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Orpéa: stock collapses despite H1 sales up 10.9%

( - Orpéa has released preliminary financial indicators for its H1 accounts.

Revenues are up 10.9% at 2,295 million euros, while its EBITDAR margin fell to 18.5%.

Business remains sustained by the pace of new bed openings and a gradual improvement in business.

In short the company took the first step over the summer for the implementation of its three short-term priorities: i.e. safety and working conditions for employees; quality of care and support for residents and families; and ethical and responsibility principles, i.e. a transformation of the company to ensure transparency with all stakeholders.

Far from convincing, however - the share is in a spin, down 18% in the first hour of trading in Paris.

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