Greencross: A clear path to growth

Leyland Private Asset Management

Trusted and Confidential Asset Management Advisors

Greencross Limited (GXL) is Australia’s largest provider of veterinary services and pet care retailing. In 2014, GXL acquired Mammoth; the owner of Petbarn and Animates. ABS stats indicate that c. 63% of people now own pets, with c. 60% of those considering their pet a member of the family. This trend is reflected in pet related sales growth of 5% outpacing the broader retail market at 3.5%. The company has a clear strategy to consolidate the fragmented pet care industry. Greencross currently accounts for 8% of the pet retail market and 5% of the vet clinic market. The goal is to grow their market share in both these markets to 20%. At the recent AGM, the company highlighted an acceleration of their roll-out strategy now boasting 221 retail pet stores and 155 vet clinics. Full note attached.


MORE ON



1 topic

Trusted and Confidential Asset Management Advisors

Founded in 2003, Leyland Private Asset Management is an independently owned firm specialising in Australian Stock Market and Fixed Interest Investments for individuals, companies, self-managed super funds, institutions and family offices.

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.