Elior Group has announced sales from continuing operations of just over 1.22 billion euros for its first quarter 2022-23, up 9.8%, with organic growth of 11.7%, still benefiting from a Covid catch-up effect.

On a like-for-like basis, the food and services group's sales rose by 10.2%, compared with 16.2% a year earlier, reflecting price increases of 3.8%.

Assuming a stable health situation, Elior is maintaining its expectations for fiscal 2022-23, including organic sales growth of at least 8% and an adjusted EBITA margin of between 1.5% and 2%.

Copyright (c) 2023 CercleFinance.com. All rights reserved.