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ORPEA Earnings Release 2009

Oct 27, 2009

1578_10-q_2009-10-27_2f72ab5c-8212-4689-b9de-14bf958b673b.pdf

Earnings Release

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PRESS RELEASE

Strong increase in Q3 2009 sales: +20.3% to €217.9m

Buoyant organic growth of +12.1%

Puteaux, 27th October 2009

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."

Next Press Release: Full-year 2009 sales Tuesday 9th February 2010 before market opening

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