Earnings release
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Press release ORPEA GROUP H1 2021 : STRONG GROWTH AND MARKED INCREASE IN PROFITABILITY ■ REVENUE : + 8.7 % TO € 2,070 MILLION ■ EBITDAR MARGIN : +110 BPS TO 24.9 % NET PROFIT : + 40 % TO € 102 MILLION ( € 110 MILLION EXCL . IFRS 16 ] ORPEA , LEADING EUROPEAN HEALTHCARE REAL - ESTATE COMPANY REAL ESTATE PORTFOLIO : + € 463 MILLION TO € 7.4 BILLION CSR : AN AMBITIOUS 2023 ROADMAP 16 KEY PERFORMANCE INDICATORS 2021 GUIDANCE REITERATED REVENUE > € 4,215 MILLION [ + 7.5 % ) EBITDAR MARGIN : H2 2021 > H1 2021 REAL ESTATE DISPOSALS OF € 400 MILLION Puteaux , 21 September 2021 [ 6:00 pm CEST ] The ORPEA Group , a world leader in long - term care ( nursing homes , post - acute and rehabilitation hospitals , psychiatric hospitals , home care services ) , today announces its consolidated results for H1 20211 ( six months to 30 June ) , as approved by the Board of Directors on 21 September 2021 . Yves Le Masne , Chief Executive Officer of ORPEA , commented : " ORPEA posted a significant improvement in results during H1 2021. Net profit was up more than 40 % and our real estate portfolio increased by € 463 million , positioning the Group as the leading European healthcare real estate company with assets totalling € 7.4 billion . At the same time , we also pursued our development strategy with the creation of new facilities and sustained external growth , with six acquisitions representing almost 5,000 beds and € 210 million in future revenue , as well as a significant boost to profitability . In terms of organic growth , ORPEA enjoys a record growth pipeline of more than 26,000 beds under construction , of which more than 4,000 will have opened in 2021. These new facilities , in prime locations , will drive future organic growth . This strategy draws on highly ambitious 2023 CSR objectives that focus on the Group's five stakeholders - our residents , patients and families , employees , partners , local communities and the environment . At ORPEA , we believe that our sustainability commitments and financial performance are inextricably linked : creating the conditions for our employees to fulfil their career ambitions , building facilities that are authentic living spaces , constantly improving quality , and our resolute environmental commitment will together ensure the Group's long - term operational performance . " 1 Auditor's review in progress . 1/7