Ramsay Générale de Santé in the red in the second half

(AOF) – Ramsay Générale de Santé publishes a net loss after tax, group share, of 17.3 million euros for the six months ended December 31, 2023, compared to a net profit of 43.9 million euros for the previous period. The private hospitalization group cites “the decline in operating income and the increase in the cost of debt”. The group’s EBITDA decreased by 9.0% to €284.6 million. It shows a turnover up 7.3% to 2.4 billion euros “supported by growth in activity in all regions and by recent acquisitions”.

Ramsay attributes the decline in Ebitda to lower subsidies, “the increased gap between tariff increases and inflation in its cost base”, “combined with constraints linked to staff shortages”.

“We have the ambition of financial performance through social utility,” declares Pascal Roché, general manager of Ramsay Santé. “This has led the group to pursue its strategy of developing access to care everywhere and for everyone by accelerating its offer of services adjacent to the hospital and improving the accessibility of care (primary care, imaging, care consultations specialists, home care). As a result, the group’s turnover increased by 7.3%.

Before adding: “This increase in turnover was unfortunately offset by the significant gap between the still high inflation of our cost base and the rate increases, which resulted in a 9% drop in revenue. ‘EBITDA during the half-year’.

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