ORPEA Releases Preliminary Unaudited Financial Indicators Related to the 1st Half of 2022

Regulatory News:

ORPEA (Paris:ORP) :

Activity in the first half of the year and during the summer months remained sustained by the pace of new bed openings and a gradual improvement in the level of activity.

At the same time, operating profitability for the first half of the year, as well as for full-year 2022, has been affected by the reduction in compensation mechanisms relating to Covid-19, which the increase in the Group's occupancy rate was not sufficient to counterbalance, as well as by a sizeable amount of non-recurring income specific to 2021, an inflationary context in purchases (particularly energy) and also by a more active recruitment policy, particularly in France, in a job market under pressure.

Laurent Guillot, Chief Executive Officer, said: "A little over two months after taking office, I am convinced that ORPEA benefits from solid assets to be a leading player at the heart of the societal challenges associated with the care of elderly persons. Its 72,000 employees caring for residents, patients and their families are the most important of these. I would like to extend my warmest thanks to all our teams, both in France and abroad, for their unwavering commitment, particularly during this very hot summer.

We have taken a first step with concrete measures that were decided this summer as part of the implementation of our three short-term priorities: safety and working conditions for our employees; quality of care and support for our residents, patients and their families; and the ethical and responsibility principles that are attached to our mission.

With the support of a largely renewed Board of Directors, ORPEA is fully engaged in its transformation plan and into restoring sustainable practices, in a spirit of dialogue and transparency with all our stakeholders. I will present the main orientations of this plan in the autumn.”

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The Board of Directors meeting on 10 September 2022 reviewed the preliminary financial indicators for the first half of 2022, unaudited as of today, and the economic environment for the second half of 2022.

The indicators for the first half of 2022 are as follows:

(€m)	FY2020	FY2021	H1 2021		H1 2022 (unaudited figures)
Revenue	3,922	4,299