Half Year 2024 Emeis SA Earnings Call Transcript

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Oct 04, 2024

Oct 04, 2024 / 08:00AM GMT
Laurent Guillot - Emeis SA - Group Chief Executive Officer

Half year results end of June 2024. Here is Jean-Marc Boursier, our CFO. And as you will see, these results show a transition that is well underway.

Over the past 18 months, we have implemented ambitious transformation measures for the benefit of our residents and employees in order to restore a quality of care that matches our ambitions, the necessary basis to initiate a sustainable turnaround in our operating performance. To achieve this, we adopted a new governance structure as part of the restructuring of our balance sheet and a new identity, really helping to improve the perception of our group by residents and their families.

The fundamentals of our businesses are already improving, which shows that we have taken the right direction. Occupancy rates are already recovering across all markets and all Emeis businesses. Already, our ability to capture a favorable price effect seems to have been strengthened in all markets and all the group's businesses with price rises outstripping inflation and exceeding those observed among

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