Business
LNA SANTE : 2024 Annual Results
LNA SANTE : 2024 Annual
About this update from Lna Sante Sa
[{"type":"text","content":"Press release\n Nantes, 26 March 2025 at 6pm\n 2024 annual results: targets met\n LNA Santé, a company with a mission, strengthened by its unique characteristics\n Dynamics of the Growing Together 3 project\n Organic development of business lines\n Operating sales: €793.9m, + 6.7% organically adjusted\n Solid operating results\n Operating EBITDA: €146.4m, up 2.4\n Net operating profit: €29.7m, +7.7\n Real estate business back on track\n Recovery in the 4th quarter of 2024, continuing into 2025 Targeted impairment losses at the end of 2024 on saleable property assets\n Group debt under control\n Total net financial debt: €377.7m (+3.0%)\n Reduction in net operating debt: €111.7m (-11.0%)\n Decline in operating leverage: 1.5x vs. 1.8x\n Secured cash1 : €196m\n Continued growth in 2025\n Operating sales target: €845m, up 6%\n Growth in operating profit from ordinary activities\n Targeted acquisitions of operating licences Ongoing transformation of the existing stock\n 1 Liquidity consists of gross cash plus confirmed but undrawn RCF lines.\n \"In a constrained and uncertain environment, the year 2024 was a rich and intense one for our professions. With a wide range of dynamics, including the remarkable growth in home hospital care promoted by the public authorities, the very good performance of nursing homes and the difficult implementation of the reform of the pricing system for rehabilitation clinics, which penalised operators and caused concern for patients, 2024 ended with a robust overall performance.\n Driven by sustained healthcare needs, operating indicators remain buoyant in volume terms, from sales to net profit, although margins have fallen significantly. These include the application on 1st January of regulatory changes that are highly unfavourable for the financing of private medical and rehabilitation establishments, and the effects chronic underfunding of inflation by the French health insurance system, which accumulates and worsens each year.\n This lack of public support weighs heavily on the economic situation operators and hampers their ability to invest at a time when our entire profession is having to respond to massive healthcare needs, whether arising from an ageing population, the prevalence of chronic diseases, the shift to ambulatory care or the challenge of accessibility to primary care.\n Throughout 2024...