Orpea: confirms 2019 sales target
(CercleFinance.com) - Q1 2019 sales reached 909.
9 million euros 2019, up 9.4%. This increase results from 50% organic growth and 50% from contributions made by acquisitions, particularly in Germany, the Netherlands and Spain.
Organic growth of +4.7% over the quarter is thanks to high occupancy rates that are fairly stable across the network, improvements in establishments that have been open over the past two years and the opening of 500 beds in this quarter, most of which are in central and Eastern Europe.
"Following a dynamic first-quarter, we are confidently reiterating our guidance of over E3,700 million in revenue (+8.2%) and solid profitability." said Yves Le Masne, group CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
9 million euros 2019, up 9.4%. This increase results from 50% organic growth and 50% from contributions made by acquisitions, particularly in Germany, the Netherlands and Spain.
Organic growth of +4.7% over the quarter is thanks to high occupancy rates that are fairly stable across the network, improvements in establishments that have been open over the past two years and the opening of 500 beds in this quarter, most of which are in central and Eastern Europe.
"Following a dynamic first-quarter, we are confidently reiterating our guidance of over E3,700 million in revenue (+8.2%) and solid profitability." said Yves Le Masne, group CEO.
Copyright (c) 2019 CercleFinance.com. All rights reserved.