Orpea: confirms FY 2018 sales target
(CercleFinance.com) - Orpea's 9m sales came in at 2,545 million euros, up 9.
6% y-o-y. Q3 2018 sales are up 8.5% at 865 million euros.
Management said that "Organic growth of 5.1% remained strong across all our geographical regions thanks to the quality and positioning of the existing facilities, the ramp-up in facilities opened over the past two years and the addition of more than 2,100 new beds in 7 different countries since the beginning of 2018."
The group also announced the acquisition of the establishments of the German group Axion to strengthen its position on the premium retirement housing sector in Germany.
"ORPEA is reiterating its revenue target of over E3,400 million for 2018, and now, a higher EBITDA margin than in 2017."
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6% y-o-y. Q3 2018 sales are up 8.5% at 865 million euros.
Management said that "Organic growth of 5.1% remained strong across all our geographical regions thanks to the quality and positioning of the existing facilities, the ramp-up in facilities opened over the past two years and the addition of more than 2,100 new beds in 7 different countries since the beginning of 2018."
The group also announced the acquisition of the establishments of the German group Axion to strengthen its position on the premium retirement housing sector in Germany.
"ORPEA is reiterating its revenue target of over E3,400 million for 2018, and now, a higher EBITDA margin than in 2017."
Copyright (c) 2018 CercleFinance.com. All rights reserved.