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Connell C - LB Mar 2022

Half-year net profit down at Korian

Image from Korian’s Facebook page

Pan-European care group Korian has reported net profit of €21.7 million for the first half of 2022, down from €43.7 million reported for the first half of 2021.

The Paris-based company reported revenue of €2.22 billion, up from €2.11 billion reported for the first half of last year.

Sophie Boissard, Korian Group’s chief executive, stated: “Korian community has once again demonstrated resilience and commitment to provide high quality of care to fragile people at their home or in our facilities in an unstable environment. In a scarce labour market environment and according to our ESG road map, we have been more than ever focusing on developing education programmes, now enabling us to cover half of our recruitment requirements and we are continuing to reinforce our staff ratios to ensure care quality.

“We benefit from the strong involvement of our employees in the transformation of our company, through active social dialogue at all levels and now through dedicated employee shareholding structure, which allows us to pursue that repositioning of our group and its transformation to become a purpose-driven company, dedicated to the prevention and care for fragile people in their communities.”

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