Kepler upgrades Emeis to 'hold', says finances now in balance

Emeis SA

19/05/2026 09:58

** Kepler Cheuvreux upgrades Emeis EMEIS.PA  to "hold" from "reduce", citing a reassessment of the French nursing home operator's balance-sheet risk profile

** The broker says Emeis has stabilised its financial structure through nearly 1 billion euros ($1.2 billion) of disposals and refinancing, extending debt maturities beyond 2030

** The management has added operational efficiency measures, targeting overstaffing and central costs, but a recovery in profitability remains a challenge in an inflationary and regulated space, it adds

** "Occupancy recovery remains the key operational lever, particularly in France, where margins remain structurally below those of peers," Kepler says

** Out of seven analysts that cover Emeis, four rate the stock "strong buy" or "buy" and ​three "hold"  - LSEG data

($1 = 0.8596 euros)

(Reporting by Margaux Perrin and Leo Marchandon in Gdansk)

((margaux.perrin@thomsonreuters.com and leo.marchandon@thomsonreuters.com))