Elis (ELIS) Q1 2026 TU earnings summary

Executive summary

• Q1 2026 revenue rose 4.3% year-over-year to €1,180.5m, with 3.1% organic growth, 1.0% from M&A, and 0.2% FX effect.

• Strong commercial momentum with a sharp increase in new contract signings across all segments and geographies.

• No significant business impact from geopolitical events; temporary dip in hospitality occupancy in March quickly normalized.

Financial highlights

• Organic growth of 3.1% in Q1 2026, in line with expectations for the year.

• Latin America delivered nearly 10% organic growth, led by major contracts in Mexico.

• Pricing adjustments offset labor cost inflation, especially in Germany and Latin America.

• M&A contributed 1.0% to growth, reflecting acquisitions closed in 2025.

Outlook and guidance

• 2026 guidance confirmed: organic revenue growth expected slightly below 2025 levels.

• Adjusted EBITDA and EBIT margins expected to increase slightly.

• Free cash flow projected to grow at a mid-single-digit rate.

• Headline net income per share (fully diluted) expected to grow at a high-single-digit rate.

• Financial leverage ratio anticipated to decrease by approximately 0.1x by year-end.