Invocare’s Refurbishment Program More Disruptive Than Expected; FVE Cut by 6% to AUD 15.50 per Share
Invocare’s ongoing transformation program, "Protect and Grow 2020", is proving more disruptive than we previously expected. The temporary store closures, a fallout from the refurbishment program, are likely to have a greater impact on sales. Consequently, fiscal 2018 operating EBITDA is now expected to be in line with fiscal 2017, versus previous guidance of low-single-digit growth. EPS is also now expected to decline by low single digits, instead of remaining flat as per the guidance provided a...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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