As a major shareholder with a 25.1% stake, Bim is closely partnering Elior Group in its growth and transformation projects. Elior Group is the world’s fourth-largest contract caterer (operating in the business & industry, education and healthcare markets) and third-largest concession caterer (present on motorways and at airports and railway stations).
Elior Group – which has a market capitalization of over €3.5 billion – is now included in the SBF 120 index and it is one of the top three favorite shares for analysts on the Paris stock market.
In the fiscal year ended September 30, 2016, Elior Group’s consolidated revenue rose 3.9% to €5.896 billion, fueled by 3.1% organic growth (excluding the effect of voluntary contract exits) as well as acquisition-led expansion. The group acquired ABL Management and Preferred Meals in the USA and Waterfall Catering Group in the UK for its concession catering business during the year, and in concession catering it purchased Autogrill’s railway station concession operations in France. In November 2016, it announced that it had entered the Indian market, giving the Group its first foothold in Asia and creating a new subsidiary, Elior India, which employs 3,500 people.
Having catered for the United Nations Climate Conference held in Paris in 2015, Elior Group decided to lend Its support to Paris’s bid for the 2024 Olympic Games and France’s candidature for World Expo 2025. Lastly, Elior Group moved its worldwide headquarters to the Tour Egée, in the heart of the La Défense business district in Paris, enabling it to bring 1,200 employees together under the same roof. Elior Group’s consolidated EBITDA reached €501 million in 2015-2016, and its EBITDA margin widened by 20 basis points year on year to 8.6%.
Philippe Salle, Elior Group’s Chairman and Chief Executive Officer, has announced that the priorities for 2016-2017 are as follows:
“We of course intend to ensure that we make a success of our entry into the Indian market and we plan to pursue our trajectory of acquisition-led growth. For the contract catering business, our aim is to continue to grow in the United States, the United Kingdom and other countries and in concession catering we will be particularly focusing on airports in Northern Europe and the United States. Now that we have put in place the organizational structures and management teams we need in order to accelerate the implementation of our strategy, I want to concentrate on local-level managers – who are key to the success of our ambitious plans – by investing, for example, in more modern systems and processes so they can devote more of their time to growing their revenue and margins.”
Just as it has done since Elior Group was founded 25 years ago, Bim intends to partner Elior Group’s teams in further developing the group’s business and supports the objectives set by Philippe Salle, its Chairman and Chief Executive Officer, including the “Tsubaki” transformation plan whose initial benefits began to feed through in 2016.