Elior reports 5.3% revenue growth
French-based foodservice firm Elior saw a 5.3% year-on-year increase in revenue to almost €1.42b (£1.04b) in its first quarter.
Revenue for the same period in 2013-2014 was just under €1.35b (£1b), while organic growth for the first three months of the company's current trading period was 3.3%.
Boutique UK caterer Lexington was acquired in October, which Elior said had a €12.4m (£9.2m) positive effect on revenue, representing 0.7% of the company's growth.
The contract catering and support services element of the business was up 5.4% (€53.6m) year on year to €1.04b (£0.77m), representing 73% of total consolidated revenue.
Organic growth was 2.8% in this period, driven by a strong performance in the international markets, which grew 11.8% year on year to €487.3m (£360.8m). This was largely as a result of sustained organic growth in all regions (5.9% in total), but particularly the US, the UK and Spain.
Meanwhile Elior's concession catering and travel retail arm, which operates in France, Germany Belgium, Italy, Spain and the US, grew its revenue to €377.2m (£279.2m), up 4.9% year-on-year.
Elior buys Lexington Catering >>
