Edition:
India

Korian FY Net Profit Group Share Up At ‍​163 Million Euros


Wednesday, 14 Mar 2018 

March 14 (Reuters) - KORIAN ::FY EBITDA MARGIN OF 14.0%, UP 30 BASIS POINTS COMPARED WITH 2016 UNDERLYING MARGIN‍​.FY NET PROFIT GROUP SHARE EUR ‍​163 MILLION VERSUS EUR 131 MILLION YEAR AGO.FY EBITDA EUR 440‍​ MILLION VERSUS EUR 422 MILLION YEAR AGO.WILL PROPOSE A STABLE DIVIDEND OF €0.60 PER SHARE.IN 2018, KORIAN IS TARGETING REVENUE GROWTH OF AT LEAST 5.5%..REVISES ITS OBJECTIVES FOR OPERATING MARGIN (EBITDA) UPWARDS TO 14.3% IN 2019 AND CLOSE TO 15% IN 2021.CONFIRMS ALL OTHER FINANCIAL OBJECTIVES OF THE KORIAN 2020 STRATEGIC PLAN.IN 2018 MARGINS ARE EXPECTED TO INCREASE IN THE INTERNATIONAL SECTOR, PARTICULARLY IN GERMANY.IN 2018 THE GROUP EXPECTS ITS PORTFOLIO TO INCREASE BY OVER 2,500 BEDS IN TOTAL.IN 2018 IN TOTAL, KORIAN EXPECTS A LIMITED DECLINE IN EBITDA MARGIN COMPARED WITH 2017. 

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