Elis Shares Climb 2.15% to €26.60 After Q1 Revenue Hits €1.18 Billion
Elis shares advanced 2.15% to €26.60 mid-session this Tuesday, extending gains following Monday's quarterly earnings report. The increase brings the year-on-year performance to 15.15%. The annual shareholder meeting is scheduled for May 21.
Share Price Nears Resistance at €27.16
Elis shares are approaching their technical resistance at €27.16, which also represents the upper limit of the Bollinger Bands. The stock is positioned in the upper part of the channel, approximately 2% below the ceiling. Both the 50-day moving average at €25.75 and the 200-day moving average at €24.79 have been surpassed for several sessions, indicating a positive medium-term trend. The RSI stands at 50, remaining neutral without showing any extreme movements. The session is part of a positively oriented Parisian market: the CAC 40 is up 0.62% at 8,025.89 points and the SBF 120 has gained 0.64% during the session.
Quarterly Report Confirms 2026 Trajectory
Today's movement extends the reaction to Monday's reported first-quarter revenue of €1,180.5 million, up 4.3% as reported and 3.1% organically. The group has reaffirmed all its annual targets despite a temporary impact from Middle East tensions on the hospitality sector in March. The macroeconomic backdrop remains mixed: the ECB kept its key interest rates unchanged on April 30, noting upside risks to inflation and downside risks to growth, while Brent crude is trading around $108 per barrel. This context has no direct established link with the stock's movement. The next financial calendar event is the UBS Pan European Small and Mid-Cap Conference on May 13, followed by the annual general meeting on May 21.
