Cegedim's Steady Growth and Challenges in 2026

Cegedim reported a 1.2% like-for-like increase in revenue for Q3 2026, reaching €155.9 million. The growth over the first nine months was a modest 0.9% compared to 2025. Notably, revenue in Business Services and third-party payer segments showed strong performance, while the Cloud & Support division faced a marked decline of 40% due to the end of significant outsourcing contracts.

The Health & Provident Insurance segment experienced a 2.9% rise, driven by third-party payer activities. Similarly, Business Services recorded a 9.5% increase, buoyed by HR software and e-business. However, overall growth was offset by declines in Healthcare Professionals and Cloud & Support revenues.

Looking ahead, Cegedim maintains a target of over 2% like-for-like revenue growth for the full year 2026, bolstered by enhanced performance in Business Services and ongoing digitization efforts.