emeis Société anonyme (ORPEF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the MIE's conference call regarding its full year 2025 results. It will be structured in two parts. First, a presentation by MIE's management team, represented by Mr. Laurent Guillot, Group CEO, and Mr. Jan-Marc Boursier, Group CFO. Afterwards, there will be a Q&A session during which you can ask oral or written questions. I will now hand over to the management team. Gentlemen, please go ahead. Thank you. And good morning to everyone. And thank you once again for attending this webcast for Full Year Earnings 2025. Before answering to your question with our deputy CEO and CFO, Jean-Marc Boursier, we'll share with you a few thoughts regarding this year, 2025 and 2026. I will begin my presentation by reviewing some of the group's key characteristics, which many of you already are familiar with. First, I would like to highlight the geographic diversification of operations, which include France, Northern Europe, Germany and the Netherlands, Central Europe, Austria, Switzerland, Southern Europe, Spain and Italy. Next, our business diversification, with two-thirds of our revenues generated by nursing homes and the remainder by post-acute care clinics and psychiatric clinics. And finally, our shareholder structure, which is built for the long term around solid and reputable encore shareholders. It is also important to know that our group also distinguishes itself through its significant real estate portfolio, which is worth 5.6 billion euros by the end of 2025. 44% of the beds we operate are owned by the group, a figure that, to my knowledge, is unmatched among groups of comparable size, and our portfolio is also geographically well-distributed of real estate. is well distributed in Europe. As we previously reported in mid-February, 2025 was ...