On the occasion of its business update, the Elior catering and services group has revised its guidance for the 2022-23 financial year, now expecting organic sales growth of at least 10%, but an adjusted EBITA margin of around 1%.

Sales from continuing operations rose by 20% to €1.42 billion in the third accounting quarter, with organic growth of 8.8% and a change in scope of consolidation of +12%, linked to the integration of Derichebourg Multiservices.

On a comparable basis, sales rose by 7.6%, with a volume effect of +2.4% and a price effect of +5.2%. In addition, business development, net of contract losses, contributed to sales growth of 3.1%.

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