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Elior reports 7.1% revenue increase

11 September 2014 by
Elior reports 7.1% revenue increase

French-based foodservice firm Elior has reported a 7.1% year-on-year increase in revenue to €4.04b (£3.22b) for the nine months to 30 June 2014, across its global estate.

Revenue for the same period in 2012-2013 was €3.77b (£3b), while organic growth for the first nine months of the company's current trading period was 3.6%.

Elior said that its contract catering and support services business had achieved "solid growth" in all countries, with revenue up 9% to €2.9b (£2.3b). The figures were bolstered by the positive impact of acquiring TrustHouse Services in the US, it said.

The international markets, which include the UK, saw organic growth of 4.6%. Elior said this was helped in part by a "rebound in both business wins and revenue from existing contracts during the third quarter in the UK".

New clients won in the period included EDF, Bank of England, BAE Portsmouth, Chichester and South Bank Universities, and St Bart's NHS and Nottingham University hospitals.

Meanwhile Elior's concession catering and travel retail arm, which operates in France, Germany Belgium, Italy, Spain and the US, grew its revenue to €1.08b (£0.86b), up 2.3% year-on-year.

Commenting on these figures, Gilles Petit, Elior's chief executive officer, said: "Our results for the first nine months of the fiscal year testify to the group's development capacity. We recorded 7.1% revenue growth for the period while maintaining profitability levels similar to the first nine months of FY 2012-2013.

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