Elis: targets 2023 NP of over E405m
(CercleFinance.com) - Elis' revenues exceeded 3.
8 billion euros in 2022, with organic growth of +21%.
Its adjusted EBITDA rose by 19.7% compared to 2021, to E1,259.6m. The adjusted EBITDA margin fell -150bp, while its adjusted EBIT rose 40% y-o-y, to E543.7m.
Net profit will be E204.6m in 2022, compared with E114.4m in 2021, up 78.8%. In 2022, the group will deliver free cash flow (after payment of rental liabilities) of E224.9m, slightly below the 2021 level (E228.1m).
Organic revenue growth in 2023 is expected to be between +11% and +13%. Adjusted EBIT in 2023 is expected to exceed E650m. 2023 underlying earnings are expected to exceed E405m, while the group is targeting 2023 free cash flow (after rent payments) of over E260m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
8 billion euros in 2022, with organic growth of +21%.
Its adjusted EBITDA rose by 19.7% compared to 2021, to E1,259.6m. The adjusted EBITDA margin fell -150bp, while its adjusted EBIT rose 40% y-o-y, to E543.7m.
Net profit will be E204.6m in 2022, compared with E114.4m in 2021, up 78.8%. In 2022, the group will deliver free cash flow (after payment of rental liabilities) of E224.9m, slightly below the 2021 level (E228.1m).
Organic revenue growth in 2023 is expected to be between +11% and +13%. Adjusted EBIT in 2023 is expected to exceed E650m. 2023 underlying earnings are expected to exceed E405m, while the group is targeting 2023 free cash flow (after rent payments) of over E260m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.