Economia
Elis: Q3 2025 revenue
Q3 2025 revenue up +5.3%
Dynamic summer season in Hospitality, robust activity in other markets
Full-year 2025 financial objectives confirmed
The Group continues to grow, confirming the resilience of its model amid ongoing European economic and political uncertainty
Confirmation of 2025 financial objectives
Saint-Cloud, 30 October 2025 – Elis, the global leader in circular services at work, today announces its revenue for the third quarter of 2025. These figures are unaudited.
Commenting on the announcement, Xavier Martiré, Chairman of the Management Board of Elis, said:
“In the third quarter, Elis continued to make progress in a context of significant economic and political uncertainties, particularly in Europe.
Revenue growth of more than 5% reflects the vitality of our markets, with a strong summer in Hospitality and sustained demand in workwear.
In Latin America, the continued expansion of outsourcing and price adjustments linked to labour cost inflation contributed to a remarkable performance.
The broad diversity of our clients and geographic footprint helps mitigate the effects of the slowdown observed in certain European sectors.
At the same time, we are actively pursuing our targeted acquisition strategy, with several projects currently under review.
This momentum, combined with our circular and high-performing business model, enables us to confirm our 2025 financial objectives.
The resilience demonstrated by Elis through recent crises, the robustness of its operating model, and its strong commitment to the principles of the circular economy are key assets that will further strengthen the Group’s leadership across all its markets.”
I. Q3 2025 revenue
In all tables, « Others » includes Manufacturing Entities, holding companies and Asia; percentage change calculations are based on actual figures.
Reported revenue
Q3 2025 reported growth breakdown
9-month 2025 organic revenue growth
France
Q3 revenue was up +4.2% (entirely organic). Hospitality benefited from a favourable comparable base, and the summer season was particularly well-oriented. Commercial momentum remained satisfactory in both flat linen and workwear, despite an increasing number of business failures and a political environment weighing on the economy.
Central Europe
Q3 revenue rose +7.5% in the region (+2.7% on an organic basis). Commercial momentum remained good, with new contracts signed across all markets. Poland and Belgium were especially well-oriented, both delivering organic growth above 7%. Activity remained dynamic in the Netherlands but slowed noticeably in Germany. Recent acquisitions in the region contributed +4.6% to quarterly revenue growth.
Scandinavia & Eastern Europe
Revenue increased +3.5% in Q3 (+2.3% on an organic basis), with a FX impact of +1.2%. Organic growth was driven by continued outsourcing in workwear, particularly in Norway, Finland and the Baltic countries. In Denmark, a few client losses recorded over previous quarters continued to weigh on growth.
UK & Ireland
Revenue was up +3.0% organically in Q3, supported by commercial dynamism in flat linen and favourable pricing. The summer season was satisfactory in Hospitality. Reported revenue grew +1.1%, including a -1.9% FX impact.
Latin America
Revenue increased +3.9% in Q3 (+8.8% on an organic basis, with a -4.9% FX impact). The region’s economic environment remains much more favourable than in Europe. The development of outsourcing continues, generating new commercial opportunities. The Group signed new contracts, notably in flat linen, including a significant agreement in the Healthcare sector in Mexico. In addition, pricing effects remain high, reflecting workforce cost inflation.
Southern Europe
Revenue rose +12.6% in Q3 (+6.9% on an organic basis), driven by strong activity in Hospitality and continued outsourcing in workwear. In addition, recent acquisitions contributed +5.7% to quarterly growth.
Others
The ‘others’ category comprises the manufacturing entities (including French household linen maker Le Jacquard Français and UK washroom appliance manufacturer Kennedy Hygiene ), as well as holding companies and the Group’s activities in Asia (including Malaysia and Singapore).
II. Other information
Financial definitions
Geographical breakdown
III. Upcoming events
IV. Contacts
Nicolas Buron
Director of Investor Relations, Financing & Treasury
Phone: + 33 (0)1 75 49 98 30 - nicolas.buron@elis.com
Charline Lefaucheux
Investor Relations
Phone: + 33 (0)1 75 49 98 15 - charline.lefaucheux@elis.com
V. Disclaimer
This press release may include data information and statements relating to estimates, future events, trends, plans, expectations, objectives, outlook and other forward-looking statements relating to the Group’s future business, financial condition, results of operations, performance and strategy as they relate to climate objectives, financial targets and other goals set forth therein. Forward-looking statements are not statements of historical fact and may contain the terms “may”, “might”, “will”, “should”, “could”, “would”, “likely”, “continue”, “aims”, “estimates”, “envisions”, “projects”, “believes”, “intends”, “expects”, “plans”, “seeks”, “targets”, “thinks”, or “anticipates” or words of similar meaning. In addition, the term “ambition” expresses an outcome desired by the Group, it being specified that the means to be deployed do not depend solely on the Group. Such forward-looking information and statements have not been audited by the statutory auditors. They are based on data, assumptions and estimates that the Group considers as reasonable as of the date of this press release and, by nature, involve known and unknown risks and uncertainties. These data, assumptions and estimates may change or be adjusted as a result of uncertainties, some of which are outside the control of the Group, relating particularly to the economic, financial, competitive, regulatory or tax environment or as a result of other factors of which the Group is not aware on the date of this press release. In addition, the materialization of certain risks, especially those described in section 2.3 “Risk factors and internal control” of chapter 2 “Corporate governance” of the Universal Registration Document for the financial year ended December 31, 2024, which is available on Elis’s website (www.elis.com), may have an impact on the Group’s business, financial condition, results of operations, performance, and strategy, notably with respect to these climate-related objectives, financial objectives or other objectives included in this press release. Therefore, the actual achievement of climate-related objectives, financial targets and other goals set forth in this press release may prove to be inaccurate in the future or may differ materially from those expressed or implied in such forward-looking statements. The Group makes no representation and gives no warranty regarding the achievement of any climate objectives, targets and other goals set forth in this press release. Therefore, undue reliance should not be placed on such information and statements.
This press release and the information included therein were prepared on the basis of data made available to the Group as of the date of this press release. Unless stated otherwise in this press release, this press release and the information included therein are accurate only as of such date. The Group assumes no obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.
This press release includes certain non-financial metrics, as well as other non-financial data, all of which are subject to measurement uncertainties resulting from limitations inherent in nature and the methods used to determine them. These data generally have no standardized meaning and may not be comparable to similarly labelled measures used by other companies. The Group reserves the right to amend, adjust and/or restate the data included in this press release, from time to time, without notice and without explanation. The data included in this press release may be further updated, amended, revised or discontinued in subsequent publications, presentations and/or press releases of Elis, depending on, among other things, the availability, fairness, adequacy, accuracy, reasonableness or completeness of the information, or changes in applicable circumstances, including changes in applicable laws and regulations.
This press release may include or refer to information obtained from or established on the basis of various third-party sources. Such information may not have been reviewed, and/or independently verified, by the Group and the Group does not approve or endorse such information by including them or referring to them. Accordingly, the Group does not guarantee the fairness, adequacy, accuracy, reasonableness or completeness of such information, and no representation, warranty or undertaking, express or implied, is made or responsibility or liability is accepted by the Group as to the fairness, adequacy, accuracy, reasonableness or completeness of such information, and the Group shall not be obliged to update or revise such information.
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