(AOF) – Ramsay (+0.99% to 20.50 euros) presented its provisional results at the end of June 2023. The private hospitalization group announces that its Ebitda has decreased by 5.6% over one year to reach 621 .4 million euros, “as a result of the 89 million euro reduction in subsidies, high inflation in wages and supply costs, combined with the shortage of staff”. Net income after tax group share amounted to 49.4 million euros, or 1.1% of sales, down more than half compared to the previous year (118 .4 million euros).
The group’s turnover, on the other hand, increased by 9.3% to reach 4.7 billion euros, “supported by growth in activity in all regions and by recent acquisitions in the Nordic countries”. Like-for-like revenue growth was 7.0%.
The net cash flow generated by the activity of 598.9 million euros (compared to 262.5 million euros last year) reflects the working capital management effort and the collection during the period of Covid subsidies already recognized the previous year.
Ramsay Santé emphasizes that it has continued its efforts to implement its “Yes We Care 2025” strategy, in addition to recurring investments in the maintenance, optimization and improvement of its sites: this translates into total capital expenditure for the year of €165.1 million net of proceeds from disposals and finance leases, slightly lower than last year.
Ramsay Santé recalls that it has become a company with a mission, placing access to care for all patients at the heart of its economic model, a decision which “reflects its firm desire to place the general interest at the heart of its actions at daily “.
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