene and well-being appliances, today announces its
revenues for the 3 months ended 31 March 2017.
Commenting on the first quarter revenues, Xavier Martiré, CEO of Elis, said:
« Elis posted revenue growth of more than 14% in Q1. Organic growth was +2.3%
with all geographies up despite a high comparable base. The acquisitions made in
2016, as well as the currency effect, largely contributed to growth.
In France, Q1 revenue was better than expected thanks to the recovery in the
Hospitality market, although this trend remains to be confirmed. In Europe and
in Latin America, the Group continued to show very good momentum.
These good Q1 numbers reinforce our confidence in our 2017 outlook, both in
terms of revenue and margin.»
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Q1 revenues (EUR million) 2017 2016 Reported Organic
growth growth
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Trade & Services 86.1 84.8 +1.5% +1.5%
Hospitality 69.1 66.9 +3.4% +2.8%
Industry 45.9 47.1 -2.6% -2.6%
Healthcare 42.7 41.3 +3.5% +1.5%
France(a) 237.0 234.0 +1.3% +0.7%
Northern Europe 64.3 50.3 +27.8% +3.0%
Southern Europe 55.5 33.5 +65.7% +6.8%
Europe 119.8 83.8 +43.0% +4.5%
Latin America 38.8 28.1 +38.2% +7.2%
Manufacturing Entities 5.0 4.7 +6.4% +11.0%
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Total 400.6 350.6 +14.3% +2.3%
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(a) : After other items including rebates
Percentage change calculations are based on actual figures
France
Q1 revenue in France was up +1.3% (+0.7% on an organic basis).
* Revenues for the Trade & Services segment increased by 1.5% on an organic
basis, in an economic environment that remains uncertain.
* Organic revenue growth for the Hospitality segment was 2.8%. We noted an
improvement in activity in the Parisian region, despite the positive
calendar effect seen in 2016 (Easter week in March and the impact of an
additional day in February as 2016 was a leap year) which made the
comparable base more challenging.
* Revenues for the Industry segment were down 2.6% on an organic basis due to
the loss of some contracts in 2016.
* Revenues for the Healthcare segment grew by 1.5%, as the rollout of large
contracts for both short-stay and long-stay came to an end in 2016.
Europe (excluding France)
Q1 revenue growth in Northern Europe was +27.8%, driven by the acquisitions made
in 2016 in Germany and Switzerland. Organic revenue growth was +3.0% despite
subdued hospitality activity in Switzerland during the winter.
Southern Europe continued to be very dynamic with revenue growth of +65.9%,
driven by the acquisition of Indusal in Spain in December 2016. Organic growth
in the region was +6.8%. This performance was again driven by Spain and
Portugal, which both delivered organic revenue growth above 7% despite the same
unfavourable calendar effect as the one described for France, but with an even
more material impact. This performance reflects the Group's commercial momentum
with the opening of new markets.
Latin America
Q1 revenue growth was +38.2%. Organic growth was +7.2%, also unfavourably
impacted by the 2016 calendar effect. We recorded a positive 27.7% impact from
currency evolution.
Commercial momentum remains very good in Brazil (more than 8% organic growth,
with c. +4% from price increases despite the marked slowdown in inflation). For
the record, on top of the calendar effect, activity from hospitals, laboratories
and medical centers was very strong in Q1 2016 as a consequence of epidemics
that impacted Brazil during its summer period.
Financial definitions
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" (as defined in the Document de Base) in each of the periods under
comparison, as well as (ii) the impact of exchange rate fluctuations.
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 at 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 2016 Registration Document, registered in France with the
French Autorité des marchés financiers.
Investors and holders of shares of the Company may obtain copy of these
documents from the Autorité des marchés financiers' website: www.amf-france.org
or from the Company's website: www.corporate-elis.com/en/investor-relations.
The Company does not have the obligation and undertakes no obligation to update
or revise any of the forward-looking statements.
Next information
Combined General Shareholders' Meeting: May 19, 2017
H1 2017 results: July 27, 2017 (before market)
About Elis
Elis is a specialized multi-services group, leader in Europe and Latin America
for the rental and maintenance of flat linen, professional clothing, as well as
hygiene appliance and well-being services. With more than 25,000 employees
spread across 14 countries, Elis consolidated turnover in 2016 was ?1,513
million and consolidated EBITDA reached ?468 million. Benefiting from more than
a century of experience, Elis today services hundreds of thousands of clients of
all sizes in the hotel, catering, healthcare, industry, retail and services
sectors, thanks to its network of more than 300 production and distribution
centers, which guarantees it an unrivalled proximity to its clients.
Contact
Nicolas Buron, Investor Relations Director - Phone: +33 1 75 49 98 30 -
nicolas.buron(at)elis.com
Elis - Q1 2017 revenue:
http://hugin.info/167809/R/2099526/795584.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Elis via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 27.04.2017 - 17:40 Uhr
Sprache: Deutsch
News-ID 538894
Anzahl Zeichen: 9142
contact information:
Town:
Saint-Cloud
Kategorie:
Business News
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