Elior: awakening in the kitchen | The echoes

2023-11-22 20:39:05

Published on Nov. 22, 2023 at 7:39 p.m. Updated on Nov. 22, 2023 at 7:44 p.m.

It’s like the end of a kitchen nightmare. After two consecutive “profit warnings”, Elior has issued a good annual publication, enough to help its stock market guests better digest the growing addition of financial costs. CEO Daniel Derichebourg logically makes debt reduction his priority, and his promise of a gradual normalization of net debt leverage (3 times at the end of September 2026, compared to 5.4 times two years earlier) is thus fueled by operational progress. , despite a “free cash flow” just in balance.