Elis 3Q Revenue Results Mixed

Elis, an international multiservice provider offering textile, hygiene and facility services solutions across Europe and Latin America, recently announced its results for the third quarter of 2020. Despite the COVID-19 pandemic, the company, based in St.-Cloud, France, reports that 75% of its total business returned to near-normal levels. Revenue rose 3% in healthcare, fell 2% in industrial and dropped 2% in trade and services. Hospitality declined nearly 40%: During the summer, domestic tourism only partly offset the sharp decrease in international tourism. Central Europe and Scandinavia were resilient due to the large quantity of ...