2023-11-25 02:00:00
Published on Nov 26, 2023 at 2:00 p.m.
The recovery of the collective catering and services specialist is on track, as the results published for the 2022-2023 financial year, ending September 30, attest. Based on a turnover of 5.2 billion euros, an increase of 17.3% (due to the acquisition of Derichebourg Multiservices) and 11.2% at constant data, the group achieved an adjusted operating profit (Ebita) of 59 million, compared to a loss of 48 million a year earlier, showing an adjusted margin of 1.1%. Exits from loss-making contracts and committed cost reductions have had their effects, while price increases have almost offset inflation in input costs.
Due to exceptional charges linked to the depreciation of assets and high financial costs, resulting from a combined increase in debt and its cost following the rise in rates, the financial year ended with a loss net of 93 million, compared to a deficit of 427 million a year earlier.
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