Q3 2025 revenue up +5.3% Dynamic summer season in Hospitality, robust activity in other markets Full-year 2025 financial objectives confirmed The Group continues to grow, confirming the resilience of its model amid ongoing European economic and political uncertainty Organic revenue growth +4.2% in Q3, supported by a solid summer season in Hospitality in France and Southern EuropeCommercial momentum remains positive in most countries, particularly in workwear marketGood performance in Latin America, driven ...

Elis successfully priced a 350 million euros note issuanceunder its EMTN Programme Saint-Cloud, 26 August 2025 – Elis, the global leader in circular services at work, today announces that it has successfully priced the issue of 350 million euros aggregate principal amount of senior unsecured notes under its EMTN (Euro Medium Term Notes) Programme. The maturity of the notes is 6 years, and the notes carry a fixed annual coupon of 3.375%. The extremely positive reception of this transaction, illustrated by s ...

Core Viewpoint - Elis has demonstrated strong financial performance in H1 2025, achieving profitable growth despite a challenging macroeconomic environment in Europe, and has confirmed all full-year financial objectives for 2025 [2][5][11]. Financial Performance - H1 2025 revenue reached €2,343.1 million, reflecting a 4.3% increase, with organic growth of approximately 4% after adjusting for a negative calendar effect [7][9]. - Adjusted EBITDA rose by 5.1% to €813.8 million, with an adjusted EBITDA margin improvement of 30 basis points to 34.7% [7][11]. - Net income increased by 28.6% to €152.5 million, while headline net income was up 2.6% to €213.2 million, with headline net income per share rising by 3.0% to €0.85 [7][38]. Growth Strategy - Approximately 70% of Elis' revenue is less exposed to economic cycles, allowing the company to continue executing its growth strategy amid economic slowdowns [4][11]. - The company has maintained strong commercial momentum, signing numerous new contracts driven by increased outsourcing and service expansion [10][11]. - Recent acquisitions in Spain, Germany, and Switzerland contributed 1.8% to reported revenue growth in H1 2025 [7][11]. Regional Performance - Revenue growth varied by region, with Southern Europe showing a 9.5% increase, Central Europe at 8.8%, and Latin America experiencing a reported decline of 5.9% due to currency fluctuations [13][25][28]. - In France, revenue grew by 3.1%, supported by solid commercial activity and a rebound in the hospitality sector [19][20]. - The UK & Ireland region saw a 4.0% revenue increase, while Scandinavia & Eastern Europe reported a 2.6% rise [24][22]. Operational Efficiency - The company achieved further productivity gains through the optimization of industrial processes and improved energy purchasing conditions [7][11]. - The adjusted EBITDA margin in Central Europe improved by 100 basis points to 32.3%, driven by better energy purchasing conditions and operational improvements [21]. Cash Flow and Financial Health - Free cash flow for H1 2025 was €31.0 million, aligning with the full-year objective [44]. - The financial leverage ratio decreased to 1.92x as of June 30, 2025, down from 2.06x a year earlier, indicating improved financial health [45]. Corporate Social Responsibility (CSR) - Elis reported a 2.7% improvement in energy efficiency in its European laundries compared to H1 2024, reflecting ongoing CSR commitments [7][49]. - The company aligns 69% of its revenue with the transition to a circular economy, highlighting the sustainability of its business model [51].

Group 1 - Bpifrance Investissement has resigned from the Supervisory Board of Elis, effective June 5, 2025, after being a member since January 9, 2023 [1][2] - The resignation follows the sale of 6,900,000 Elis shares announced on June 3, 2025, and aligns with the governance agreement between Bpifrance Investissement and Elis [2] - Thierry Morin, Chairman of the Supervisory Board, expressed gratitude to Bpifrance Investissement and Paul-Philippe Bernier for their contributions [2] Group 2 - Elis is a leader in circular services, utilizing a rental-maintenance model enhanced by traceability technologies [3] - The company operates in 31 countries, addressing customer needs related to protection, hygiene, and well-being while supporting environmental objectives [3] - Elis aims to create sustainable value for shareholders, customers, employees, and the environment through its operational expertise and profitable organic growth profile [3]

Core Viewpoint - Elis has reported a solid start to 2025, with Q1 revenue increasing by 3.6% to €1,131.9 million, despite facing a strong negative calendar effect of approximately -1.5% [2][5][9]. Financial Performance - Q1 2025 organic revenue growth was 2.5%, aligning with the projected yearly sequence [3][5]. - The revenue breakdown by region shows varied performance, with Central Europe achieving a notable 9.1% growth, driven by acquisitions and solid activity in Belgium and the Netherlands [12]. - Latin America experienced a revenue increase of 6.5%, although it faced a significant negative impact from local currency fluctuations, resulting in a -5.8% overall growth [16]. Strategic Initiatives - Elis continues its strategy of targeted bolt-on acquisitions, contributing to external growth of 2.1% in Q1, with three acquisitions in Spain, Germany, and Switzerland [4][7]. - The company is focusing on strengthening its network in the flat linen market, particularly in Hospitality and Healthcare sectors [7]. Market Dynamics - The company noted a slight drop in commercial momentum in some markets due to global instability and commercial tensions, but the overall performance remained resilient [8]. - Pricing adjustments implemented in 2025 have helped offset inflation in the cost base, contributing positively to quarterly performance [6]. Outlook - The company confirms its financial objectives for 2025, expecting full-year organic revenue growth slightly below 4%, with an adjusted EBITDA margin and adjusted EBIT margin anticipated to be slightly higher [4][9]. - The financial leverage ratio is expected to decline by approximately 0.1x by the end of 2025 compared to the end of 2024, in line with the cash allocation policy [8].