Foodservice operator Elior Group reports revenues of €5.05bn

26th July 2018 (Last Updated July 26th, 2018 11:44)

Global foodservice operator Elior Group has reported revenues of €5.05bn for nine months ending 30 June 2018, a 3.7% increase.

Foodservice operator Elior Group reports revenues of €5.05bn
Elior offers food and catering services. Credit: Toulouse Convention Bureau, Agence d’Attractivit.

Global foodservice operator Elior Group has reported revenues of €5.05bn for nine months ending 30 June 2018, a 3.7% increase.

Revenue from contract catering and services was €3.789bn, a 4.4% growth year-on-year compared to €3.63bn for the same period last year, accounting for 75% of its total consolidated revenue.

The foodservice operator also reported €1.265bn revenues for concession catering, a 1.8% increase compared to revenues of €1.242bn from the last year.

Elior Group chief executive officer Philippe Guillemot said: “Our third-quarter performance is in line with our forecasts and gives us confidence in our ability to achieve the objectives we have set ourselves for the full fiscal year.

“In concession catering, the start of the summer season is also in line with our expectations.”

“The 3% organic growth for the nine months ended 30 June 2018 was driven by our international operations, in view of revenue in France being weighed down by national strikes.

“However, we did manage to adapt our French operations in order to limit the overall effects of these strikes. In concession catering, the start of the summer season is also in line with our expectations.”

Concession catering revenue of the company’s international segment increased by 4.3% to €800m in the first nine months.

Elior Group also acquired Bateman Community Living in July this year to grow its presence in the US senior nutrition market.

This month, the company launched an offer to purchase non-controlling interests in Elior North America to raise its stake from 74% to 92%.

Guillemot added: “Our recent acquisition of Bateman Community Living in the United States and the measures taken to strengthen our partnership with the founder of our North American subsidiary mark the first strategic steps towards achieving the objectives in our plan.”