Orpea SA (FR:EMEIS)
:EMEIS
Earnings Data
Report Date
Sep 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-0.85Same Quarter Last Year
Moderate Sell
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong operational recovery and major balance-sheet repair in FY2025: robust organic revenue growth, rising occupancy, significant margin expansion, positive free cash flow and sizable disposals combined with a full refinancing that materially reduced net debt and leverage. These positives are tempered by continued reported net losses driven by elevated nonrecurring items and depreciation, some country-specific underperformance (notably Ireland and clinics), and remaining interest‑rate exposure until hedging is completed. On balance, the improvements materially outweigh the remaining issues and management expressed confidence and concrete near-term targets.Company Guidance
Strong organic revenue growth
Group revenue grew +6.1% like-for-like in FY2025 (nearly +15% over 2 years). Nursing homes led the expansion with revenue up +8.1% YoY; clinics were more muted (+2.5%). Growth drivers were a +3.3ppt price effect, +1.8ppt occupancy effect and +1.0% from ramp-up of new facilities.
Occupancy recovery
Average occupancy rose by ~1.8 percentage points to 87.6% (end-2025 vs end-2024). Nursing homes occupancy increased ~2.0ppt to 87.2% and is ~5ppt higher versus 2023; overall improvement since 2021 is ~7.6ppt.
Substantial margin and EBITDA improvements
Like-for-like EBITDA growth beat guidance at +19% for FY2025. EBITDA before IFRS16 rose by €135m (+58.3% like-for-like). EBITDAR also reported strong growth (management cited +58%), with H2 showing continued momentum.
Cash flow turnaround and large free cash flow
Net operating cash flow improved from €15m in FY2024 to €190m in FY2025. Free cash flow turned positive at €347m versus -€298m a year earlier (improvement >€600m). Recurring free cash flow was positive in H2 at €20m.
Successful disposal program and liquidity added
Disposals since mid-2022 reached €2.35bn (exceeding the prior €1.5bn target). Disposals closed in 2025 totaled ~€602m, with ~€216m signed but not yet cashed. The Isemia transaction (closed 14 Jan) added ~€703m liquidity.
Major deleveraging and refinancing completed
Entire bank debt refinanced with €3.15bn of new financing (Euribor 3M +247bps cash / +363bps incl. PIK). Pro forma net debt fell by ~€1.0bn year-over-year to ~€3.8bn; reported net debt (ex IFRS5/16) €4.5bn. Leverage improved to 9.9x pro forma (from ~19.5x prior year).
Quality, ESG and operational KPIs improved
Real estate portfolio valued at €5.6bn; 44% of beds owned. French resident satisfaction reached 93.4% (+50bps vs 2024; >+3.0pts vs 2022). Net Promoter Score rose to 41 (+4 vs 2024; +23 vs 2022). Employee engagement launched at 62%; employee turnover declined. Energy consumption down ~9% YoY.
Confident near-term guidance
Company reaffirmed medium-term guidance and expects EBITDA to grow at least +10% in 2026 at constant perimeter and an average CAGR >15% for 2024–2026. Management expects continued operational leverage to support margins.
FR:EMEIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FR:EMEIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 08, 2026 | €14.08 | €15.06 | +6.96% |
Sep 30, 2025 | €14.00 | €14.76 | +5.43% |
Apr 16, 2025 | €11.50 | €11.61 | +0.96% |
Oct 03, 2024 | €5.25 | €5.70 | +8.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Orpea SA (FR:EMEIS) report earnings?
Orpea SA (FR:EMEIS) is schdueled to report earning on Sep 30, 2026, TBA (Confirmed).
What is Orpea SA (FR:EMEIS) earnings time?
Orpea SA (FR:EMEIS) earnings time is at Sep 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What is the P/E ratio of Orpea SA stock?
The P/E ratio of Orpea SA is N/A.
What is FR:EMEIS EPS forecast?
Currently, no data Available