Tue 05/30/2023 11:51 AM
French nursing home operator Colisee grew fourth-quarter EBITDA excluding IFRS 16 by 10.7% year over year to €56.1 million and is targeting a double-digit EBITDA increase in 2023. However, the group may continue to burn cash as a result of its aggressive acquisitions policy, investors said. The company has also faced margin pressure from delays on price increases for existing residents as a result of regulation in France, Spain and Italy despite rent, wages, energy and food cost inflation,...
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