INTERNATIONAL
Elis, the leading multi-service provider of textile, hygiene and facility services across Europe and Latin America, announced that its half-year results for the 6 months ended 30 June 2018 have been driven by the successful integration of its acquisitions, particularly that of Berendsen.
CEO Xavier Martiré said Elis delivered solid 2018 half-year results. Organic growth was dynamic and headline net result doubled compared to H1 2017 to 97 million euros.
The Group continues to successfully implement its strategy in all markets. In France, organic growth was nearly 2% and margin improved slightly. Latin America continued to deliver very good results with double-digit organic growth in the first-half, driven by Brazil, where the Lavebras integration is progressing very well.
In Southern Europe, activity slowed in hospitality in Spain, but organic growth in the region remains well-oriented and margin also improved.
“Operational progress in the integration of Berendsen is also remarkable,” he said. “In the UK, headcount adjustments and the first industrial measures that were implemented have already started to generate very significant productivity gains.
“Elis continued its consolidation strategy in its existing geographies with new value-creating acquisitions in Germany and in Belgium, and the acceleration of Elis' international development over the last years has largely diversified our geographical exposure: France now represents one-third of Group revenue compared to 70% three years ago. On the back of these very good first-half results, we confirm our full-year targets.”
