(AOF) – Ramsay Santé announces that its net profit after tax, group share at the end of June 2023 stood at 49.4 million euros, or 1.1% of turnover, a decline of more than half compared to the previous year, “due to the contraction in operating profit and the increase in the cost of debt”. The private hospitalization group specifies that its turnover 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.
The net cash flow generated by the activity of 598.9 million euros compared to 262.5 million euros last year “reflects the effort of managing working capital and collection during the period of Covid subsidies already recognized the previous year”, we learn.
“The growth in turnover of 9.3% was mainly organic, the operating margin – EBITDA – fell to 13.2% compared to 15.3% last year, in a context of high inflation , reduction in subsidies and despite cost control measures”, underlines Pascal Roché, general director of Ramsay Santé.
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