Elis: Record 2025 Revenue of 4.8 Billion Euros, Up by 4.9%
Global leader in circular services Elis has announced a 2025 annual revenue of 4,796.8 million euros, an increase of 4.9% compared to 2024. At constant exchange rates, growth reached 5.5%, while organic growth was 3.8% for the full year and 4.0% in the fourth quarter.
Detailed Financial Performance in 2025
Elis recorded a reported revenue of 4,796.8 million euros in 2025, marking an increase of 4.9% compared to the fiscal year 2024. This growth is broken down as follows: 3.8% organic growth, 1.8% scope effect, and a contraction of 0.7% due to exchange rate effects. At constant exchange rates, revenue growth reached 5.5%. The fourth quarter of 2025 showed an organic growth of 4.0%, confirming the group's commercial momentum at the end of the year. The group states that its estimated 2025 results are in line with the objectives communicated on March 6, 2025. The 2025 adjusted EBITDA margin is expected to be around 35.4%, an improvement of approximately 20 basis points compared to 2024. The group's record revenue reflects notably increasing demand in hygiene, traceability, and supply security, which supported the signing of numerous new contracts throughout the year. Price adjustments related to cost base inflation, particularly the rise in labor costs, also contributed to this growth.
Strategic Acquisitions in 2025
In 2025, Elis actively pursued its strategy of targeted acquisitions, with nearly a dozen operations primarily in the flat linen market in Europe and Latin America. These acquisitions include JP Muller in France (consolidated since December 1, 2025), Moderna and Wasned in the Netherlands, Ernst and Larosé in Germany, Bodensee in Switzerland, Carsan and Bugaderia Neutral in Spain (consolidated respectively since January 1, 2025, and June 1, 2025), as well as Acquaflash in Brazil. The group plans to continue this strategy in 2026 with many additional small to medium-sized acquisitions already under consideration. By region, France posted a reported growth of 3.3% (3.3% organic), Central Europe 8.5% (3.0% organic), Scandinavia and Eastern Europe 3.3% (1.9% organic), the United Kingdom and Ireland 1.7% (2.6% organic), Latin America an organic growth of 8.2% for a reported growth of 0.5% impacted by an exchange rate effect of -8.0%, and Southern Europe a reported growth of 11.2% (6.7% organic). The 'Others' category shows a reported growth of 16.0% (8.0% organic and 8.9% scope effect).
Financial Data and Upcoming Announcements
The financial data presented in this release are derived from Elis's annual accounting process and remain under audit. The group's accounts will be finalized by Elis's Executive Board on March 10, 2026. The complete 2025 results of the group will be communicated on March 11, 2026, before market opening. On this occasion, the group will also provide detailed financial outlook for 2026.
