Earnings Release • Oct 27, 2009
Earnings Release
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ORPEA, a leading player in Long-Term Care (nursing homes), Post-Acute Care and Psychiatric Care, today announced its sales for the 3rd quarter ended 30th September 2009.
| In €m IFRS |
Quarterly | 9 months | ||||
|---|---|---|---|---|---|---|
| Q3 2009 | Q3 2008 | Δ | 2009 | 2008 | Δ | |
| France | 190.0 | 156.5 | +21.4% | 542.7 | 450.6 | +20.4% |
| % of total sales | 87% | 86% | 87% | 88% | ||
| International | 28.0 | 24.6 | +13.7% | 78.3 | 60.7 | +29.0% |
| % of total sales | 13% | 14% | 13% | 12% | ||
| Belgium | 12.4 | 11.0 | 36.0 | 24.0 | ||
| Spain | 7.4 | 7.0 | 21.4 | 19.9 | ||
| Italy | 5.7 | 4.5 | 13.7 | 10.9 | ||
| Switzerland | 2.6 | 2.0 | 7.4 | 5.9 | ||
| Total sales | 217.9 | 181.1 | +20.3% | 621.1 | 511.3 | +21.5% |
| Organic growth | +12.1% | +11.2% |
Yves Le Masne, Deputy CEO, commented: "Third-quarter activity, up +20%, reaffirms the momentum that has been ORPEA's for almost 10 years now, with continuing buoyant, healthy and lasting growth. Organic growth, up 12.1%, even accelerated compared to the first half of the year.
The Group is fully confident that it will meet its targets: 2009 annual sales of €840m, 2011 sales of significantly over a billion euros and further solid profitability.
Following the optimisation of the Group's financial profile in recent months through the €217m OBSAAR bond issue and the €62.4m capital increase, ORPEA will pursue its development strategy, notably seizing strategic acquisition opportunities that arise, in order to further strengthen its position as a selective consolidator of the Care sector. Actively participating in a useful need for the community whilst creating value is, day in day out, a motivating action for all of the Group's teams."
About ORPEA (www.orpea.com): Listed on Euronext Paris since April 2002 and recently promoted to the Deferred Settlement Service, the ORPEA group is a leading player in the Long-Term Care and Post-Acute Care sectors. As of September 2009, the Group has a unique European network of healthcare facilities, with 26,526 beds (21,565 of them operational) across 284 sites, including:
21,585 beds in France: 17,619 operational (including 3,021 being renovated) + 3,966 under construction, spread across 238 sites.
4,941 beds in Europe (Spain, Belgium, Italy and Switzerland): 3,946 operational (including 508 being renovated) + 995 under construction, spread across 46 sites.
Listed on Euronext Paris Compartment B of NYSE Euronext - ISIN: FR0000184798 Member of the SBF 120 index and SRD Reuters: ORP.PA - Bloomberg: ORP FP
Investor Relations
NewCap. ORPEA Emmanuel Huynh/Steve Grobet Yves Le Masne Tel: +33 (0)1 44 71 94 94 Deputy CEO [email protected] Tel: +33 (0)1 47 75 78 07
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