Clariane - comment

Clariane released its FY24 financials last night. The numbers for FY24 are in line with previous guidance. Clariane is enjoying a good trajectory operationally coupled with

Tomás Mannion25 February 2025CLARIANE

Clariane - comment

Clariane has extended the maturities of its loan facilities to May 2029. The headline also states the overall size is reduced, which aligns with its

Tomás Mannion17 February 2025CLARIANE

Clariane - comment

A couple of takeaways from the Emeis (Orpea) numbers this morning relevant to Clariane. Price increases will likely be more subdued in FY25 across the

Tomás Mannion6 February 2025CLARIANE

Clariane - comment

As part of the Q3 revenue release, Clariane confirmed they met the €300m minimum liquidity requirements on the 3rd of November intending to

Tomás Mannion9 December 2024CLARIANE

Clariane - comment

Emies (previously Orpea) reported their Q3 revenue numbers, confirming the occupancy and pricing trends already reported by Clariane. Emies revenue is up

Tomás Mannion30 October 2024CLARIANE

Clariane - comment

Clariane only releases top-line revenue numbers in Q1 and Q3, so there are not many new details in their Q3 release. Revenue has grown in line

Tomás Mannion24 October 2024CLARIANE

Clariane - Looking at it differently

Please find our updated analysis on Clariane here.

Clariane has executed three of its four pillars of financial restructuring, with the equity raise completed in early July. With some time available to

Tomás Mannion18 October 2024CLARIANE

Clariane - comment

The Belgium paper, De Tijd reported yesterday that the government in the Belgian region of Flanders is considering banning nursing home

Tomás Mannion20 August 2024CLARIANE

Clariane - comment

Clariane continues to see operational improvement, with revenue, EBITDA, and occupancy rates all showing year-on-year growth. On a country-specific basis,

Tomás Mannion6 August 2024CLARIANE

Clariane - comment

Clariane has completed their rights issue announced last month raising c.€237m. This was fully underwritten so its completion will not impact

Tomás Mannion3 July 2024CLARIANE

Clariane - comment

Clariane announced the disposal of its residency service activity, Les Essentielles to Odalys, which is part of the Duval Group. This business was already categorised as

Tomás Mannion27 June 2024CLARIANE

Clariane - comment

Clariane launched their planned rights issue today as part of their Refinancing Plan. This is the second part of the equity raise required, as announced on

Tomás Mannion13 June 2024CLARIANE

Clariane - Administrating self help.

Please find our initial analysis of Clariane here.

With the Company holding an investor Day next Tuesday, this is a preliminary note on Clariane. We have struggled to see what makes people excited about the

Tomás Mannion17 May 2024CLARIANE

Clariane - comment

Clariane released their Q1 revenue numbers last night, in line with their guidance. They do not provide any profitability numbers but can reconfirm their FY24 guidance of

Tomás Mannion26 April 2024CLARIANE

Clariane - comment

As part of Clariane’s Refinancing Plan, Belgian press are reporting that Rothschild are mandated to sell its Belgian and Dutch facilities. Clariane has

Tomás Mannion7 March 2024CLARIANE, KORIAN