Q3 2023 Elior Group SA Corporate Sales Call Transcript
Hello, and welcome to the Elior Third Quarter 2022/23 Revenues Conference Call. Please note, this call is being recorded.
(Operator Instructions)
I will now hand you over to your host, Mr. Didier Grandpre, Group CFO, to begin today's conference. Thank you.
Thank you. Good afternoon, everyone. Thank you for joining us on this call at short notice. As part of our quarterly internal reporting and forecasting process, it became clear that our adjusted EBITA margin for the current fiscal year was going to be below guidance that's why we published sooner than initially scheduled. Let's address this first before commenting on our third quarter revenue and then opening up the call for Q&A.
We are talking about 3 new contracts totaling about EUR 200 million worth of annual revenue, 2 in Italy and 1 in France. The main contract is an onboard train catering for the state-owned national operator in Italy. The contract was renewed at the end of 2022 and began in its new shape in May.
The
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