Orpea : Resilient Q2 2020 sales (-0.8%) and signs of an improvement in occupancy rates – small acquisition – Estimates unchanged – € 105 target maintained
>A resilient Q2 (-5.5% l-f-l) - decline limited to 0.9% l-f-l at end-June - Q2 revenues came in at € 923.2m, i.e. -0.8% (-5.5% l-f-l). The trend was particularly under pressure from total closures in Austria (eastern Europe cluster/-14% l-f-l), and a sharp slowdown in France (-3/-4%e l-f-l), in Germany (central Europe cluster / -4.7% l-f-l) and Spain – Iberian cluster: -14.5% l-f-l) as a result of the sudden halt to surgeries (lower rehab/post-acute admissions). Q2 or...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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