)

emeis (EMEIS) investor relations material
emeis H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
H1 2025 marked a significant operational turnaround, with revenue reaching €2.91bn, up 6.2% organically and 4.9% year-over-year, driven by strong performance in nursing homes and improved occupancy rates.
EBITDAR rose 18.5% to €401m, with EBITDA (excl. IFRS 16) up 79% to €158m, reflecting robust operational recovery and margin expansion.
Net income remains negative at -€137m, but improved by €120m year-over-year, with positive free cash flow for the first time in a decade.
Over €2.1bn in real estate disposals and partnerships achieved or secured since mid-2022, exceeding targets and materially reducing net debt.
Transformation under a five-year strategic plan includes new mission-driven status, improved employee engagement, and enhanced ESG commitments.
Financial highlights
Revenue: €2,908m (+6.2% organic, +4.9% yoy); EBITDAR: €401m (+18.5% yoy); EBITDA (excl. IFRS 16): €158m (+79% yoy).
Operating margins improved: EBITDAR margin at 13.8% (+1.6pts), EBITDA margin (excl. IFRS 16) at 5.4% (+2.1pts).
Net operating cash flow and free cash flow turned positive at €62m and €26m, respectively.
Net debt (excl. IFRS 16 & IFRS 5) at €4.8bn, down €233m post-IFRS 5; pro forma net debt expected below €3.8bn after real estate deal.
Net debt/EBITDA ratio improved to 15.4x (from 19.5x at Dec 2024), with further reduction to ~13x expected post-transaction.
Outlook and guidance
2025 EBITDAR expected to grow 15–18% like-for-like; revenue CAGR of 4–5% and EBITDAR CAGR of 12–16% projected through 2028.
Operational recovery trajectory confirmed, with further margin improvement anticipated as occupancy normalizes and cost control continues.
Medium-term momentum supported by demographic trends and structural supply shortages in core markets.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage