Elis: fine-tunes targets for 2019
(CercleFinance.com) - Elis has fine-tuned its targets for FY 2019, now expecting organic growth of slightly over 3%, forecasting its EBITDA margin to be in the upper half of a range of 31.
2% to 31.6%.
The industrial laundry group posted Q3 2019 sales that are up 5.6% at 856 million euros, with organic growth of 4.2%, accelerating from the first half of the year.
Elis demonstrates its ability to raise prices in the context of a high inflation of its cost base, while maintaining a strong commercial activity, said Chairman Xavier Martire.
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