(AOF) – Clariane (+12.32% to 4.96 euros) posts the strongest increase in the SRD market as the group today presents its strategic plan for the period 2023-2026. The retirement home group’s stock has risen around 45% over the past week, bringing its year-to-date gains to more than 100%. The stock has benefited since Friday from the arrival of the investment company HLD Europe as a new reference shareholder alongside Crédit Agricole Assurances as part of the plan to strengthen its financial structure.
Clariane will thus launch several capital increase operations of approximately 328 million euros.
Clariane shares fell sharply at the end of the year after warning that its financial leverage would be higher than expected in 2023. The company then unveiled a plan to strengthen its financial structure, including a capital increase project.
As part of the presentation of its new strategy, the company indicated that it was targeting financial leverage of less than 3 from the end of 2025 with an LTV of 55% for real estate debt. The leverage ratio stood at 3.8 at the end of 2023 and the LTV stood at 61%.
Over the period 2023-2026, the group now anticipates average annual organic growth in its turnover of around 5%, “supported in particular by a progressive and regular increase in its occupancy rates, and its volumes of activity, particularly ambulatory, and the current price catch-up, particularly in Germany.
Clariane is also aiming for an improvement of 100 to 150 basis points in its Ebitda margin, pre-IFRS16, “supported mainly by the growth in its turnover as well as by targeted improvement measures relating to its structure of central costs, on rent expenses and on energy expenses”.
At the same time, it has set 2026 objectives in terms of ESG, including more than 7,000 employees engaged in a diploma course through Clariane University and a frequency rate of workplace accidents with lost time reduced to 29.
“After approval by the combined general meeting of June 10 of the terms of execution of the capital increase provided for in our plan to strengthen our financial structure, we will be able to open a new chapter, with the support of our shareholders (… )” declared Sophie Boissard, administrator and general manager of the group.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
