Elis SA (STU:7EL)
€ 24.44 -0.12 (-0.49%) Market Cap: 5.25 Bil Enterprise Value: 9.62 Bil PE Ratio: 15.99 PB Ratio: 1.52 GF Score: 83/100

Half Year 2025 Elis SA Earnings Call Transcript

Jul 30, 2025 / 04:00PM GMT
Release Date Price: €24.56 (+0.16%)

Key Points

Positve
  • Elis SA (ELSSF) reported a revenue increase of 4.3% in the first half of 2025, with 3.5% organic growth, aligning with their long-term target.
  • Adjusted EBITDA rose by 5.1% to EUR813.8 million, with a margin expansion of 30 basis points to 34.7%.
  • The company confirmed all its 2025 financial objectives, demonstrating confidence in its growth strategies.
  • Elis SA (ELSSF) achieved strong commercial momentum in Workwear and hospitality, particularly in France and Southern Europe.
  • The company maintained a strong focus on CSR, with significant achievements in circular economy and workplace safety.
Negative
  • Free cash flow was relatively low at EUR31 million, impacted by seasonal effects on working capital.
  • Latin America faced significant currency depreciation, resulting in a reported revenue decline of 5.9%.
  • The EBITDA margin in Latin America declined by 220 basis points due to government measures and operational challenges.
  • Scandinavia experienced a challenging environment with a 50 basis point decline in EBITDA margin.
  • The UK and Ireland saw subdued client activity in hospitality, impacting volumes and pricing.
Operator

Good day and thank you for standing by. Welcome to the Elis half year 2025 results presentation and conference call. (Operator Instructions) Please be advised that this conference has been recorded.

I would not like to hand the conference over to a speaker today, Xavier Martiré, CEO, please go ahead.

Xavier Martire
Elis SA - Chairman of the Management Board, Chairman of the Executive Committee, Chief Executive Officer

Thank you. Good afternoon to our participants in Europe and good morning to everyone joining from across the Americas. Welcome to EIis 2025 half year results presentation. I'm Xavier Martiré, CEO of Elis speaking to you from Paris and I'm joined by our CFO, Louis Guyot.

I will begin with a brief overview of the key highlights from the first half of the year, then I will hand over to Louis who will walk you through the financial results in detail. After that, I'll return to share our main CSR achievements and provide an update on our outlook for the remainder of 2025. We then open the floor for a Q&A session and as will be

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