Clariane I 2025 first-quarter revenue

Core Insights - The company reported consolidated revenue of €1,317 million for the first quarter of 2025, reflecting a reported growth of 0.7% and an organic growth of 4.8% compared to the previous year [10][6][1] - The average occupancy rate in long-term care nursing homes improved to 90.4% in the first quarter of 2025, up from 89.6% in the same period of 2024 [2][6][18] - The company is on track with its disposal program, having completed or secured over 60% of its target to generate €1 billion in proceeds by the end of 2025 [3][32][31] Revenue Analysis - Revenue growth was driven by various factors, including higher business volumes, price increases, and new facility openings, despite the negative impact of disposals [12][10][27] - The Long-Term Care segment generated €826 million in revenue, representing a reported growth of 3.0% and organic growth of 5.6% [27][28] - The Specialty Care segment saw revenue of €327 million, with organic growth of 1.4%, affected by disposals [29][30] Geographical Performance - In Germany, revenue increased by 6.6% on a reported basis and 8.0% organically, driven by steady growth in business volumes and price adjustments [15] - The Belgium/Netherlands region experienced a revenue rise of 7.7% reported and 7.8% organically [16] - Spain's revenue totaled €64 million, reflecting a reported decline of 15.9% due to disposals but an organic growth of 5.1% [21][22] Business Segment Performance - The Long-Term Care segment accounted for 62.7% of the Group's business activity, with significant contributions to revenue growth from improved occupancy rates and price increases [27][28] - The Community Care segment achieved organic growth of 7.8%, driven by strong demand for services [30] - The Specialty Care segment's revenue was impacted by disposals, resulting in a slight decline on a reported basis [29] Financial Position and Outlook - The company aims to maintain a Wholeco leverage ratio of less than 5.5x by the end of 2025, with a focus on improving cash flow generation and controlling debt levels [38][36] - The Group's EBITDA is expected to grow by 6% to 9% pre-IFRS 16 and excluding disposals, supported by organic revenue growth of around 5% [36][38] - The company is committed to completing its disposal program and enhancing its operational performance while maintaining high-quality standards [36][31]