Reuters logo
BRIEF-Elior Group revises its profitability guidance for FY 2016-2017
November 17, 2017 / 6:14 AM / 25 days ago

BRIEF-Elior Group revises its profitability guidance for FY 2016-2017

Nov 17 (Reuters) - ELIOR GROUP SA:

* ELIOR GROUP SA - ELIOR GROUP REVISES ITS PROFITABILITY GUIDANCE FOR FY 2016-2017

* ‍FOR FY 2016-2017 ADJUSTED EBITDA MARGIN EXPECTED TO COME IN AT 8.3%​

* FY 2016-17, REVENUE EXPECTED TO INCREASE BY 8.9%, WITH 3.6% ORGANIC GROWTH

* ‍PHILIPPE GUILLEMOT TO BE APPOINTED AS ELIOR GROUP‘S CHIEF EXECUTIVE OFFICER ON DECEMBER 5, 2017​

* FY 2016-17, TARGET OF SIGNIFICANT GROWTH IN ADJUSTED EARNINGS PER SHARE WILL NOT BE MET

* ‍FOR FY 2016-17 LOWER THAN PREVIOUSLY-ANNOUNCED TARGET OF A 20 TO 30 BASIS-POINT INCREASE IN ADJUSTED EBITDA MARGIN COMPARED WITH 8.5% REPORTED FOR FY 2015-2016​

* ‍REVISION REFLECTS IMPACT OF HURRICANE IRMA IN SEPTEMBER, BOTH ON CONTRACT CATERING AND CONCESSION CATERING BUSINESSES​

* FOR FY 2016/2017 SEES ‍HIGHER THAN PREVIOUSLY-ANNOUNCED TARGET OF ORGANIC GROWTH OF AT LEAST 3%​

* ‍REMAINS CONFIDENT IN ITS DEVELOPMENT PROSPECTS, BOTH FOR ITS CONTRACT CATERING AND CONCESSION CATERING BUSINESSES​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below