ORPEA SA (the "Company") today announces its consolidated revenue for the 1st half of 2023.
While occupancy rates of retirement homes in France remained below expectations, the 2nd quarter of 2023 confirmed the trend observed in the 1st quarter of 2023, with growth of +11.1% vs. the same period last year. This is the result of an overall increase in occupancy rates, with the exception of France, an increase in installed capacity with the contribution of recently opened facilities, and the effects of price increases, which were particularly marked in Central Europe.