Korian: improves EBITDA margin in 2019
(CercleFinance.com) - Korian has published 2019 net income, group share that is up 10.
4% at 136 million euros, with a 50-bp increase in its EBITDA margin to 14.8%, thanks to the development of its business mix and its asset smart real estate strategy.
The care home operator's revenues rose 8.3% to 3,612 million euros, including organic growth of 3.8%, hence benefiting from both the contribution from its historic businesses and the diversification that is underway.
The group will pay a dividend of 0.66 euro per share for 2019, up 10%, with the option of receiving payment in shares, to be proposed at its AGM this year. For 2020, Korian targets around 9% sales growth, with an EBITDA margin of over 15%.
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