Elis: 2025 full-year revenue

Core Insights - The company achieved record full-year revenue of nearly €4.8 billion in 2025, reflecting a growth of +4.9% compared to 2024 and +5.5% at constant exchange rates [1][5] - The estimated results for 2025 are in line with the objectives communicated earlier [4][10] Revenue Breakdown - Reported Group revenue reached €4,796.8 million in 2025, with organic growth of +3.8%, a scope effect of +1.8%, and a currency impact of -0.7% [2][12] - The full-year revenue growth breakdown by region includes: - France: €1,399.4 million, +3.3% growth [12][15] - Central Europe: €1,234.1 million, +8.5% growth [12][17] - Scandinavia & Eastern Europe: €639.8 million, +3.3% growth [12][19] - UK & Ireland: €579.5 million, +1.7% growth [12][20] - Latin America: €457.7 million, +0.5% growth [12][22] - Southern Europe: €450.7 million, +11.2% growth [12][24] - Others: €35.6 million, +16.0% growth [12][26] Quarterly Performance - In Q4 2025, the Group reported revenue of €1,205.7 million, reflecting a growth of +5.6% [13][14] - Q4 organic growth was +4.0%, with notable performances in various regions: - France: +2.5% [15][16] - Central Europe: +4.2% [18] - Latin America: +9.7% [23] - Southern Europe: +7.5% [25] Strategic Initiatives - The company actively pursued a targeted acquisition strategy, completing nearly 10 transactions primarily in the flat linen market, which contributed approximately €80 million to 2025 revenue [3][9] - The company plans to continue this acquisition strategy into 2026, with several additional small and mid-sized acquisitions under review [9] Market Dynamics - Despite a slowdown in some European sectors, the company maintained strong commercial momentum, particularly in workwear and healthcare markets in Latin America [6][8] - The hospitality sector experienced a significant rebound during the summer and year-end periods, particularly in France, Spain, and Portugal [7][8] Financial Metrics - The adjusted EBITDA margin for 2025 is expected to be around 35.4%, an improvement of approximately 20 basis points compared to 2024 [10] - The company anticipates providing detailed financial guidance for 2026 during the release of the 2025 annual results [10]