Korian: stock slips after FY results
(CercleFinance.com) - Korian's share fell progressively on Thursday morning in Paris, after the care home group published 2020 annual results that were pretty much in line with expectations.
On Wednesday evening it announced a 7.2% increase in revenues to 3.87 billion euros over the past year, with organic growth reaching 2%.
Its operating margin (Ebitda), excluding exceptional costs, was 13.6%, above the target of 12.9% that it had set to take account exceptional costs relating to Covid-19.
The group confirmed its previously announced financial targets for 2022, still expecting revenues in excess of 4.5 billion euros and an Ebitda margin of 15.5%.
In a reaction note, Oddo BHF analysts believe that the group is sending "rather good signals" and have increased their target price for the share from 27 euros to 34 euros.
In late morning trading on Thursday the share is down 1.4%, while the SBF120 index is up about 0.5%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
On Wednesday evening it announced a 7.2% increase in revenues to 3.87 billion euros over the past year, with organic growth reaching 2%.
Its operating margin (Ebitda), excluding exceptional costs, was 13.6%, above the target of 12.9% that it had set to take account exceptional costs relating to Covid-19.
The group confirmed its previously announced financial targets for 2022, still expecting revenues in excess of 4.5 billion euros and an Ebitda margin of 15.5%.
In a reaction note, Oddo BHF analysts believe that the group is sending "rather good signals" and have increased their target price for the share from 27 euros to 34 euros.
In late morning trading on Thursday the share is down 1.4%, while the SBF120 index is up about 0.5%.
Copyright (c) 2021 CercleFinance.com. All rights reserved.