Four Seasons still struggling in Q1

In its latest statement to bondholders, Four Seasons Health Care’s directors reported: The EBITDA of £9.7m for Q1 2015 was £6.2m below the comparable period in 2014 of £15.9m, with a 3.2% decrease in the EBITDARM margin. The LTM (Last Twelve Months) EBITDA at March 2015 has therefore decreased to £57.9m compared to the £64.1m for the year to December 2014.’