Groupe Bastide Reports Revenue of €223 Million in the First Half of 2021-2022, Boosted by the More Technically Demanding Activities

Regulatory News:

Bastide Le Confort Médical (Euronext Paris Compartment B: BLC, FR0000035370), home healthcare services provider, announces its revenue for the second quarter and first half of 2021/2022.

in k€ - IFRS

2021-2022

2020-2021

Change

Organic¹

1^st Quarter Revenue

108.1

105.1

+2.9%

-0.1%

2^nd Quarter Revenue

114.9

116.0

-0.9%

-5.3%

1^st Semester Revenue

223.0

221.4

+0.8%

-3.0%

Vincent Bastide, Chairman and CEO of Groupe BASTIDE, stated: “This good half-year performance, despite an exceptional unfavorable base effect, demonstrates the strong potential of our new strategy. The exposure of the Group's overall activity remains very limited to the private, public or associative nursing homes sector, which represents less than 17% of total revenue in France, and none of the clients in this sector represents more than 5% of total annual revenue. While remaining loyal to its historical customers, Groupe Bastide continues to orient its activities towards the management of acute and chronic illnesses at home, such as respiratory assistance or nutrition-perfusion, in line with the evolution of home care, which requires an ever-higher level of quality. At the same time, we will continue to expand internationally, adapting our expertise to highly technical services and to an increasingly diversified customer base and remuneration methods. Groupe Bastide's agility enables it to meet this challenge, from which it can only emerge with greater profitability and growth potential."

Despite an unfavorable base effect linked to the impact of the health crisis on the first half of the previous financial year, which had seen a sharp increase in sales of medical devices and personal protective equipment, revenue for the first half of 2021/2022 was up slightly by nearly 1% to €223 million. As in the first quarter, the "Respiratory care" activity continued its solid growth, while the "Homecare" activity returned to its level prior to the health crisis.