Amy Flikerski steps down from the Elis Supervisory Board Puteaux, 19 February 2026 – Amy Flikerski, a member of the Supervisory Board of Elis since June 2020, originally proposed by CPP Investments, has informed Elis that she was resigning from her duties of the Supervisory Board of Elis, effective February 18, 2026. In this role, she also served on the Corporate Social Responsibility Committee. This decision follows the sale of 7,027,199 Elis shares announced on February 12, 2026, and is in accordance with ...

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]

Core Viewpoint - Elis has announced a share capital decrease through the cancellation of treasury shares, which is part of its ongoing strategy to optimize capital structure and enhance shareholder value [1]. Group 1: Share Capital Decrease - On December 23, 2025, the Management Board decided to reduce Elis's share capital by cancelling 4,705,107 treasury shares, which represents 1.98% of the total share capital [2]. - The treasury shares cancelled were repurchased under the Group's share buyback program, which was authorized by shareholders in previous meetings [3]. Group 2: New Share Capital Structure - Following the cancellation, Elis's new share capital is €232,848,588, divided into 232,848,588 shares with a par value of one euro each [4]. - After the capital decrease, Elis retains 239,759 treasury shares, which represent 0.10% of the share capital [4]. Group 3: Company Overview - Elis is a leader in circular services, providing rental-maintenance solutions optimized by traceability technologies across 31 countries [5]. - The company focuses on meeting customer needs related to protection, hygiene, and well-being while supporting environmental objectives [5].

Core Insights - Elis, a global leader in circular services, has announced the acquisition of 100% of Muller in France, which is expected to enhance its service network and operational capabilities [1] Group 1: Acquisition Details - The acquisition of Muller is part of Elis's strategy to expand its network in France, aiming to strengthen its market position [1] - This move is anticipated to provide Elis with additional resources and expertise in the circular services sector [1] Group 2: Strategic Implications - The acquisition aligns with Elis's commitment to sustainability and circular economy principles, enhancing its service offerings [1] - By integrating Muller into its operations, Elis aims to improve efficiency and customer service, potentially leading to increased market share [1]

Core Insights - The company reported a revenue increase of 5.3% in Q3 2025, reflecting strong market vitality, particularly in the Hospitality sector during the summer [1][6][10] - The company confirmed its full-year 2025 financial objectives, demonstrating resilience amid European economic and political uncertainties [2][3][7] Revenue Performance - Q3 2025 organic revenue growth was 4.2%, supported by a solid summer season in Hospitality in France and Southern Europe [8][11] - Revenue breakdown by region showed significant growth: - France: +4.2% organic growth - Central Europe: +7.5% reported growth, with +2.7% organic growth - Scandinavia & Eastern Europe: +3.5% reported growth, with +2.3% organic growth - UK & Ireland: +3.0% organic growth, reported growth of +1.1% - Latin America: +3.9% reported growth, with +8.8% organic growth - Southern Europe: +12.6% reported growth, with +6.9% organic growth [10][11][18][19] Market Dynamics - The company experienced robust activity in Hospitality and sustained demand in workwear, with a diverse client portfolio helping to mitigate slowdowns in certain European sectors [6][8][18] - In Latin America, the expansion of outsourcing and price adjustments due to labor cost inflation contributed to strong performance [6][18] Strategic Initiatives - The company is actively pursuing a targeted acquisition strategy, contributing 1.7% to Q3 reported revenue, with several comparable acquisitions currently under consideration [7][8] - A share buyback program of 150 million euros is underway, with approximately 130 million euros already repurchased [8] Financial Outlook - Full-year organic revenue growth is expected to be slightly below 4%, impacted by a negative calendar effect of around -0.3% [8] - Adjusted EBITDA margin, adjusted EBIT margin, headline net income per share, and free cash flow are all anticipated to be slightly higher than in 2024 [8]

Core Viewpoint - Elis has successfully priced a €350 million issuance of senior unsecured notes under its EMTN Programme, reflecting strong investor confidence in the company's business model and future prospects [2][3]. Group 1: Financial Details - The notes have a maturity of 6 years and carry a fixed annual coupon of 3.375% [2]. - The net proceeds from this issuance will primarily be used to refinance existing notes amounting to €350 million that are due on February 15, 2026 [3]. Group 2: Market Reception - The transaction received an extremely positive reception, indicated by strong investor demand and tight pricing, showcasing confidence in the resilience of Elis's business model [3]. Group 3: Strategic Context - This issuance is part of Elis's active refinancing strategy and aligns with the company's cash allocation policy announced in March 2025 [3]. Group 4: Underwriting Syndicate - The bond placement was managed by a syndicate of nine banks, including Banco Bilbao Vizcaya Argentaria, Crédit Agricole CIB, and HSBC among others [4]. Group 5: Company Overview - Elis is recognized as a leader in circular services, utilizing a rental-maintenance model enhanced by traceability technologies to meet customer needs in protection, hygiene, and well-being while supporting environmental objectives [5].

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].