Elis: FY underlying income up 16%
(CercleFinance.com) - Elis has reported underlying income of 256 million euros (up 16% at 260 million excluding the IFRS16 impact), with an EBITDA margin of 33.
6% (stable at 31.5% excluding the IFRS16 impact) for 2019.
The industrial laundry group posted record sales of 3,281.8 million euros, up 4.7%, including 3.3% organic growth, reflecting its ability to pass inflation of its cost base into its selling prices.
Elis will pay a dividend of 0.39 euro per share, up 5% y-o-y, and expects about a 20-bp increase in its EBITDA margin for 2020, as well as organic growth of around 3%.
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6% (stable at 31.5% excluding the IFRS16 impact) for 2019.
The industrial laundry group posted record sales of 3,281.8 million euros, up 4.7%, including 3.3% organic growth, reflecting its ability to pass inflation of its cost base into its selling prices.
Elis will pay a dividend of 0.39 euro per share, up 5% y-o-y, and expects about a 20-bp increase in its EBITDA margin for 2020, as well as organic growth of around 3%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.