Brief: Emeis H1 Posts 9.2% Growth In Revenue At EUR 2.78 bln

Emeis SA

26/07/2024 17:53

July 26 (Reuters) - Emeis SA  EMEIS.PA :
    * H1 GROWTH IN REVENUE IN FIRST-HALF 2024: €2,772 MILLION
(UP
9.2%)
    * H1 AVERAGE GROUP OCCUPANCY RATE1  IMPROVED VERSUS. H1 2023
TO
85.3
    * OCCUPANCY RATE FOR NURSING HOMES IN FRANCE INCREASED  TO
83.1%
IN Q2 2024, UP 0.5 POINT VERSUS. Q2 2023
    * H1 2024 EBITDAR AT THE H1 2023 LEVEL, BETWEEN €330 MILLION
AND
€340 MILLION
    * OUTLOOK: 2024 EBITDAR GROWTH OUTLOOK REVISED DOWNWARDS
    * REVISES 2024 EBITDAR GROWTH RANGE TO BETWEEN 0% AND +5%
VERSUS.
FY2023, I.E. A LEVEL OF BETWEEN  €700M AND €730M (VERSUS €800M
TO €835M PREVIOUSLY)
    * AROUND €670 MILLION IN GROSS PROCEEDS FROM REAL  ESTATE
DISPOSALS SHOULD BE COMPLETED BY END-2024
    * MORE SIGNIFICANT  DISPOSALS OF OPERATING ASSETS (INCLUDING
THE
SALE OF OPERATIONS) COULD BE ENVISAGED, WHICH WOULD IMPROVE THE
GROUP'S  CASH POSITION BETWEEN LATE 2024 AND EARLY 2025

Further company coverage:  EMEIS.PA 

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 ((gdansknewsroom@thomsonreuters.com; + 48 58 7785110;))