Good momentum in revenue for the nine months ended 30 September 2024 - 2024 guidance confirmed
- Revenue for the nine months to 30 September 2024 rose by 6.3% on an organic basis
- All business segments and regions saw growth, and the average occupancy rate in care homes was 90.2% in the first nine months of the year, vs. 88.3% in the same period in 2023
- Progress on the disposal plan (last part of the plan to strengthen the financial struc-ture), with 48% of the total target of one billion euros by the end of 2025 secured by 30 September 2024, compared with 40% at 30 June 2024
- The Group is confirming its 2024 guidance: organic revenue growth of over 5% and EBITDA excluding IFRS 16 and disposals at least stable in value, despite the absence of contribution from real-estate development activities in 2024 (€48m in 2023)
Thanks to the strong commitment of all our employees, our Group continues to enjoy a good activity momentum, demonstrating the relevance of its business model based on a diversified portfolio of activities and geographies.
We are more focused than ever on our mission to provide care for vulnerable people, in line with the priorities defined in our “At your side” corporate project, and in line with the financial and non-financial objectives of our medium-term plan. The new organisation put in place on October 1st, and in particular the creation of a Deputy Chief Executive Office in charge of oper-ational excellence and steering the Group's performance, placed under the responsibility of Rémi Boyer will enable us to provide better support to our facilities as they develop their busi-ness and take full advantage of the synergies between the Group's activities.
We are also well advanced in the implementation of the plan to strengthen our financial struc-ture decided on 14 November 2023, with the ongoing implementation of the fourth and final part of this plan, namely the €1bn asset disposal programme. To date, we have already com-pleted or secured close to half of this programme, which must be completed by 31 December 2025 at the latest.
Buoyed by our achievements and the momentum resulting from our “At Your Side” corporate project, along with our “Better Support” programme aimed at supporting and maximising operational efficiency in our operations, we are looking ahead to the coming months with de-termination and confidence.
