Ramsay Sante

Results at the end of March 2023

        PRESS RELEASE
Paris, 2 May 2023

13.5% total revenues growth for the third quarter of this financial year, up to €1.3bn total revenues, supported by a broad-based good dynamics and recent acquisitions in the Nordics countries. Growth on a like-for-like basis of 10.2%.

Continuously playing a leading role in addressing the numerous headwinds impacting the healthcare sector in Europe. For the quarter, EBITDA decreased by €30m leading to €137m and 11.0% margin for this quarter, due to lower subsidies, high inflation and staff shortage challenges.

Cost controls measures reinforced to address current situation and pursue our Yes We Care 2025 strategic plan in implementing a global patient pathway strategy to further be a European leader in integrated care.

• Unaudited turnover for the nine months period ending 31 March 2023 amounted to €3,462m up 10.2% on a reported basis. Unaudited turnover for the last quarter amounted to €1,253m up 13.5% on a reported basis ;
• Unaudited EBITDA for the nine months period ending 31 March 2023 amounted to €450m down -10.5% on a reported basis. Unaudited EBITDA for the last quarter amounted to €137m down -18.0% on a reported basis ;
• Unaudited current operating profit for the nine months period ending 31 March 2023 amounted to €154m down -31.4% on a reported basis. Unaudited current operating profit for the last quarter amounted to €41m down -45.9% on a reported basis ;
• Ramsay Santé has maintained its actions to participate in the support of the French and Nordics public healthcare sectors. It has resulted in a 3.8% increase in patient admissions in our acute care facilities and 1.1 million additional patient consultations in our Nordics primary care centres over the 9 months ended 31 March 2023 compared to the prior corresponding period.
• The group continued its expansion in its core strategic development areas. Two primary care centres opened their doors in late 2022 in France and the Haussmann medical centre in central Paris joined the Ramsay Santé network in January 2023.   On 1^st March 2023, the Ange Gardien mental health clinic re-opened its doors following an extensive redevelopment of the facility and merger of the neighbouring Perreuse clinic into a single expanded modern site. The 232 beds and 15 day places will significantly enhance the mental health services proposed to the greater eastern Ile-de-France region. Finally on