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Orpea SA (ORPEF)
| Previous close | 1.9000 |
| Open | 1.9000 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's range | 1.9000 - 1.9000 |
| 52-week range | 1.9000 - 16.0100 |
| Volume | |
| Avg. volume | 19 |
| Market cap | 122.829M |
| Beta (5Y monthly) | 1.22 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 09 Jul 2021 |
| 1y target est | N/A |
- Reuters
Orpea unsecured creditor group says will appeal restructuring plan approval
LONDON (Reuters) -A group of Orpea's unsecured creditors will appeal a court decision to approve the French nursing care provider's restructuring plan, according to a statement issued late on Monday. Earlier on Monday, Orpea had an accelerated safeguard plan approved by the Nanterre Commercial Court, enabling the implementation of an agreement signed in February under which France's public lender Caisse des Depots et Consignations (CDC), will take control of the group, making the French state its main shareholder. Orpea's shares rose almost 6% on Tuesday, having hit a nearly one month-high at 2.16 euros earlier in the day.
- Reuters
Orpea's rescue plan approved by French court
The Nanterre Commercial Court's decision should enable the implementation of an agreement signed in February with a group of investors led by France's public lender, Caisse des Depots et Consignations (CDC), which will take control of the group, making the French state its main shareholder. "Today an essential decision has just been taken to save the company," CEO Laurent Guillot said in a statement. "ORPEA's future is therefore assured."
- Reuters
French nursing care provider Orpea warns on 2023 core profit
Orpea has been in turmoil since the beginning of 2022, when allegations of mistreatment in its French care homes in a book by journalist Victor Castanet sent shockwaves through the nation and much soul-searching over how the elderly are treated in nursing homes. Orpea said it now expects to fall 15-20% short of the 881 million euros it forecast in May for 2023 earnings before interest, taxes, depreciation, amortisation and rent costs (EBITDAR). The group said this was mainly due to lower revenues in France, where occupancy rates at nursing homes were well below forecast, at around 83.4% on average in the first semester of the year, due to the "adverse reputational context".
