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    RHC   AU000000RHC8

RAMSAY HEALTH CARE LIMITED

(RHC)
  Report
Delayed Australian Stock Exchange  -  12:10:06 2023-02-01 am EST
66.14 AUD   -0.72%
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Ramsay 1Q Net Profit Falls, But Activity Levels Pick Up

11/10/2022 | 04:49pm EST

By David Winning


SYDNEY--Ramsay Health Care reported a 1.2% fall in first-quarter net profit, but said activity levels have improved in all the regions where it operates private hospitals.

Ramsay reported an unaudited net profit of 57.4 million Australian dollars (US$38 million) in the three months through September, down from A$58.1 million a year ago. Quarterly earnings before interest, tax, depreciation and amortization fell by 2.3% to A$410.6 million, but revenue rose by 6.7% to A$3.45 billion.

Ramsay said its profit had progressively improved during the quarter as the impact of Covid-19 lessened in the U.K. and Australia. It estimated the total Covid impact in its fiscal first quarter to be A$64.4 million.

In Europe, the company's Ramsay Sante venture reported a 16.4% drop in quarterly Ebitda, which reflected lower Covid-related government revenue, inflationary pressures and higher labor costs due to staff shortages.

"Ramsay is focused on negotiating improved terms with payors to reflect higher staffing costs related to labour shortages and inflationary pressures more generally," the company said in a regulatory filing on Friday. "The company finalized satisfactory new agreements with a number of private payors over the quarter."


Write to David Winning at david.winning@wsj.com


(END) Dow Jones Newswires

11-10-22 1648ET

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Analyst Recommendations on RAMSAY HEALTH CARE LIMITED
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Financials
Sales 2023 14 899 M 10 542 M 10 542 M
Net income 2023 405 M 287 M 287 M
Net Debt 2023 10 190 M 7 210 M 7 210 M
P/E ratio 2023 35,2x
Yield 2023 1,82%
Capitalization 15 065 M 10 620 M 10 660 M
EV / Sales 2023 1,70x
EV / Sales 2024 1,60x
Nbr of Employees 88 000
Free-Float 77,4%
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Mean consensus HOLD
Number of Analysts 15
Last Close Price 66,14 AUD
Average target price 66,77 AUD
Spread / Average Target 0,96%
EPS Revisions
Managers and Directors
Craig Ralph McNally Chief Executive Officer & Executive Director
Martyn Roberts Group Chief Financial Officer
Michael Stanley Siddle Founding Director
Edward Byrne Group Chief Medical Officer
David Ingle Thodey Lead Independent Non-Executive Director
Sector and Competitors