Report
Bruno de La Rochebrochard

ORPEA: HY results (contact): Rather positive message | BUY | EUR132(+37%)

ORPEA - BUY | EUR132(+37%)
HY results (contact): Rather positive message

Results at the top of the consensus i.e. close to our estimate
A rather encouraging rapid recovery in occupancy rates…
… even if caution remains the order of the day
A development strategy that remains particularly dynamic
Underlying
Orpea SA

ORPEA is a dependency, physical and psychiatric care group based in France. Co. operates long-term and short-term care facilities, including medical care facilities, medical and social care facilities and residential facilities for the elderly. Co. provides short, medium and long-term global physical and mental dependency care. Co. also operates residential facilities for disabled people of any age, hotels, and hotel-related, as well as leisure accommodation facilities. Co. operates in France and abroad (Belgium, Italy, Spain and Switzerland) in three business segments: Long-term care facilities (nursing homes); Post-acute and Rehabilitation care facilities; and Psychiatric care facilities.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Bruno de La Rochebrochard

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