Elis: Full-year 2025 results

Financial Performance - In 2025, the company reported record revenue of 4,796.8 million euros, representing a 5.5% increase at constant exchange rates and a 3.8% organic growth [5][7][13] - Adjusted EBITDA rose by 5.6% to 1,700.1 million euros, with an adjusted EBITDA margin of 35.4%, up 20 basis points [5][25] - Net income increased by 8.6% to 366.6 million euros, while headline net income reached 467.3 million euros, up 4.7% [5][34][38] Regional Performance - France's revenue grew by 3.3%, driven by workwear and hospitality sectors [16] - Central Europe saw an 8.5% increase in revenue, supported by strong commercial momentum and acquisitions [17] - Latin America achieved an organic growth of 8.2%, with solid performance in Mexico and Brazil [20] - Southern Europe reported an 11.2% revenue increase, bolstered by strong hospitality activity [21] Operational Highlights - The company maintained strong commercial momentum across all geographies, benefiting from outsourcing trends and operational optimizations [5][9] - Adjusted EBIT was stable at 16.0% of revenue, with a 4.6% increase to 766.6 million euros [30] - Free cash flow reached 358.6 million euros, up 3.5% from the previous year [46] 2026 Outlook - The company anticipates further improvement in financial metrics for 2026, including a new share buyback program of up to 500 million euros [4][11][55] - Organic revenue growth is expected to be slightly below 2025 levels, with adjusted EBITDA and EBIT margins projected to increase slightly [59] - The financial leverage ratio is expected to decrease by approximately 0.1x by December 31, 2026 [59][47] Shareholder Returns - A proposed cash dividend of 0.48 euros per share for the 2025 financial year represents a 7% increase year-on-year [49] - The company executed a 150 million euros share buyback program in 2025 and plans to continue this policy with a larger program in 2026 [10][54] Sustainability Initiatives - The company reported that 70% of its revenue aligns with the EU Taxonomy for circular economy objectives [60] - Significant progress was made in reducing greenhouse gas emissions, with a 24% reduction in scopes 1 and 2 emissions by the end of 2025 [66] - The company achieved or exceeded most of its 2025 sustainability commitments, including a 20% increase in workwear reuse [71]