Report
Christophe-Raphaël Ganet

Clariane : 2023 net profit in line with expectations excl. one-offs, balance sheet situation at the heart of Clariane's profile

>Figures in line with estimates, net profit hurt by one-offs, no dividend - Revenues were up 11.4% (+8.4% organically) to € 5,047m. EBITDA came in at € 1,021m, up 1.8%; net profit hit by a loss: -€ 49m (vs. +€ 67m), impacted by higher financing costs (financial expenses: € 239m, i.e. >20% of EBITDA) and asset impairments linked to disposals in the UK and Netherlands, and miscellaneous write-downs (Italy and Spain) worth -€ 60m. Operating CF fell significantly to € 19...
Underlying
Korian SA

Korian is an actor on the temporary and permanent dependency care market in France, Germany and Italy. Co. offers and develops services related to dependency through its retirement homes (116 as of Dec 31 2009), follow-up care and rehabilitation facilities (35 as of Dec 31 2009) and psychiatric clinics (11 as of Dec 31 2009). Co.'s operations can be divided into four geographical segments: Medical and Social activity in France (retirement homes); Sanitary activity in France (follow-up care, rehabilitation, psychiatry and home medical care); Italy; and Germany.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Christophe-Raphaël Ganet

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