Orpéa released its H1 16 results which came in slightly above market expectations. Revenues increased by 23% to €1,380.5m including a 5.7% organic contribution, while the EBITDAR reached €368.5m (+21.4%). Increasing its share of owned facilities, rents, depreciation and financial costs were affected. Because of the rent increase, EBITDA increased by a lower rate (+19.5%) to €220.5m, meanwhile, because of the depreciation & amortisation increase, EBIT increased by an
03 Oct 2016
Strong momentum confirmed in H1 16
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Strong momentum confirmed in H1 16
Orpea SA (ORP2:WBO) | 0 0 0.7% | Mkt Cap: 6,500m
- Published:
03 Oct 2016 -
Author:
Lionel Pellicer -
Pages:
3
Orpéa released its H1 16 results which came in slightly above market expectations. Revenues increased by 23% to €1,380.5m including a 5.7% organic contribution, while the EBITDAR reached €368.5m (+21.4%). Increasing its share of owned facilities, rents, depreciation and financial costs were affected. Because of the rent increase, EBITDA increased by a lower rate (+19.5%) to €220.5m, meanwhile, because of the depreciation & amortisation increase, EBIT increased by an