Catering International Services (FR:ALCIS) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Catering International Services (CIS) has reported a strong first half of 2024, with revenue up by 29.0% to €199.5M and significant growth in operational profitability, with EBITDA up by 88% to €14.2M at constant exchange rates. The improvement is attributed to growth across all geographic areas, with Americas, Africa, and Eurasia leading the expansion. The Group remains financially robust, with a solid equity and cash position, and is optimistic about its growth prospects for the latter half of the year.
For further insights into FR:ALCIS stock, check out TipRanks’ Stock Analysis page.