Emeis Sees Progress with Increase in Occupancy Rate and Opening 31 New Centers

This progress is due to a increase in occupancy rate – with the exception of retirement homes in France – and opening 31 new centers, said the group’s general manager Laurent Guillot at a telephone press conference.

“These results complete the first phase of the restructuring plan announced in November 2022, this shows the progress of the various projects we have undertaken and which are – produce visible results,” he said.

However, the group’s operating profit continued to be affected by “a strong inflationary context that could not be absorbed by price changes” and by the investments made to “strengthen the quality of care and support”, specifying Emeis in a press release.

The net profit of the group, which employs 76,000 workers including 28,000 in France, reached 1.3 billion euros in 2023 compared to a loss of 4 billion in 2022.

But this 2023 result includes “certain elements” where “nothing works”, “which means we still have a lot of work ahead of us to continue recovery of the company”, said Laurent Guillot.

As part of the division, the group was strongly shaken by the publication in January 2022 of the investigative book by the journalist Victor Castanet, The graves, which denounced the ill-treatment of residents, misuse of public funds and failure in the management of the workers. The group and former leaders have been the subject of legal proceedings ever since.

In financial problems, the group came under the control of a group led by the Investment fundthe financial branch of the State, as part of a procedure aimed at having the opportunity to recover financial balance.

In addition to the financial results, Emeis also announced on Wednesday a reduction in the frequency of workplace accidents in 2023, two points compared to 2022 and 8 points compared to 2021.

In addition, 72% of institutions in the world “are now equipped with an ethics reference and good treatment”, compared to 45% in 2022, according to the group, which shows “satisfaction rate” reaching 92.5% compared to 90%. .1% in 2022.

At the end of 2023, Emeis had 94,000 beds and just over 1,000 centers worldwide.