Investing.com -- Elis reported first-quarter revenue of €1.13 billion, up 3.6% year over year, as organic growth, favorable pricing, and acquisitions helped offset calendar and macroeconomic headwinds.
The company reaffirmed its full-year 2025 guidance.
Organic revenue growth rose 2.5% in the quarter, despite a roughly 1.5% negative calendar effect caused by fewer billing days in February and the later timing of Easter. External growth contributed 2.1%, driven by recent acquisitions.
“Elis has made a solid start to 2025, in line with our forecast,” said Chairman of the Management Board Xavier Martiré. “Pricing adjustments implemented in 2025…enable us to offset the inflation of our cost base and also contributed to quarterly performance.”
Segment highlights included strong organic growth in Latin America (+6.5%) and Southern Europe (+4.7%), while France and Central Europe posted 1.9% organic growth each.
The U.K. and Ireland saw 2.3% organic growth, with additional tailwind from foreign exchange.
Despite adverse currency movements, particularly in Latin America, Elis said its diversified geographic and sector exposure helped buffer macroeconomic volatility.
The company said it does not expect a direct impact from newly introduced U.S. tariffs but acknowledged that commercial tensions are causing a more cautious approach among some clients.
Elis confirmed its 2025 targets, including organic revenue growth just below 4% and slightly higher adjusted EBITDA margin, EBIT margin, and headline earnings per share. The financial leverage ratio is expected to decline by about 0.1x by year-end.
Martiré said Elis’ “operational know-how” and “circular economy model” position the company to “strengthen its leadership in all the countries in which it is present.”