Earnings release
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Press release ORPEA GROUP ■ FURTHER VERY STRONG GROWTH IN ACTIVITY IN Q3 2021 REVENUE : + 10.8 % TO € 1,110 MILLION ■ SOLID ORGANIC GROWTH OF + 5.7 % ACCELERATION IN FACILITY OPENINGS WITH MORE THAN 1,000 NEW BEDS OVER THE QUARTER 2021 REVENUE GROWTH GUIDANCE INCREASED TO + 9 % VS. 2020 , FROM + 7.5 % PREVIOUSLY ■ 2021 REVENUE > € 4,275 MILLION STRONGER - THAN - EXPECTED ORGANIC GROWTH Puteaux , 3 November 2021 ( 5:45 pm CET ] The ORPEA Group , a world leader in long - term care ( nursing homes , assisted living , post - acute and rehabilitation hospitals , mental health hospitals , home care services ) , today announces its revenue for the third quarter of 2021 to 30 September and increases its 2021 revenue guidance . Yves Le Masne , Chief Executive Officer of ORPEA , commented : " ORPEA has recorded very strong third - quarter growth , with revenue increasing by 10.8 % and solid and better - than - expected organic growth of 5.7 % . This performance is the result of excellent momentum in all geographical regions in terms of occupancy rates in nursing homes , rehabilitation hospitals and mental health hospitals . As well as the general increase in occupancy rates , this performance is also the result of ORPEA's operating model : - - quality : a demanding care and services offer , meeting the expectations of stakeholders ; premiumisation of facilities , notably regarding the most recent openings , with close to 2,500 new beds since the start of the year ; geographical diversity : activity is up across all geographical regions , notably with double - digit growth rates in France Benelux and Central Europe ; the day - to - day commitment of all its teams . On the back of these achievements , ORPEA is in a position to raise its 2021 annual revenue guidance : growth is now expected to exceed 9 % with revenue of over € 4,275 million . This substantial increase of 3 percentage points compared with the initial target announced in March 2021 is primarily a result of the ramping up of the Group's organic growth throughout the year . " 1/4