Elis SA (FRA:7EL)

€ 22.1 0.22 (1.01%) Market Cap: 5.10 Bil Enterprise Value: 8.87 Bil PE Ratio: 22.55 PB Ratio: 1.52 GF Score: 76/100

Half Year 2019 Elis SA Earnings Call Transcript

Jul 24, 2019 / 04:00PM GMT

Release Date Price: €16.63 (-0.12%)

Transcript

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's H1 2019 results conference call. (Operator Instructions) I must advise you that this conference is being recorded today, Wednesday, the 24th of July 2019. And now I would like to hand the conference over to one of your speakers today, Mr. MartirÃ©. Please go ahead.

Xavier MartirÃ;Elis SA;Chairman of the Management Board;CEO

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Yes, good afternoon, everyone. Welcome to our 2019 half year results conference call, which is also webcasted. The speakers on this call will be Louis Guyot, CFO; and myself. So after an overview of the H1 business highlights, I will hand over to Louis. He will detail the first half financial performance. I will then come back to provide you with some comments on our strategy and our full-year outlook.

So let me start with the highlights of our H1 performance, our 2019 H1 results are very satisfactory. Revenue of EUR 1.6 billion was up 5.1% at constant FX rate. Organic growth accelerated in Q2, which

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