InvoCare is the silver lining in death's dark cloud.
Narrow moat-rated InvoCare reported a softer-than-expected first-half 2016 result. Top line growth on the previous corresponding period was subdued at 3.1% to AUD 214.5 million. This was driven by lower deaths in all markets and mix shifts in Australia and New Zealand, coupled with a slight decline in market share in Australia and Singapore. A focus on cost management, however, saw EBITDA increase 4.6% to AUD 47.3 million and the margin improve by 30 basis points to 22.0%. Bottom line growth was...Invocare is a provider of services in the funeral industry in Australia, New Zealand and Singapore with smaller operations in Hong Kong and the U.S. Through its associate, Co. provides online memorial services to allow families and communities to celebrate the life of a loved one.
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.
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