CLARIANE SE 
2024 Q1 revenue
25 April 2024
Philippe Garin - Chief Financial Officer
In this presentation, and unless otherwise indicated, all changes are stated on a year-on-year basis (2024/2023), and at constant scope and exchange rates.
This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets.
These statements are by their nature subject to risks and uncertainties as described in the Company's Universal Registration Document available on its website (www.clariane.com).
Accordingly, these statements do not necessarily reflect the Company's future performance, which may differ significantly. The Company does not undertake to provide updates of these statements. Further information about Clariane is available on its website (www.clariane.com).
26/
04/
20
24
First Quarter key highlights:
Solid business growth in the first quarter of 2024:
Revenue up 7.4%
All regions and business segments contributing to growth
2024 objectives confirmed
Organic revenue growth of over 5%
Stable EBITDA in value pre IFRS 16 (pro forma basis)
Refinancing Plan well underway in the first quarter
Page 3
Well balanced growth between volume and price
Reported
and organic +7.4% growth:
Business volumes +3.9%
+€47 million
Price
increases +3.5%
+€43 million
Page 4
Long Term Care occupancy rate
61.5% of Q1 revenue
90 000 residents
Q1 average | |
90 | occupancy |
rate |
89,5 | % | 89,6 |
89.6% | ||
89 | |
88,5 | 88,2 |
88 87,7
88,8 |
88,7 |
+ 1.9 pts
vs. Q1 2023
Average
occupancy
87,5
87
Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
rate in March
90.2%
Page 5
Solid growth in all activities, demonstrating a successful diversified portfolio
GROWTH BY ACTIVITY
Q1 2023 | Q1 2024 |
Revenue | Revenue |
(€m) | (€m) |
Share of revenue
Reported Organic growth growth
Long Term | 759 | 802 | 61.5% | 5.7% | 7.1% |
Care | |||||
Specialized | 322 | 337 | 25.8% | 4.8% | 5.1% |
care | |||||
Community | 138 | 169 | 12.8% | 22.3% | 14.4% |
Care | |||||
Total | 1218 | 1308 | 7.4% | 7.4% | |
Page 6
All geographies growing well
GROWTH BY COUNTRY | ||||
Q1 24 Reported | Q1 24 Organic | |||
growth | growth | |||
France | 8.2% | 7.0% | ||
Germany | 7.6% | 7.9% | ||
Benelux | 5.7% | 8.1% | ||
Italy | 3.5% | 4.3% | ||
Spain, UK | 13.2% | 13.6% | ||
Total | 7.4% | 7.4% | ||
Page 7
France: strong business levels
€m (excluding IFRS 16) | Q1 24 |
REVENUE | 579 |
REPORTED GROWTH | 8.2% |
ORGANIC GROWTH | 7.0% |
- Organic revenue growth in the Long-TermCare segment: +6.4%
- Price and volume increases
- Specialized Care organic revenue growth of 6.1%.
- Each sub-segment - homecare, mental health and medical and rehabilitation care - achieved significant growth
- Outpatient and partial hospitalisation activities contributed well to all facilities
- Community Care grew by +25.5% organically, driven by robust demand for services of Ages & Vie and Petits-fils
Page 8
Germany: price increases have not yet fully offset cost increases
€m (excluding IFRS 16) | Q1 24 |
REVENUE | 304 |
REPORTED GROWTH | 7.6% |
ORGANIC GROWTH | 7.9% |
Revenue rose sharply, driven mainly by price increases negotiated in 2023 with local authorities
- Long-TermCare posted organic growth of +7.2%, supported by price rises and an occupancy rate that rose to 88.8% in Q1 24
- Revenue in Community Care grew by +9.2% on an organic basis
Page 9
Benelux
€m (excluding IFRS 16) | Q1 24 |
REVENUE | 191 |
REPORTED GROWTH | 5.7% |
ORGANIC GROWTH | 8.1% |
Page 10
Revenue totalled €154 million, up 5.7% on an organic basis.
- Long-TermCare posted organic growth of +4.9%, with occupancy rate that rose from 89.5% in Q1 23 to 91.6% in Q1 24, and by regular price rises
- Community Care - over 7% of the Group's revenue in Benelux - achieved rapid organic growth of 16.7%
The Group's three Dutch business segments achieved firm growth throughout the period
- Long-TermCare revenue rose by 20.5%, supported by rapid ramp-up of recently completed greenfield facilities in favourable market conditions
- Stable revenue in Specialized Care - just over 2% of revenue in the Netherlands
- Community Care - around 15% of the Group's revenue in the Netherlands - achieved organic revenue growth of 18.1%
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Clariane SE published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:00:54 UTC.
