The ORPEA Group: Message from Philippe Charrier, Chairman and CEO, to Residents, Patients, Their Families and to Employees
Launch of Administrative inspections and independent external evaluation missions
2021 activity in line with objectives
-
Q4 2021 revenue at
€1,105 million -
2021 revenue at
€4,285 million
PUTEAUX,
“Having read the serious allegations contained in the book published on
In carrying out this mission, the requirement for quality has always been an essential and paramount dimension. This requirement is at the heart of
The objective that guides each of my decisions is to ensure, under the control of the Board of Directors and relying in particular on the independent external evaluation assignments that have already begun, that best practices are applied and monitored throughout the company.
Launch of administrative inspections and independent external evaluation missions
The government has ordered two investigations, one by the General Inspectorate of Social Affairs (Igas) and the other by the General Inspectorate of Finance (Igf), whose final report is expected mid-March, based on the public information available to date.
For its part,
The complementarity of these two internationally renowned firms guarantees the effectiveness and comprehensiveness of the assessment. Both firms will have access to all the information of
2021 activity in line with objectives
In €m |
|
Quarterly |
|||
|
Q4 2021 |
Q4 2020 |
Total change |
Organic growth1 |
|
France Benelux |
|
669.7 |
625.1 |
+ |
+ |
|
|
287.5 |
254.1 |
+ |
+ |
|
|
102.1 |
95.6 |
+ |
+ |
|
|
45.2 |
40.7 |
+ |
+ |
Other countries |
|
0.9 |
0.8 |
NS |
NS |
Total revenue |
|
1,105.4 |
1,016.3 |
+ |
+ |
Composition of the geographical regions: France Benelux (
In 2021, revenue benefited from the gradual recovery in occupancy rates, driven primarily by the Covid-19 vaccination campaign as well as the engagement of
In €m |
|
12 months (to 31.12.2021) |
|||
|
2021 |
2020 |
Total change |
Organic growth |
|
France Benelux |
|
2,629.1 |
2,363.9 |
+ |
+ |
|
|
1,086.3 |
1,010.7 |
+ |
+ |
|
|
395.5 |
365.6 |
+ |
+ |
|
|
170.7 |
179.0 |
- |
- |
Other countries |
|
3.2 |
3.2 |
NA |
NA |
Total revenue |
|
4,284.8 |
3,922.4 |
+ |
+ |
Composition of the geographical regions: France Benelux (
Activity to date
The Group is showing solid momentum at the beginning of 2022. Despite the health context, clinics have seen a rapid recovery in activity following the end-of-year holidays. Occupancy rates in nursing homes are up slightly compared to the fourth quarter of 2021, particularly in French “EHPADs”, which account for less than
Communication
The company will continue to ensure that all shareholders are fully informed of the forthcoming actions to be undertaken, in full transparency and in compliance with stock market regulations. With respect to shareholders and investors the company will favor, in the coming period, public communication over any other form of communication.
2022 financial calendar
The following dates are indicative and subject to change. Press releases will be published after the market closes.
Event |
Date |
Full-year 2021 results |
Tuesday |
First-quarter 2022 revenue |
Tuesday |
About
Founded in 1989,
- France Benelux: 586 facilities / 49,207 beds (5,672 of which are under construction)
-
Central Europe : 268 facilities / 28,419 beds (5,828 of which are under construction) -
Eastern Europe : 142 facilities / 15,255 beds (4,101 of which are under construction) -
Iberian Peninsula and Latam: 158 facilities / 23,108 beds (10,373 of which are under construction) - Rest of the world: 2 facilities / 525 beds (385 of which are under construction)
1 Organic growth of Group revenue reflects the following factors: 1. The year-on-year change in the revenue of existing facilities as a result of changes in their occupancy rates and per diem rates; 2. The year-on-year change in the revenue of redeveloped facilities or those where capacity has been increased in the current or year-earlier period; 3. Revenue generated in the current period by facilities created during the year or year-earlier period, and the change in revenue of recently acquired facilities by comparison with the previous equivalent period.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220208006025/en/
Investor Relations
EVP Communication and Investor Relations
s.grobet@orpea.net
Investor Relations Director
b.lesieur@orpea.net
Investor Relations
NewCap
Dusan Oresansky
Tel.: +33 (0)1 44 71 94 94
orpea@newcap.eu
Media Relations
Image 7
Tel.: +33 (0)6 89 87 61 37
lheilbronn@image7.fr
Tel.: +33 (0)6 78 37 27 60
clebarbier@image7.fr
Source: