Orpea: activity and occupancy rates up in 2023
The Group's business activity is on the rise, with an average occupancy rate of 84% in Q4 2023, up +1.9 points on Q4 2022.
For the full year, consolidated sales amount to 5198 million euros (unaudited figure), up +11% on 2022, of which +9.5% on an organic basis.
The average occupancy rate in 2023 will be +1.5 pt higher than in 2022.
The Company adds that EBITDAR and pre-IFRS 16 EBITDA for 2023 are expected to come in at around €690 million and €200 million respectively, less than 5% behind the estimate.
Lastly, following the €390 million rights issue completed on February 15, the Group wishes to remind its shareholders that between February 20 and March 21, 2024, the Company will carry out a reverse stock-split.
Specifically, 1,000 existing shares with a par value of E0.01 each will be exchanged for one new share with a par value of E10.
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