Orpea expects FY core earnings of around 710 million euros

Emeis SA

06/11/2023 06:34

Nov 6 (Reuters) - French nursing care provider Orpea
 ORP.PA  said on Monday it expects full-year core earnings to
come at around 710 million euros ($760 million). 
    "The negative impact of the weaker-than-projected operating
performance is largely offset by precautionary measures
implemented such as reduced or postponed capital expenditure,
and by the receipt of proceeds from asset disposals," the
company said.
    Orpea said in early October it aims its full-year earnings
before interest, tax, depreciation, amortisation and rent costs
(EBITDAR) to be at the lower end of the 705 million to 750
million euros range announced in July.

    ($1 = 0.9315 euros)

 (Reporting by Michal Aleksandrowicz in Gdansk; Editing by
Nivedita Bhattacharjee)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))