Orpea : Q1 in line - 2020 guidance temporarily suspended - slight erosion of 2020 forecasts - medium term remains solid - TP: € 95 vs € 100
>Q1 sales in line (+7.8% and +3.9% at constant scope and +4.6% excluding COVID-19) - Q1 sales stood at € 981m (+7.8% and +3.9% like-for-like and +4.6% excluding COVID-19).Moreover, similarly to its competitors, Orpéa announced 1/ the payment of a recognition bonus, 2/ the suspension of its guidance (the dividend was already suspended): on the one hand, certain activities were affected by COVID-19 (closure of 15 Austrian clinics: reopening planned for May / activi...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.
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.
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