Ramsay Santé's Q1 Results: A Stable Income Opportunity

Ramsay Santé, a leading European healthcare provider, has released its Q1 results as of September 30, 2024, showcasing a strong performance driven by stable revenue growth and operational efficiency. As an investor focused on sectors that generate consistent profits and cash flows, Ramsay Santé's Q1 results present an attractive income opportunity.

The company's unaudited group revenue increased by 8.6% to €1.18bn, supported by price increases and volume growth in France and Sweden. This growth reflects the sustained patient need for healthcare services and the capacity of Ramsay Santé's facilities to provide more care. Revenue growth on a like-for-like basis was 5.9%, demonstrating the company's organic growth potential.

Ramsay Santé's unaudited group EBITDA increased by 15.1% over the quarter, reaching €105.4m with an EBITDA margin of 9.0%. This improvement is a testament to the company's successful cost base restructuring efforts and productivity improvements, which have helped offset staffing challenges and competition for nurses in Europe. The company's net financial debt as of September 2024 amounted to €3,777m, with pre-IFRS16 unaudited net leverage stable at 5.3x.



Ramsay Santé's strategic initiatives, such as the "Yes We Care 2025" plan, have been instrumental in addressing staffing challenges and competition for nurses. The acquisition of 12 Cosem primary care centers in June 2024, handling over 1 million patient consultations annually, has boosted revenues and provided additional revenue streams. Additionally, the successful refinancing of senior debt facilities, extending maturities to 2029-2031, ensures a stable financial framework for implementing strategic plans.



As an investor with a focus on stable income, Ramsay Santé's Q1 results offer an attractive opportunity. The company's consistent revenue growth, improved operational efficiency, and strategic initiatives make it a reliable choice for retirement portfolios and income-focused investors. By capitalizing on undervaluations created by market perceptions, such as high interest rates affecting REITs, investors can secure steady returns and inflation-protected income.

In conclusion, Ramsay Santé's Q1 results as of September 30, 2024, demonstrate the company's strong performance and potential for stable income. As an investor prioritizing sectors that generate consistent profits and cash flows, Ramsay Santé's Q1 results present an attractive opportunity for income-focused portfolios. By leveraging the company's strategic initiatives and operational efficiency, investors can secure steady returns and inflation-protected income.