- FIRM ORGANIC GROWTH OF 4.7%
DEVELOPMENT OF POST-ACUTE AND REHABILITATION HOSPITALS IN
2019 REVENUE TARGET OF OVER €3,700 MILLION REITERATED
Solid Q1 2019 revenue growth of 9.4%
|(€ m)||Q1 2019||Q1 2018||% Chg.|
Dates of consolidation: the disposals announced in
Q1 2019 revenue came to €909.9 million, up 9.4%. Half of the growth was organic and half came from acquisitions notably in
The 4.7% organic growth was driven by our key success factors:
- consistently high occupancy rates across the network
- the ramp-up in facilities opened over the past two years, mostly located in high purchasing power cities
- the addition of 500 beds over the quarter, predominantly in
Eastern Europeand Central Europe.
Under this agreement, an initial project has been agreed with the Russian government and
The Russian government is willing to set up a leading contender in this still developing industry. Its goal is to jointly establish a network of post-acute and rehabilitation hospitals across the country to help Russian patients recover and return to work and/or living at home.
“Our growth accelerated during the first quarter of 2019, lifting our revenue 9.4% to €910 million. This strong performance is supported by the two core pillars of our strategy: a strong organic growth of 4.7% and the contribution of selective acquisitions.
Furthermore, in line with our strategy of international expansion, the partnership with the sovereign fund RDIF and
Following a dynamic first-quarter, we are confidently reiterating our guidance of over €3,700 million in revenue (+8.2%) and solid profitability.”
Next press release: H1 2019 revenue
Founded in 1989,
- France-Benelux: 484 facilities / 42,625 beds (of which 4,514 under construction)
Central Europe: 238 facilities / 25,419 beds (of which 4,389 under construction)
Eastern Europe: 125 facilities / 12,917 beds (of which 2,817 under construction)
- Iberian peninsula / Latam: 102 facilities / 15,476 beds (of which 5,668 under construction)
- Other countries: 1 facility / 140 beds
1 Organic growth reflects the following factors: 1. The year-on-year change in the revenue of existing facilities as a result of changes in their occupancy rates and per diem rate 2. The year-on-year change in the revenue of redeveloped facilities or those where capacity has been increased in the current or year-earlier period 3. Revenue generated in the current period by facilities created in the current or year-earlier period, and the change in revenue at recently acquired facilities by comparison with the previous equivalent period.
Tel.: +33 (0)1 44 71 94 94
Priscille David Reneaume
Tel.: +33 (0)1 53 70 74 61