Although its activity is approaching its pre-Covid levels, Elior is far from out of the woods.
In the first half (ended at the end of March) of its 2021-2022 financial year, the collective catering giant saw its turnover increase by 19.8%, to 2.2 billion euros.
But he widened his losses, to 266 million euros (-53 million a year earlier).
This deficit is mainly explained by provisions for asset depreciation of 181 million euros, including 62 million euros due to the closure of its American subsidiary Preferred Meals.
But it also reveals a worrying deterioration in margins, under the effect of galloping inflation in food and energy prices.
"Double impacted on its margins by the pandemic and now inflation, Elior is implementing a vigorous recovery plan,"
warns the company.
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