Q3 revenue came in at €865m (+8.5% yoy), slightly above consensus expectations (€860m, +7.9% yoy). Orpea has announced the acquisition of German Axion Group and the JV (75% owned by Orpea) to build up its presence in the German upscale nursing homes segment. Orpea confirmed its FY top-line guidance (over €3.4bn, total growth of +8.3%) and upgraded its EBITDA margin from “higher or equal to its 2017 level” to “higher than in 2017”.
06 Nov 2018
Entering the premium nursing homes market
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Entering the premium nursing homes market
Q3 revenue came in at €865m (+8.5% yoy), slightly above consensus expectations (€860m, +7.9% yoy). Orpea has announced the acquisition of German Axion Group and the JV (75% owned by Orpea) to build up its presence in the German upscale nursing homes segment. Orpea confirmed its FY top-line guidance (over €3.4bn, total growth of +8.3%) and upgraded its EBITDA margin from “higher or equal to its 2017 level” to “higher than in 2017”.