Home services and “shared housing” solutions continued to develop, the group said in a press release.
The European number one retirement home Korian achieved a turnover of 1.0939 billion euros in the first quarter, up 7.4%, due in particular to the dynamic activity in its clinics, who found hispre-pandemic level“, he announced on Monday. Home services and solutionsof shared housingcontinued their development, the group said in a statement. On the other hand, the activity in nursing homes, after a “strong recovery” in the last quarter of 2021, experienced a “stabilizationdue to the Omicron variant of Covid-19, Korian said.
A 30% drop in its stock market value since January
Present in France, Germany, Benelux, Spain and the United Kingdom, the group has also strengthened its mental health activities in Italy, with the acquisition of the IHG group. It aims for organic growth above 4% in 2022. During the first quarter, the company launched its first “European-wide employee share plan», whose subscriptions will be effective in July. At the general meeting, scheduled for June 22, it will propose a dividend of 0.35 euros per share, compared to 0.30 in 2021 and 0.60 in 2019, including an option for payment in shares.
Read alsoEhpad: Korian in the crosshairs
The GM will also be an opportunity to modify the group’s statutes, which must become a European company, then in 2023 a “mission-driven company», in this case that of «ensure the well-being of the elderly and frail“. This change will imply that the group has a committee independent of the board of directors, which will have to ensure that the management of the company pursues this objective. In February, the management had evoked a situation complicated by the fact that “the Ehpad model is strongly questioned in France“since the release, at the end of January, of the book-investigation”The Gravediggers“. The book by investigative journalist Victor Castanet mainly targets the practices of Orpea, its main competitor, but Korian has also suffered the repercussions of this explosion, its share price having lost almost 30% of its value since January 24.
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