Korian announces its 2016 full year revenue

Finance

Annual revenue of €2,986.8 million (+15.8%)
Strong growth driven by international revenue
At least 5% revenue growth expected for 2017

Strong growth of 2016 revenue meeting Group targets
Korian, the European leader in Ageing Well, posted annual revenue(1) of €2,986.8 million in 2016, up 15.8% on a reported basis. The Group’s revenue was boosted by the integration of acquisitions since 1 January 2016, of which Casa Reha. Organic revenue growth (2) for the year was 3.8%. Foreign subsidiaries continued to generate an increasing share of sales, accounting for over 48% of the Group’s revenue in the last quarter of the year. The number of beds Korian operated in 2016 grew by 2,744, the acquisition of Casa Reha bringing an additional 10,182 beds to the Group’s portfolio.