Clariane shares hit over half-year high on new mid-term targets

Clariane SE

21/05/2024 09:03

** Shares in Clariane  CLARI.PA  are up more than 12% after
the French care homes operator gave a new outlook for 2023-2026
    ** It sees organic sales growth of around 5% per year in
2023-2026; pre-IFRS16 EBITDA margin to rise by 100-150 bp by
2026
    ** "We view these mid-term ambitions positively, as they
exceed both the consensus and our expectations," says Yi Zhong,
an analyst at Alphavalue, in an e-mailed comment
    ** Earlier in the session, the shares rose as much as 23.4%
to 5.45 euros, their highest since late October

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))