First Impression: Invocare-IVC-Interim result

Bell Potter


Net operating cash flow down 10.7% to $22.5m. Segment Result: Australia revenue was up 3.7%, EBITDA margin lat. | NZ revenue was down -6%, but EBITDA margin improved 265 bps y/y on tight payroll and marketing cost management. | Singapore sales rose 2.7% y/y while EBITDA margin decreased by 136 bps y/y on low case volumes. | The US business continues to be loss making (-US$1.4m EBITDA in 1H16); IVC is aiming to reduce the EBITDA loss to -US$1m in 2H16.

1 stock mentioned

Bell Potter

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment