Korian: solid growth in FY 2018 turnover
(CercleFinance.com) - On Tuesday evening nursing homes group Korian announced FY 2018 sales of 3,336 billion euros, up 6.
4% as reported and up 3% in organic terms, performance that exceeded the group's targets.
In detail, sales in France rose 3.9% to 1.644 billion euros. Organic growth came in at 2.7%. Internationally, FY revenue improved significantly, reaching 1.692 billion euros, with a 9% rise (+3.3% in organic terms). This division represents over 50% of the Group's total revenues.
Given dynamic growth seen over the year and well controlled operating costs, its 2018 EBITDA margin is expected to reach 14.3%, above its target of 14%. The group expects a further acceleration in turnover in 2019, particularly thanks to contributions made by acquisitions made at the end of 2018 and the start of 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
4% as reported and up 3% in organic terms, performance that exceeded the group's targets.
In detail, sales in France rose 3.9% to 1.644 billion euros. Organic growth came in at 2.7%. Internationally, FY revenue improved significantly, reaching 1.692 billion euros, with a 9% rise (+3.3% in organic terms). This division represents over 50% of the Group's total revenues.
Given dynamic growth seen over the year and well controlled operating costs, its 2018 EBITDA margin is expected to reach 14.3%, above its target of 14%. The group expects a further acceleration in turnover in 2019, particularly thanks to contributions made by acquisitions made at the end of 2018 and the start of 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.