INTERNATIONAL
Elis, the leading multi-service provider of textile, hygiene and facility services across Europe and Latin America, announced strong growth in revenue of almost 40% for the 9 months ended 30 September 2018.
Pro forma organic growth was +2.4%, marking an acceleration compared to the two previous quarters, s
aid CEO Xavier Martiré. “This illustrates the good commercial momentum of Elis' historical scope, as well as continued success in the integration of Berendsen.”
In France, organic growth is close to 2%. Elis' and Berendsen's complementary networks are very good in Central Europe, with noteworthy benefits in the group’s healthcare business in Germany.
“In Scandinavia, we are gradually implementing Elis' multi-service approach and can already see some first positive effects on commercial activity,” said Martiré. “In Southern Europe, organic growth remains satisfactory despite the significant slowdown in hospitality this summer in Spain.
“Finally, the turnaround in activity continues in the United Kingdom, especially in hospitality, where improved quality of service allows us to increase prices.
In addition, the Group continues the implementation of its synergies plan for Berendsen and the progress made since the beginning of the year is perfectly in line with the planned timetable.
“For full-year 2018, we anticipate revenue above €3.1bn excluding Clinical Solutions, an activity that has been put up for sale (a sale is expected in the next 9 months). Moreover, our EBITDA margin should be slightly above 31.5% with improved profitability in all our geographies.”
