Additional information for fiscal year 2022
Anticipated amount of asset impairment at December 31, 2022 raised to €5.0-5.4 billion before tax (without impact on the group’s cash position)
Value of real estate assets as of December 31, 2022 expected at 6.0-6.1 billion euros
By announcing its Refoundation Plan “ORPEA Changes with You and for You” on November 15, ORPEA is committed to changing its method vis-à-vis its stakeholders, its approach vis-à-vis the care and support, and the attention paid to its employees while restoring its financial balance. It is in this spirit of transparency that ORPEA’s new management continued its work of in-depth review of its assets in order to obtain a value adjusted to the new context of the company and to draw the consequences of past decisions. The Group knows that it can rely on the commitment and quality of the teams in the field to successfully pursue the ambition of the Refoundation Plan. On the basis of this work, the Group communicates today, ahead of the 2022 closing, the accounting implications of the adjustments considered as well as a new estimate of the value of its real estate assets.
To receive all of ORPEA’s financial information in real time, send a request by email to [email protected]. Your registration will be immediate.