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Elior: revises FY targets.

(CercleFinance.com) - Elior, the food services group has announced that it is revising its expectations for the year 2016-17, warning that it will not reach its target for significant growth in adjusted EPS.

It now expects to publish growth of around 8.9%, with organic growth of about 3.6%, excluding the effect of voluntary termination of contracts, and an adjusted Ebitda margin of 8.3%, corresponding to close to 6% growth in adjusted Ebitda.

Furthermore, at its meeting on 5 December, the board of directors intends to appoint Philippe Guillemot as CEO to develop the group's medium- and long-term roadmap and set related financial targets.

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