Elis plans EUR 380 million redemption as Oddo BHF targets Elis stock at EUR 31.50

Published on 10/02/2026 at 16:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Redemption is set for October 13, 2026, for notes due in 2029. Elis stock costs EUR 21.26 on October 2, 2026 after EUR 21.07, plus 0.90 percent.

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Elis stock (ISIN FR0012435121) was trading at EUR 21.26 at Lang & Schwarz on October 2, 2026, at 4:13 p.m. CEST, up 0.90 percent versus the prior close of EUR 21.07. On September 11, MarketScreener reported that Elis planned the early redemption of EUR 380.0 million of 2.25 percent convertible bonds due in 2029, while on September 8 the same publisher reported that Oddo BHF maintained an Outperform rating with a EUR 31.50 target.

Convertible bonds reach deadline

The bond redemption is scheduled for October 13, 2026, according to MarketScreener. Holders had until October 2, 2026, to exercise conversion or exchange rights, making the date a concrete near-term capital-markets milestone for Elis.

The transaction concerns bonds issued with a 2.25 percent coupon and a 2029 maturity. Its timing also gives investors a defined point at which the outstanding convertible structure will change, rather than leaving the instrument on its original schedule.

Oddo target leaves a wide gap

Oddo BHF's EUR 31.50 target lies 48.16 percent above the EUR 21.26 Lang & Schwarz price, calculated on October 2, 2026. The comparison is substantial, but the reference price remains close to the EUR 20.94 52-week low and below the EUR 28.34 high.

Elis had a market capitalization of EUR 4.6 billion on October 2, 2026. That valuation gives the bond action a useful scale: the EUR 380.0 million principal equals a material financing item, while the equity value remains exposed to the market's assessment of operating growth and leverage.

Next revenue date is October 28

Elis lists its third-quarter 2026 revenue release for October 28, 2026, on its investor-relations page. The same page identifies the first-half 2026 financial report dated July 30, 2026, and the results presentation dated July 29, 2026, giving the next revenue update a clear reporting sequence.

Elis stock stays near its yearly low

At 4:13 p.m. CEST on October 2, 2026, Elis stock was trading at EUR 21.26 at Lang & Schwarz, versus the EUR 21.07 prior close on October 1, 2026, a plus 0.90 percent daily change. The further course of trading is shown by the continuously updated real-time quote of Elis stock.