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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Revenue

EUR 1.23 bln

Q1 Net Loss

EUR 35.5 mln

Q1 EBITDA

EUR 120.7 mln


Analyst Coverage

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


Reuters Recommended Reads

  • Nov 4 - Sweden's Medicover Q3 profit rises 29% on price adjustments and wider network; to focus on Europe

  • Nov 4 - Healthcare firm Fresenius Q3 revenue rises on Kabi growth; lifts outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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