Elior Group Ord (ELROF) Q2 2026 Earnings Call

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WEBVTT 00:00:00.875 -- 00:00:05.400 Welcome to the Elior Group Half-Year 2025-2026 Financial 00:00:05.400 -- 00:00:09.804 Results Presentation. Please note, this call is being recorded. 00:00:09.804 -- 00:00:13.848 The management discussion and slide presentation plus the analyst questions and answers 00:00:13.848 -- 00:00:16.831 session is broadcasted live over the Internet. 00:00:16.831 -- 00:00:21.076 Today's call will be managed by Didier Grandpre, Group CFO. 00:00:21.076 -- 00:00:25.420 He will carry on with the usual presentation before opening the Q&A session. 00:00:25.420 -- 00:00:28.782 Mr. Grandpre, please go ahead. 00:00:29.562 -- 00:00:33.967 Thank you very much and good morning everyone, and thank you for joining Elior Group 00:00:33.967 -- 00:00:39.113 for our 2026 Alfeur Financial Presentation. 00:00:39.113 -- 00:00:41.977 The first half shows the resilience of the group. 00:00:41.977 -- 00:00:47.163 We delivered positive organic growth, resilient underlying profitability, 00:00:47.163 -- 00:00:52.489 and a positive net result. The semester was affected by delayed ramp-up 00:00:52.489 -- 00:00:57.682 of newly signed large contracts. and by one exceptional item 00:00:57.682 -- 00:01:02.751 related to a tariff dispute in Italy. We are adjusting our 00:01:02.751 -- 00:01:08.241 full year guidance to reflect this updated visibility while remaining confident 00:01:08.241 -- 00:01:13.371 in the Group's medium-term perspective as earlier benefits already from 00:01:13.371 -- 00:01:19.258 solid financial foundations following the turnaround since 2023. 00:01:23.680 -- 00:01:28.549 Before starting, please take a moment to review the disclaimer shown on this slide. 00:01:28.549 -- 00:01:33.218 This presentation contains summary information and includes forward-l...