Elis

Q1 2017 revenue

Strong growth in Q1 2017 revenue, up +14.3%
Organic growth at +2.3%

• Further organic growth in all geographies on an already high comparable base
  • +0.7% in France in a context marked by a recovery in the Hospitality market

+7.2% in Latin America, with continued commercial momentum

+4.5% in Europe, with all countries up on an organic basis and Spain still growing strongly

Strong contribution of acquisitions to growth: + 9.6% in the quarter

• Integration of Indusal and Puschendorf on schedule
• Further consolidation of the French market with the acquisition of La Blésoise in March
• Awaiting clearance from the Brazilian antitrust authorities for the acquisition of Lavebras

2017 outlook confirmed

• Revenue above €1.7bn (excluding Lavebras contribution)
• Group organic growth in line with 2016
• EBITDA margin: flat in France, improvement in Europe and in Latin America

Saint Cloud, April 27, 2017 - Elis, the leading multi-services group in Europe and Latin America, specializing in the rental and maintenance of flat linen, professional clothing, hygiene and well-being appliances, today announces its revenues for the 3 months ended 31 March 2017.

Commenting on the first quarter revenues, Xavier Martiré, CEO of Elis, said:

 « Elis posted revenue growth of more than 14% in Q1. Organic growth was +2.3% with all geographies up despite a high comparable base. The acquisitions made in 2016, as well as the currency effect, largely contributed to growth.

In France, Q1 revenue was better than expected thanks to the recovery in the Hospitality market, although this trend remains to be confirmed. In Europe and in Latin America, the Group continued to show very good momentum.

These good Q1 numbers reinforce our confidence in our 2017 outlook, both in terms of revenue and margin.»

Q1 revenues (EUR million)

2017

2016

Reported growth

Organic