This chapter delves into GHD's financial performance for the last quarter and full year of 2023, showcasing its surpassing of earnings forecasts while falling short of revenue and ABITDA goals. The narrative emphasizes the worrisome underperformance of the home care sector amidst commendable showings by other divisions, notably the wholesale segment.
Relevant Reports:
European Sustainability Linked Bonds and Loans Wrap - https://go.reorg-research.com/european-sustainability-linked-bonds-and-loan-wrap-2023
Each episode of Reorg's weekly EMEA Core Credit podcast series features detailed discussions on issues and companies across the credit lifecycle. This week’s podcast includes discussions on:
-Underperforming German nursing home care provider GHD;
-The likelihood of an Egyptian sovereign default; and
-The primary market, with a roundup of action that’s taken place since last week.
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