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Elior Group SA (ELIOR.PA)

ELIOR.PA on Paris Stock Exchange

11.45EUR
18 Oct 2019
Change (% chg)

€-0.11 (-0.95%)
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€11.56
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Volume
182,330
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326,281
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€13.74
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€9.60

Latest Key Developments (Source: Significant Developments)

Elior Group Confirms FY Targets
Thursday, 25 Jul 2019 

July 25 (Reuters) - Elior Group SA ::€3,852 MILLION FOR FIRST NINE MONTHS, WITH 0.8% NEGATIVE ORGANIC GROWTH.€1,252 MILLION FOR Q3, WITH 1.3% NEGATIVE ORGANIC GROWTH.FULL-YEAR 2018-2019 TARGETS CONFIRMED.IN TERMS OF MARGINS WE HAVE PASSED THE TURNING POINT AND ARE NOW ON AN UPWARD TRAJECTORY -CEO.  Full Article

Elior Group Completes Sale Of Areas
Monday, 1 Jul 2019 

July 1 (Reuters) - ELIOR GROUP SA ::ELIOR GROUP COMPLETES THE SALE OF AREAS, OPENING UP A NEW CHAPTER IN THE GROUP'S HISTORY.COMPLETED SALE OF ITS SUBSIDIARY AREAS TO PAI PARTNERS FOR NET TOTAL AMOUNT OF C. EUR 1.4 BILLION.CONSOLIDATED CAPITAL GAIN ON SALE AMOUNTS TO C. EUR 200 MILLION WITHOUT ANY TAX IMPACT.OUR MAIN OBJECTIVES ARE TO GET ORGANIC GROWTH BACK ON TRACK BY 2020 AND IMPROVE OUR PROFITABILITY AS FROM SECOND HALF OF THIS FISCAL YEAR - CEO.NET TOTAL AMOUNT OF SALE OF C. EUR 1.4 BILLION CORRESPONDING TO ENTERPRISE VALUE OF EUR 1.542 BILLION - OUT OF WHICH EUR 70 MILLION CORRESPOND TO INTEREST-BEARING VENDOR LOAN.SALE PROCEEDS WILL BE USED TO SCALE BACK GROUP'S DEBT IN ORDER TO REDUCE ITS LEVERAGE RATIO (NET DEBT TO EBITDA) TO WITHIN RANGE OF 1.5X TO 2X, WHICH IS LEVEL GROUP WISHES TO MAINTAIN OVER MEDIUM TERM.SALE PROCEEDS WILL ALSO BE PUT TOWARDS SHARE BUYBACK PROGRAM TO BE CARRIED OUT AS FROM JULY AS PART OF POTENTIAL EUR 350 MILLION RETURN TO SHAREHOLDERS.  Full Article

Elior CEO says debt reduction is group priority
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Elior Group SA CEO Philippe Guillemot tells a conference call::CEO SAYS GROUP AIMS TO BE A MAJOR PLAYER IN CONSOLIDATION OF CONTRACT CATERING MARKET, WNTS TO STRENGTHEN POSITIONS In EUROPE , ACCELERATE EXPANSION IN U.S., INDIA .CEO SAYS STRATEGY PLAN PRESENTED IN JUNE LAST YEAR REMAINS VALID, WILL NOT COMMENT ON CURRENT TRADING PERFORMANCE.CEO SAYS PRIORITY REMAINS TO DELEVERAGE THE GROUP.SAYS PAI OFFER FOR AREAS VALUES UNIT AT 14.7 TIMES 2018 EBITA, WHICH IS "IN LINE WITH INDUSTRY AVERAGE".  Full Article

Elior Group Names Jean-Yves Fontaine CEO Of Elior France
Tuesday, 2 Apr 2019 

April 2 (Reuters) - ELIOR GROUP SA ::JEAN-YVES FONTAINE NAMED CEO OF ELIOR FRANCE.  Full Article

Elior Group Announces Departure Of Elior North America President And Chief Executive Officer
Saturday, 2 Mar 2019 

Elior Group SA ::ELIOR GROUP ANNOUNCES DEPARTURE OF ELIOR NORTH AMERICA PRESIDENT AND CHIEF EXECUTIVE OFFICER.ELIOR GROUP SA -POPLIN WILL CONTINUE TO LEAD ORGANIZATION THROUGH APRIL 2019, WILL REMAIN SHAREHOLDER OF ELIOR NORTH AMERICA.ELIOR GROUP SA - RUNNING A PROCESS, INTERNALLY AND EXTERNALLY, TO IDENTIFY, PLACE NEW CEO FOR ELIOR NORTH AMERICA SHORTLY.  Full Article

Elior: Areas Becomes Sole Caterer For Girona-Costa Brava Airport
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - ELIOR GROUP SA ::ELIOR GROUP: AREAS BECOMES SOLE CATERER FOR GIRONA-COSTA BRAVA AIRPORT.  Full Article

Elior Group Q1 Consolidated Revenue Increases To 1.75 Billion Euros
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - ELIOR GROUP SA ::FIRST-QUARTER REVENUE IN LINE WITH FORECASTS.GROUP IS STANDING BY ITS FULL-YEAR GUIDANCE FOR FISCAL 2018-2019.DESPITE THE TROUBLED CLIMATE IN FRANCE I AM CONFIDENT IN OUR ABILITY TO MEET THE FULLYEAR TARGETS WE HAVE SET OURSELVES - CEO.CONSOLIDATED REVENUE TOTALED €1,754 MILLION FOR THE FIRST QUARTER OF FISCAL 2018-2019.SEES FOR FISCAL 2018-2019 A SHARP INCREASE IN OPERATING FREE CASH FLOW.OUR TEAMS ARE FULLY COMMITTED TO EXECUTING THE ELIOR GROUP 2021 PLAN - CEO.Q1 CONCESSION CATERING REVENUE GENERATED IN FRANCE TOTALED €155 MILLION, SLIGHTLY WEIGHED DOWN BY PROTESTS SEEN IN COUNTRY TOWARDS END OF PERIOD.  Full Article

France's Lagardere says it will not bid for Elior's Areas unit
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Lagardere ::* Will not bid for Elior's Areas division.* Lagardere had said earlier this week that it was looking at the business but had not yet taken a decision. nL8N1YO5MA.  Full Article

Elior Group's Arpege And Culinary Incubator United Kitchens Forged Partnership
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - ELIOR GROUP SA ::ELIOR FRANCE PREMIUM B&I CATERING BRAND ARPEGE AND CULINARY INCUBATOR UNITED KITCHENS HAVE FORGED PARTNERSHIP.ARPEGE WILL PROVIDE FINANCIAL SUPPORT.  Full Article

Elior Group Contemplates Separation Options For Its Concession Business
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - ELIOR GROUP SA ::STRATEGY: ELIOR GROUP CONTEMPLATING SEPARATION OPTIONS FOR ITS CONCESSION BUSINESS IN ORDER TO ACCELERATE GROWTH.CONFIRMS THAT PRELIMINARY RESULTS FOR ITS 2017-2018 FINANCIAL YEAR ARE IN LINE WITH GROUP'S FULL-YEAR TARGETS.EMPHASIZES THAT THIS REVIEW OF STRATEGIC OPTIONS MAY OR MAY NOT RESULT IN A TRANSACTION AND THAT GROUP REMAINS FULLY FOCUSED ON EXECUTING ELIOR GROUP 2021 PLAN.CARRYING OUT A REVIEW OF STRATEGIC OPTIONS RELATING TO ITS CONCESSION CATERING ACTIVITIES, WHICH ARE GROUPED WITHIN ITS AREAS SUBSIDIARY.GROUP DOES NOT INTEND TO REPORT ON PROGRESS OF THIS REVIEW OF STRATEGIC OPTIONS.  Full Article

Caterer Elior meets Q3 targets, confirms 2019 outlook

July 25 French catering group Elior confirmed its full-year organic sales growth outlook on Thursday, saying third quarter performance exceeded slightly its own expectations, especially in France.