Report
Chris Kallos, CFA
EUR 101.80 For Business Accounts Only

Ebos Group Delivers Another Good Interim Result; Solid and Steady

We reaffirm our NZD 19 per share (AUD 17.50 per share using an Australian dollar/New Zealand dollar exchange rate of 1.09) following another strong first-half performance by Trans-Tasman conglomerate and narrow-moat-rated Ebos Group. Ebos impressed with an underlying net profit after tax, or NPAT, of NZD 76.7 million on group revenue of NZD 3,942.7 million, up 5.5% and down 3.8%, respectively, compared with the previous corresponding period, or pcp, in constant currency terms, reflecting an impr...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chris Kallos, CFA

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