EarningsElis reported a solid start to the year, with organic growth of 6.4% above consensus expectations of 5.5%.
Financial PerformanceThe stock still trades below its historical multiples, which does not fully reflect its resilient fundamentals and the upside risk on margins.
Growth ProspectsForecasts for the full year anticipate an EBITDA margin of 35.4%, up by 120bps year-over-year, with potential savings from lower energy costs and gains in productivity.