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LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Paris, 10 November 2022
9.8% total revenues growth for this quarter, strongly supported by good dynamics in the Nordics countries and recent acquisitions. Growth on a like-for-like basis of 4.9%.
Continuously playing a leading role in addressing the effects of the COVID pandemic in Europe, whilst confronted to an EBITDA decrease of 16.7% vs Q1 FY22 due to lower Covid subsidies, high inflation and staff shortage challenges.
Cost controls measures reinforced to address current headwinds and support our efforts in implementing a global patient pathway strategy to remain a European leader in integrated care.
Pascal Roché, Chief Executive Officer of Ramsay Santé, says:
« The first quarter of FY23 (July-September 2022) has seen a full contribution of all the acquisitions completed over the course of the last financial year in the Nordics and has benefited from a strong activity in that geography. Ramsay Santé continued to care for many Covid patients in France and Sweden in particular. Whilst operating conditions are improving, profitability did not compare favourably versus the prior year corresponding period due to lower Covid-related subsidies, high inflation and staff shortage challenges »
The Board of Directors approved the unaudited first quarter FY23 trading update at its meeting held on 10 November 2022.
About Ramsay Santé
Ramsay Santé is the leader in private hospitalisation and primary care in Europe. The Group has 36,000 employees and works with nearly 9,300 practitioners to treat more than 10 million patients per year in its 443 facilities and 5 countries: France, Sweden, Norway, Denmark and Italy.
Ramsay Santé offers almost all medical and surgical specialities in three domains: Medicine, Surgery, Obstetrics (MSO), Follow-up Care and Rehabilitation (FCR) and Mental Health. In all its territories, the Group contributes to public service health undertakings and providing proximity care, as in Sweden where the group has more than a hundred local health centres. Safe, quality care is the Group’s priority in all the countries where it operates. This is what has made it a reference in state-of-the-art medicine, particularly in outpatient surgery and enhanced recovery after surgery (ERAS). The Group also invests more than €200 million every year in its facilities, whether in new surgical and imaging technologies or in the construction and modernisation of facilities. To best serve patient interests, it innovates constantly with new digital tools and by developing its organisations to improve efficiency of care.
Code ISIN and Euronext Paris: FR0000044471
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