Korean revenue increased in the first quarter due to the acquisition

Number one in Europe for retirement homes, Corian saw a substantial increase (+ 8.1%) in its business in the first quarter, especially thanks to several acquisitions made in 2020, he announced on Monday.

Turnover from January to March was 1.01 billion euros, compared to 941.6 million in the same period a year earlier. Of the 8.1% increase, 1.4% is organic, with the rest coming from newly acquired businesses.

Korean also announced the acquisition of Intensivpflegedienst Lebenswert GmbH (IPDL), a German company specializing in intensive outpatient care, with sales to reach 10 million euros in 2021.

The group is now expected to rise to “More than 9%Growth of its revenues in 2021, in line with its objective of generating over 4.5 billion euros in sales in 2022.

«Very good performance»

In the country, sales in France increased by 10.8% to 510.8 million euros in the first quarter, while in Italy it was up 8.6% to 104.7 million compared to the first quarter of 2020, increasing 5% to 8% to 259.3 million in Germany. For its part, Benelux grew 3.1% to EUR 143.4 million thanks to the development of a platform in the Netherlands, which represents some 1,100 beds.

The Korean is integrated into activity in France, with sales taking place in Spain (7.8 million euros) and the United Kingdom (1.8 million euros), where it is still modest and recently established.

Profit from quarterly activity “Very good performance»Acquired in December 2020 from psychiatry group Innisia (19 clinics including 7-day hospitals), as well as other medical activities acquired in Italy and France, developments in the Netherlands and Berkeley Care Group in the United Kingdom. He explains.

See also  Coronavirus: Return to financial wellbeing not likely amid lockdown uncertainty | British isles News

In France, organic growth was 2.8%, thanks to a “Good mobility of medical activities“, Cause of change of network of clinics and”Development of outpatient care capabilities»

Group indicating vaccination “More than 84%“With its residents and 59% employees, will hold its annual general meeting on May 27 and it is expected that it will be completed”First vaccination campaign“, In all countries where it is active,”By the end of may»

You May Also Like

About the Author: Forrest Morton

Organizer. Zombie aficionado. Wannabe reader. Passionate writer. Twitter lover. Music scholar. Web expert.

Leave a Reply

Your email address will not be published. Required fields are marked *