(Boursier.com) — Sharply rising at the opening, Orpea returns close to balance after its quarterly update and the announcement of the postponement of its medium-term objectives by one year. The specialist in caring for dependents has indicated that, beyond 2023, he is counting on a gradual increase in the occupancy rate of retirement homes in France and a gradual attenuation of the effects of the inflation, on an EBITDAR of E1.2 billion in 2026, compared to 2025 initially targeted.
Over the three months ended at the end of September, the firm reported a turnover of 1.313 billion euros, up +11.1% year-on-year, including +10.2% organically. The Group’s overall level of activity is increasing with an average occupancy rate of 83.8% in the 3rd quarter, up +1.8 points. The dynamic of activity was positive internationally and within the scope of clinics in France. Over the first 9 months of the year, consolidated turnover amounted to €3.852 billion, up +10.8%.
Over the entire 2023 financial year, management now anticipates a turnover of around €5.2 billion for a Group occupancy rate of 84% (compared to 81.6% in 2022). EBITDAR would stand at around EUR710 million, i.e. a level located at the bottom of the range of EUR705 million to EUR750 million communicated on July 13.
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