Elior's annual core profit nearly triples, beating estimates
Nov 20 (Reuters) -French food caterer Elior ELIOR.PA said on Wednesday its adjusted core profit soared 183% in the year through September, above market expectations, after it removed sources of losses through several strategic contracts.
Its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) were 167 million euros ($176.84 million) in the 2024 financial year, up from 59 million last year and above the 162 million expected by analysts in a company-provided consensus.
Elior forecast organic revenue growth of between 3% and 5%, an adjusted EBITDA margin of above 3% and a net debt 3.5 times its core profit for the fiscal 2025, and confirmed its medium-term targets.
($1 = 0.9444 euros)
Reporting by Mathias de Rozario in Gdansk; editing by Milla Nissi
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