Korian: Revenues up 10.3% During the Third Quarter of 2009
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http://www.businesswire.com/news/home/20091109006376/en
PARIS--(Business Wire)--
Regulatory News:
Korian (Paris:KORI):
Korian, the European comprehensive dependency care market leader, recorded
€212.0 million in revenues over the third quarter of 2009, up 10.3% compared
with the same period in 2008. This performance confirms the robust level of
business in France, with Italy and Germany continuing to develop strongly.
€`000,000 Quarterly* 9 months*
Q3 2009 Q3 2008 Δ Q3 09/08 2009 2008 Δ 09/08
France 156.3 147.6 5.9% 466.4 442.6 5.4%
% of total revenues 74% 77% 74% 78%
Nursing homes 99.7 93.3 6.8% 299.0 278.6 7.3%
Healthcare 56.6 54.3 4.3% 167.4 164.0 2.1%
Italy 29.6 21.9 35.0% 86.4 63.1 36.9%
% of total revenues 14% 11% 14% 11%
Germany 26.1 22.6 15.4% 73.6 65.1 13.1%
% of total revenues 12% 12% 12% 11%
Group total 212.0 192.1 10.3% 626.4 570.8 9.7%
* unaudited figures
The Group is continuing to develop its business at a sustained rate, with
revenues climbing 10.3% over the third quarter, underpinned by organic growth of
10.6%.
In France, Korian is focusing on its strategy to ensure the more consistent
development of its activities by setting up and strengthening local networks
that are effectively integrated into the health sectors. In this way, the Group
is continuing to roll out its targeted investment plan on strong value-added
projects, particularly those linked to the creation of new beds. Also within
this framework, Korian has sold off four facilities during the second half of
the year.
In both Italy and Germany, Korian is able to confirm that its roadmap is moving
ahead well. Its two platforms are continuing to ramp up, while increasing their
profitability.
As Rose-Marie Van Lerberghe, Chairman of Korian`s Executive Board, confirms:
"Within this favourable context, Korian aims to achieve at least €840 million in
revenues for 2009. We are also looking at with attention to external growth
opportunities in France and Italy".
Next announcement: 2009 annual revenues before start of trading on 11 February
2010
About KORIAN: the Korian Group, founded in 2001, is the European temporary and
permanent comprehensive dependent care market leader. A private group employing
over 14,000 people, Korian has a broad portfolio of activities that dovetail
effectively with one another in France, Italy and Germany.
At 30 June 2009, Korian`s 214 facilities represented a combined total of 19,886
beds in operation:
In France: 117 nursing homes, 35 follow-up care and rehabilitation clinics
(SSR), and 12 psychiatric clinics for a total of 13,768 beds
In Europe: 19 facilities in Italy with a total of 2,495 beds and 31 facilities
in Germany for a total of 3,633 beds in operation.
Korian has authorisations to open a further 2,000 new beds in the three
countries where it operates.
The company has been listed on Euronext Paris Eurolist Compartment B since
November 2006.
For more information, please visit our website:www.groupe-korian.com
Korian - 32, rue Guersant - 75 017 Paris - France - Tel: + 33 1 55 37 52 00 -
Fax: + 33 1 55 37 52 01
Korian
Investors:
Alexis Jungels, + 33 1 55 37 52 25
F: + 33 1 55 37 52 66
a.jungels@groupe-korian.com
or
Press:
Francis Weill, + 33 1 55 37 52 15
F: + 33 1 55 37 52 16
f.weill@groupe-korian.com
Copyright Business Wire 2009
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