Elior reports 3.3% revenue growth

01 August 2016 by
Elior reports 3.3% revenue growth

French-based foodservice firm Elior saw a 3.3% year-on-year increase in revenue to €4.42b (£3.74b) for the nine months to 30 June 2016.

The contract catering and services revenue element of the business was up €159m (£134m) or 5.1% compared with 2014-15, accounting for 74% of total consolidated revenue.

While concession catering revenue declined by €19m (£16m) and represented 26% of total consolidated revenue.

According to the firm's latest financial report, the UK felt the positive effects of the start-up of new contracts in both the healthcare and education markets.

Notable contract wins this year include a catering deal for 96 Four Seasons Health Care sites and a 15-year year deal worth £31.5m with Northern Lincolnshire and Goole NHS Foundation Trust.

Philippe Salle, Elior Group's chairman and CEO, said: "Our performance in the third quarter of 2015-2016 confirmed the strong trends seen since the beginning of the fiscal year."

He added: "The acceleration in growth reported by the group's international contract catering operations, notably in the United Kingdom and the United States, proves that we have got our business development strategy right.
Elior said its acquisition of Waterfall Catering Group, which took place last month, has "significantly strengthened the group's position in the UK".

Elior Group acquires Waterfall Catering Group >>

Elior wins catering contract for 96 Four Seasons Health Care sites >>

Sales up 5.6% at Elior >>

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