Ramsay Health Care reaffirms outlook as Q1 update outstrips estimates
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The news: Private hospital operator Ramsay Health Care has reaffirmed its outlook to achieve EBIT growth in its Australian business over the 2026 financial year.
The numbers: The company said its Australian business achieved revenue growth of 6.5% in the first quarter, ahead of average forecasts of 4.2% growth. It also delivered EBIT growth of 5.8%, compared to consensus expectations for a 2% retraction.
The context: Ramsay said it has finalised the strategic review options for its shareholding in its European subsidiary Ramsay Santé and will provide an update to the market on executing one of the options by no later than its first-half result.
RBC Capital Markets analyst Wei Weng-Chen said Ramsay's trading update this morning should be "taken well" by the market today.
The sources: ASX, RBC Capital Markets research
