Elior Group (Euronext Paris – ISIN: FR 0011950732), one of the world’s leading operators in catering and support services, announces its unaudited full-year fiscal 2021-2022 results, ended September 30, 2022.
Bernard Gault, Chairman and CEO of Elior Group, commented:
“Elior’s activity rebounded strongly, propelled by a year of excellent business development momentum and a higher retention rate. These results testify our teams’ commitment to developing offers that meet our clients’ expectations and fully satisfy our guests.
Our efforts to systematically renegotiate our contracts continue apace and are starting to bear fruit. We remain focused on finding solutions that work for all our public sector contract stakeholders, notably in France.
In the USA, we efficiently wound up Preferred Meals. Its industrial activity was too far removed from our core business and weighed heavily on the Group’s finances. The move has strengthened Elior’s business model, which combines low capital intensity with solid organic growth.
I remain confident in our capacity to quickly return to profitable growth and exceed pre-Covid operating margin levels in 2024.
Lastly, in the coming weeks we expect to complete our review of the Group’s strategic options (announced on July 4). The Board of Directors is finalizing examining various scenarios with the aim to retain the one that will optimize the Group’s strategic orientations and improve its financial position.”