Medica Affirms Profit Margin of More Than 26%, Investir Says

Medica SA (MDCA), a French nursing-home operator, affirmed its target for a profit margin of more than 26 percent this year, the French weekly Investir said, citing Chief Executive Jacques Bailet.

Earnings before interest, taxes, depreciation, amortization and rental expenses was 26 percent of revenue in the first half of the year, the company reported in September.

To contact the reporter on this story: Alan Katz in Paris at akatz5@bloomberg.net.

To contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.