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.


Bell Potter

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...

Expertise

ASX:IVC

Comments

Please sign in to comment on this wire.