Elis (ELIS) Q4 2025 TU earnings summary

Executive summary

• Achieved record full-year revenue of €4,796.8m in 2025, up 4.9% year-over-year, with 3.8% organic growth and a 1.8% scope effect, partially offset by a -0.7% currency impact.

• Strong commercial momentum, especially in Hospitality during summer and December, and continued expansion in outsourcing and service roll-out across geographies.

• High customer portfolio diversification mitigated sector slowdowns in Europe, particularly in H2.

• Pricing adjustments implemented to offset cost inflation, notably higher labor costs.

• Nearly 10 targeted acquisitions completed, mainly in flat linen for Hospitality and Healthcare in Europe and Latin America, generating significant synergies.

Financial highlights

• Full-year revenue reached €4,796.8m, up 4.9% compared to 2024.

• Organic revenue growth was 3.8% for the year and 4.0% in Q4 2025.

• Adjusted EBITDA margin expected at 35.4%, up 20 basis points from 2024.

• Revenue from recent acquisitions contributed approximately €80m to 2025 revenue.

Outlook and guidance

• 2025 results expected in line with objectives; detailed 2026 guidance to be provided with full-year results in March 2026.

• Adjusted EBITDA margin, adjusted EBIT margin, headline net income per share, and free cash flow all expected slightly higher than in 2024.

• Financial leverage ratio reduction limited to approximately -0.1x in 2025.