Elis is a multi-service group in the rental, laundry and maintenance of textile, hygiene and well-being items in Europe and Latin America. Co. serves hundreds of thousands of customers of all sizes, belonging to various professional customer segments: hospitality, healthcare, industry, trade and services. Co. also has a manufacturing business carried out by two entities, Le Jacquard FranASSais and Kennedy Hygiene Products which together form one of the company's operating segments.
  • TickerA14M93
  • ISINFR0012435121
  • ExchangeEuronext Paris
  • SectorSupport Services
  • CountryFrance

Analysts

Joan Sehim

Elis' 1h18 results were good, berendsen on track

Elis, the French linen services provider, reported good 1H18 results. Sales came in at €1,534m, up 2.1% organically, and EBITDA reached €469m (30.6% margin) against €435m (29.4%) last year. The home French market (33% of sales) is doing well, up 1.9% organically thanks to good activity in hospitality.

Remi Ramadou

Elis Sees Spain & LatAm boost 2H16, lower price pressure in France for 2017

Elis, the French linen services provider, published sound 2H16 results. Yoy sales were up 6.8% (+2.4% organically) to €783m and EBITDA gained 4.3% to €252m, or a 70 bps decline in margin to a still good 32.2%. This is in line with management’s forecast and the +6.9% growth in sales (+2.7% organically) seen during the entire year. Negatively, the performance was still hampered by a sluggish macro backdrop in France (57% of sales pro forma of the acquisitions), marked by low industrial activities (12%) and lower hotel occupancy (21%) following the Nice terrorist attack in July. Still, the countr...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Feedback from meeting: 2019 EBITDA margin shy of expectations but strong improvement in the FCF anticipated in 2020.

>Feedback from meeting in London - At a presentation meeting in London, management reviewed its full year 2018 earnings and its 2019 outlook. We note the following: The EBITDA margin increased by +70bp in pro-forma basis, i.e. 31.5%, close to our estimates (31.6%; € 985.6m vs € 990m estimated), keeping in mind that the group has benefited from synergies with Berendsen (€ 50m in total of which € 45m in opex). Margins have increased in all geographic regions excep...

Christophe Chaput ...
  • Hela Zarrouk

Elis : 2018 results broadly close to forecasts but a 2019 EBITDA margin expected at between 31.2% and 31.6% vs 31.7% estimated

>2018 earnings close to our estimates: EBITDA € 985.6m vs € 990me - Based on sales increase of 42.8% of which 2.4% in pro-forma organic terms, the Elis group published a 2018 EBITDA of € 985.6m, up 47.1%, which is slightly below our estimate of € 990m. The EBITDA margin came in at 31.5%, up +70bp on a pro-forma basis, which is relatively satisfactory (we retained 31.6%, the guidance was based on a margin of >31.5%). In detail, we note that most geographic areas have ...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Decent sales growth in Q4 (+2.9% l-f-l) and guidance for 2018 implicitly reiterated

>Q4 sales a shade above forecasts (+2.9% organic pro forma) - For 2018, Elis has reported sales growth of 42.8% to € 3,133.3m, close to our forecast of € 3,131.8m. Pro forma for the acquisition of Berendsen, the increase would have been 3% bearing in mind that, on a pro forma basis and at constant scope, growth was 2.4% for the full year which is a good performance since Q4 was up 2.9% (+2.2% for 9M, +2.4% in Q3). By region, we note (on a pro forma basis and at consta...

Christophe Chaput ...
  • Hela Zarrouk

Elis : Bonne progression de l’activité au T4 (+2.9% lfl) et des guidances 2018 implicitement reconduites

>Un CA T4 légèrement supérieur aux attentes (+2.9% en organique pf) - Au titre de son exercice 2018, le groupe Elis publie un chiffre d’affaires en progression de 42.8% à 3 133.3 M€ soit un niveau proche de nos attentes puisque nous retenions 3 131.8 M€. Pro forma de l’acquisition de Berendsen, la hausse serait de 3% en sachant que sur une base pro forma et à périmètre constant, la progression serait de 2.4% sur l’ensemble de l’année ce qui est une bonne performance p...

Florent Thy-tine

ELIS - Acquisition au Danemark (+)

ELIS - Acquisition au Danemark (+)

A director sold 32,727 shares at 22.009EUR and

A director at Elis sold 32,727 shares at 22.009EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Christophe Chaput ...
  • Christophe-Raphaël Ganet
  • Fatma Agnès Hamdani
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Oussema Denguir
  • Pierre Corby

ODDO BHF Small & MIDCAP MORNING NEWS - 03/08/2019 Date Performance since listing Date Performance since listing

Sixt Leasing, an independent player in the German vehicle leasing and fleet management market, stands out for its strong momentum in the online retail and fleet management segments and its capacity to handle the diesel risk effectively. These strengths should pave the way for buoyant growth over the coming years (2018-2021e CAGR of +8% for revenue and 15% for pre-tax profit) and a rerating of the stock (target price € 18.1, i.e. 34% upside). We are initiating coverage of the stock wit...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Rémi Adam
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 01/31/2019

...

Antoine Boivin-Champeaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Emmanuel Matot
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Nicolas David
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 31/01/2019

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Christophe Chaput ...
  • Emmanuel Matot
  • Hela Zarrouk
  • Laurence Hofmann

ODDO BHF Small & MIDCAP MORNING NEWS - 08/10/2018

...

ELIS sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ELIS (FR), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 12, 2019, the closing price was EUR 14.31 and its potential was estimated at EUR 16.26.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Elis - Assemblée générale des actionnaires du 23 mai 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Jehanne Leroy

Proxy Report - 18/05/2018

Le principal sujet de cette assemblée générale est l'augmentation des rémunérations fixes des dirigeants pour 2018 (+45% pour le Président du Directoire). Cette augmentation du fixe, sans qu'aucune contrepartie comme l'abaissement du bonus maximum par exemple ou de la part long-terme ne soit mise en place, porte la rémunération totale maximum du Président du Directoire à 4,86 M€ pour 2018, soit plus de 240 SMICs, notre plafond socialement acceptable et plus de 219% de la médiane des rémunérations des dirigeants du SBF 120 (et plus de 118% de la médiane du CAC40). Cette politique de rémunérati...

Jérôme VINERIER

Short term view - ELIS SA : The background trend is clearly bearish.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €17.60. The next target is at €16.04, then €14.70. Passing €20.50 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - ELIS SA : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 16,04 €. La tendance de fond serait remise en cause en cas de franchissement de 20,50 €.

Jérôme VINERIER

Medium term view - ELIS SA : The trend is uncertain.

The trend is uncertain. Prices are falling and they may accelerate to the downside. A new bearish trend is attempting to emerge.

Jérôme VINERIER

Analyse moyen terme - ELIS SA : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

Valérie GASTALDY

Analyse moyen terme - ELIS SA : La baisse récente gagne en vigueur.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 18,30 €. La tendance serait remise en cause par la rupture de 18,30 €.

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