France's Emeis H1 revenue rises on higher average occupancy rates
France's Emeis H1 revenue rises on higher average occupancy rates
Overview
France healthcare services firm's H1 revenue rose 6% like-for-like, led by nursing homes and international growth
Operating margins improved, with EBITDAR up 18.1% and EBITDA up 46.3% yr/yr
Net loss narrowed to €40 mln, showing significant improvement from H1 2025
Outlook
Emeis raises 2026 EBITDAR growth guidance to 12%-14% on a like-for-like basis
Company confirms medium-term EBITDAR growth guidance of 12%-16% CAGR from 2024–2028
Emeis expects elevated capital expenditures in facilities and IT to continue in coming semesters
Result Drivers
OCCUPANCY RATES - Higher average occupancy rates across all regions, especially in nursing homes, contributed to revenue and margin growth
COST CONTROL - Effective management of operating and lease expenses supported margin improvement
PRICING AND NEW FACILITIES - Favorable price effects and the ramp-up of recently opened facilities supported like-for-like revenue growth
Company press release: ID:nBw1hFdtma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Net Loss |
| EUR 40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for Emeis SA is €16.60, about 19.3% above its July 29 closing price of €13.92
Reuters Recommended Reads
July 29 - France's Clariane H1 revenue rises 4.6% organically, EBITDA margin improves
July 27 - Ensign Group Q2 profit beats on higher occupancy rates
July 27 - Welltower raises 2026 FFO forecast on senior housing demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)