Corian confident for 2021 after growth picks up in Q2

Corian, the number one company in Europe for retirement homes, is gaining more confidence in 2021 after seeing its sales growth double in the second quarter compared to the first, thanks to “strong recovery» In the aftercare and rehabilitation clinics.

In the April-June period, turnover increased 16.5% compared to 2020, to 1.08 billion euros (including +11.3% organic growth), after increasing by 8.1% to 1.01 billion from January to March, according to a statement issued on Thursday. . This is also becauseSpeeding up access to nursing homes, combined with activitySupported in mental health, group details, andDespite the third wave of the pandemic, its impact was much less than the previous wavesThe group recovered.Just over half of the five-point occupancy rate“One of the retirement homes he lost due to the health crisis,” Philip Garin, his chief financial officer, told AFP.

In the first half of 2021, sales of Corian – which is founded in France, Germany, the Benelux and more recently in Spain and the UK – were up 12.3% compared to the same period last year, to €2.1 billion. Thus, the group was able to achieve a net profit of 32.1 million euros during the period and 13.1 million euros excluding IFRS 16 against “20.3 million in the first half of 2020, excluding IFRS 16‘, points to the group. over here “As a result of improving operational performance and reducing tax impact الأثر“, says Kurian, who now expects revenue growth.”greater than 10%“in 2021” (“more than 9%” Previously).

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10% growth rate

According to General Manager Sophie Boissard, citing the press release, these findings are particularly fruitful for the group’s strengthening in follow-up, rehabilitative care and outpatient care for chronic patients, a strategy that allows the group “Sustainably prepared with a growth rate of at least 10%Vaccination coverage at the end of July was 100% for the population and 83% for the employees of the group that includes 720 homes and 170 clinics.

Thanks to “Significant improvement in the epidemic situation“and one”Noticeable acceleration of inputIn nursing homes in June and July, while activity is still buoyant in the health network in France, Italy and Spain, Corian hopes to find occupancy levels for its entire network.Equivalent to a pre-pandemic stateby the end of 2021.

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