Up 16.3% of sales in 1st half of Orpea
Orpea announced Wednesday an increase of 16.3% of its turnover in the first half and confirmed its full-year 2012.
The manager of nursing homes and clinics completed a first half sales of 470 million euros, representing organic growth of 9.3%.
The group has enjoyed a growth of 17.2% in France, which represents the bulk of its sales.
"Orpea confirms with great serenity, its sales targets for the current year and for 2011 and 2012, respectively 960 million, 1.100 million and 1.225 million euros," says in a statement.
In the second quarter alone, sales rose 16.5%, giving an organic growth of 9.1%.
For the second half, the group, which had in March 28.073 beds, expects the opening of many schools.
The shares closed Tuesday at 31.2150 euros, giving a market capitalization of about $ 1.2 billion.