MEDICA: stronger growth in first-quarter 2010
€127.2 million in Q1-2010 revenue up 10.1% on first-quarter 2009
MEDICA, a leading provider of long and short-term dependency care in France, has released its quarterly review for the three months ended 31 March 2010.
|
Revenue by sector- €m |
Q1-2010
|
Q1-2009
|
Reported growth |
Organic growth |
|
Long-term care - France % of revenue |
78.7 61.8% |
68.8 59.5% |
+ 14.4%
|
+ 9.1%
|
|
Post-acute and psychiatric care - France % of revenue |
35.4 27.8% |
34.8 30.2% |
+ 1.6%
|
+ 1.6%
|
|
Italy % of revenue |
13.1 10.3% |
12.0 10.4% |
+ 9.8%
|
+ 3.6%
|
|
TOTAL |
127.2 |
115.6 |
+ 10.1% |
+ 6.2% |
“Revenue rose by more than 10% in first-quarter 2010, led by a more than 6% gain in organic growth,” said Jacques Bailet, Chairman and Chief Executive Officer.“This performance makes us very confident in our ability to meet the 2010 revenue growth target of at least 10% and supports our medium-term growth strategy, which is expected to drive a 45% increase in revenue over the 2010-2012 period.”
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