Q3 and 9-month 2021 revenue
Audio-Webcast Conference - 28 October 2021
Q3 2021 - KEY HIGHLIGHTS
1
2
3
4
Sustainable growth momentum confirmed after Q2 2021 rebound
Regular increase in occupancy rate in line with improving health situation
Secured growth looking forward, based on activity development, greenfield and M&A pipeline
Continued roll-out of ESG roadmap
REVENUE
REPORTED GROWTH
ORGANIC GROWTH
€1,082m
+12.6%
+6.6%
NETWORK | 91,387 | PIPELINE |
(BEDS IN OPERATION | + 2,736 YTD | (#BEDS - BY 2025) |
30 SEPTEMBER 2021) | ||
O/W + 1,200 | O/W GREENFIELD | |
GREENFIELD | ||
OUTPATIENT CAPACITY | 80,000 | FY2021 GREENFIELD |
(SESSIONS PER MONTH) | + c.30% VS 2020 | TO BE DELIVERED |
14,500
11,500
1,800
2
REGULAR INCREASE IN OCCUPANCY RATE IN LINE WITH IMPROVING HEALTH SITUATION
A WELL PROTECTED NETWORK
1st and 2nd dose vaccination campaign
completed
3rd vaccination campaign rolled out to
34% of residents
Staff 92% vaccinated, including c.100%
in France
Very low infection level
11 facilities
with more than 4 active cases
OCCUPANCY RATES EVOLVING AS EXPECTED
Q1 | Q2 | Q3 | Oct. | |||
Back to
normalised
August activity
Stabilisation in September / beginning of October (short stays offset by new entries)
Clinics occupancy | Nursing Homes occupancy | |
3
SUSTAINABLE GROWTH MOMENTUM CONFIRMED AFTER Q2 2021 REBOUND
REVENUE GROWTH EVOLUTION
Reported growth | Organic growth | 16,5% | ||||||||||||
Last-12-month reported growth | Last-12-month organic growth | |||||||||||||
12,6% | ||||||||||||||
10,9% | 11,3% | |||||||||||||
7,6% | 8,1% | 8,2% | 8,4% | 8,3% | 8,0% | 8,1% | ||||||||
6,6% | ||||||||||||||
6,4% | 6,1% | |||||||||||||
5,5% | ||||||||||||||
5,6% | ||||||||||||||
4,7% | ||||||||||||||
4,4% | ||||||||||||||
3,8% | 3,8% | 3,8% | 3,8% | |||||||||||
3,3% | 3,7% | |||||||||||||
2,7% | 3,0% | 3,0% | ||||||||||||
1,0% | 1,4% | |||||||||||||
-1,6% | ||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 |
2018 | 2019 | 2020 | 2021 | |||||||||||
4 |
POSITIVE DYNAMICS IN OUR 3 ACTIVITIES
Q3 2021 HIGHLIGHTS BY ACTIVITY | YTD2021 REVENUE BREAKDOWN |
BY ACTIVITY | |
Q3 Revenue | Growth (%) | ||
€m | Reported | Organic | |
Long Term Care | 719.4 | 9.9% | 7.7% |
Healthcare | 243.9 | 24.5% | 4.4% |
Community Care | 119.0 | 7.8% | 4.5% |
Q3 2021 UNDERLYING ORGANIC GROWTH
+6.6% | +6.8% | 6.8% underlying | |
+1.2pts1 | organic growth | ||
-1.0pts | after | ||
Elimination of net | Elimination of | compensations | |
compensations | Italy August | and Italy August | |
impact | impact | decrease | |
(€21.6m in Q3 2021 vs | |||
€12.3m in Q3 2020) | (normative activity | ||
Reported Q3 21 | Underlying Q3 21 | in August) | |
org. growth | organic growth |
23%
66% | €3.2bn | |
YTD 2021 REVENUE | 11% | |
BREAKDOWN (%) |
BY ACTIVITY
Healthcare activities to reach |
30% by 2024 |
- Unusual drop in Italy Healthcare revenue due to abnormally high activity during Q3 2020 (c.€11m revenue difference versus usual Q3 yoy organic growth for this segment) 5
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Korian SA published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 15:52:06 UTC.