Brief: Orpea H1 Revenue Up At 2.54 Billion Euros

Emeis SA

26/07/2023 17:17

July 26 (Reuters) - Orpea SA  ORP.PA :
    * ORPEA REVENUE FOR THE FIRST HALF OF 2023: €2,539 M, UP
+10.7%
DESPITE A LOWER-THAN-EXPECTED OCCUPANCY RATE FOR RETIREMENT
HOMES IN FRANCE
    * OVERALL, SALES FOR FIRST HALF OF 2023 TOTALED EUR 2,539
MILLION
    * REVENUES REACHED EUR 1,305 MILLION IN 2(ND) QUARTER OF
2023, A
YEAR-ON-YEAR INCREASE OF +11.1%, INCLUDING ORGANIC GROWTH OF
+8.8%
    * GROUP'S CASH POSITION AT JUNE 30, 2023 IS ESTIMATED AT EUR
527
MILLION
    * OCCUPANCY RATES OF RETIREMENT HOMES IN FRANCE REMAINED
BELOW
EXPECTATIONS
    * OCCUPANCY IN FRANCE: 2ND QUARTER OF 2023 CONFIRMED TREND
OBSERVED IN 1ST QUARTER OF 2023, WITH GROWTH OF +11.1% IN

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