Elis – 2018 full-year results paris stock exchange elis gas prices going up or down


Saint Cloud, March 7, 2019 – Elis, an international multiservice provider, offering textile, hygiene and facility services solutions across 28 countries in Europe and Latin America, today announces its 2018 full-year financial results. The accounts have been approved by the Management Board and examined by the Supervisory Board on March 6, 2019. They electricity prices over time have been audited and the auditors issued a report without any qualification.

2018 was a record-year for Elis in terms of revenue, which reached €3,133.3mn with an acceleration in organic growth in H2. In line with our expectations, our EBITDA margin increased by 90bps to 31.5% of revenue mainly thanks to the synergies that we achieved through Berendsen’s integration and to further productivity gains in Elis’ historic scope.

The Group successfully continued its strategy electricity notes pdf across all its geographies. In France, organic growth was above 2% and margin remained stable at 35% of revenue, despite the negative impact related to the increase of several operational taxes. Latin America continued to post very good results with organic growth of more hp electricity bill payment online than 8% and margin improvement of 270bps. These good results were driven by Brazil, where the integration of Lavebras is now completed, with the expected synergies achieved. In Southern Europe, the Hospitality activity slowed down in Spain, but the region’s organic growth remained well-oriented, with gas definition physics margin improving as well.

In the United-Kingdom, the actions implemented to improve quality of service in Hospitality enabled a reduction of contract losses and price increases. Similarly, our strategic focus on small clients in the country led to a reduction in client losses in Workwear, although they still remain at a high level and generate a negative mix effect on the country’s profitability. Organic growth of the United-Kingdom and Ireland region has been improving throughout the year and became positive in Q4. We estimate that the underlying business in the region was still down in 2018, but the structural adjustments and the first industrial measures implemented contributed electricity and magnetism notes to a 30bps margin improvement on a pro forma basis.

In 2018, the Group continued la gas prices map its consolidation strategy in its existing geographies with 7 new acquisitions, further densifying its network. This ongoing international expansion has contributed over the past several years to diversifying our geographic exposure: France now represents one-third of Group revenue, compared to 70% three years ago.

For 2019, we expect organic revenue growth of c. 3%. Since H2 2018, we are facing an unusual increase of several of our production costs, mainly wages, related to the 1940 gas station photos high increase in minimum wages announced by several countries such as Spain or the United-Kingdom. Our ability to pass this increase in our cost base to our customers will be a key factor for our margin evolution. As of today, we target an EBITDA margin of between 31.2% to 31.6% of revenue.

In the first half of 2018, the Group triggered the sale process for its Clinical Solutions activity (operating only in the United Kingdom) and anticipates that the sale will occur in the next 6 months. Consequently, unless stated otherwise, the figures presented in the present press release exclude the Clinical Solutions electricity history in india activity for 2017 and 2018.

In France, growth is above +2% despite the impact of the Yellow Vests movement in December. In Southern Europe, growth remains above +3% in spite of the slowdown observed in Hospitality in Spain during the summer. In Berendsen’s geographies, Scandinavia continues its good momentum, with organic growth of more than +3%. In the United Kingdom hp gas, the measures implemented to improve quality of service have borne fruit and allowed us to reduce the churn rate and increase prices. The trend has improved throughout the year, with slightly positive organic growth in Q4, compared to -3% one year ago. In Central Europe, the only geography where there was overlap between Elis and electricity usage calculator Berendsen before the acquisition, growth is up +2%. Growth is high in Poland and the Netherlands, and remains slower in Germany and Switzerland, although we observed encouraging trends in H2. Finally, Latin America posted organic growth of more than 8%. The market remains very dynamic despite the decrease of inflation in Brazil, and we continue to open the market in these high growth potential countries.

In 2018, Group investments amounted to 20.1% of revenues (including Clinical Solutions revenue in the calculation of the ratio) compared to 21.7% of revenues over the same period in the preceding year gas line jobs in wv. They include the investments made in linen, industrial investments as well as the additional investments (mainly industrial) at Berendsen, as announced last year.