ORPEA Société Anonyme announced sales results for the first quarter ended March 31, 2013. For the quarter, the company reported tTotal sales of EUR 384.5 million against EUR 336.5 million a year ago. The group to reiterate its targets for 2013 with considerable confidence: sales growth of 12% (EUR 1,600 million), growth in profit and cash flow, control of debt and all of this against a background of selective growth.

ORPEA Société Anonyme reported consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenues of EUR 1,429.1 million against EUR 1,234.1 million a year ago. EBITDAR was EUR 368.5 million against EUR 311.4 million a year ago. EBITDA was EUR 256.3 million against EUR 218.2 million a year ago. Recurring operating profit was EUR 193.7 million against EUR 163.2 million a year ago. Operating profit was EUR 222.2 million against EUR 190.0 million a year ago. Profit before tax was EUR 149.4 million against EUR 125.0 million a year ago. Attributable net profit was EUR 97.0 million against EUR 80.3 million a year ago. Revenues rose by 15.8% on the back of brisk organic growth (8.2%) and the contribution made by acquisitions, especially in international markets. Recurring operating profit performance was driven predominantly by the ramp-up in mature facilities, which produced higher margins than those of beds under development: mature beds now account for 79% of the total for the network, up from 65% at year-end 2011. Operating profit reflected a non-recurring gain after tax of EUR 28.5 million, compared with EUR 26.8 million in 2011 owing in particular to real estate disposals. Attributable net profit represents an increase of 20.8%, in spite of the unfavourable impact of the increased tax burden from 2012 (over EUR 6 million). Net debt stood at EUR 1,802 million, almost stable compared with its level at June 30, 2012. It is still mainly property-related (85%), secured by high-quality assets that are not very volatile. The board of the company at the Annual General Meeting will propose paying out a dividend of EUR 0.60 per share for the financial year 2012, compared with EUR 0.50 in the previous financial year. This dividend would represent a payout ratio of 33% of attributable net profit.

ORPEA Société Anonyme announced that they will report Q1, 2013 results on Apr 30, 2013