France's Ramsay Sante's Q1 revenue rises on French hospital admissions, Nordic strength

Overview

• France-based private hospital operator's Q1 revenue rose 2.9% yr/yr on higher French hospital admissions and Nordic strength

• Q1 EBITDA increased 7.5%, outpacing revenue growth due to operational improvements and cost control

• Q1 net loss narrowed from prior year

Outlook

• Company expects FY 2027 revenue growth between 2.0% and 3.0% and stable EBITDA margin

• Company targets FY 2029 revenue growth of about 3.0% per year and gradual EBITDA margin improvement

• Ramsay Santé expects gross capex at about 4.0% of revenue on average over FY 2027-2029 period

Result Drivers

• ADMISSIONS AND NORDIC GROWTH - Co said Q1 revenue was driven by higher French hospital admissions, day medicine care development, Nordic strength and St Göran contract

• COST CONTROL - Co said strengthened productivity and cost-control initiatives offset inflation and improved EBITDA margin

Company press release:

Key Details

Analyst Coverage

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)