Mild Winter and Benign Flu Season Weigh on Invocare’s Near-Term Results, but Outlook Is Improving
Wide-moat rated Invocare reported a soft, albeit well flagged fiscal 2018 result. Operating EBITDA declined by 4% to AUD 119 million, in line with our estimates. Underlying net profit came in at AUD 50 million, below our forecast although this was mainly attributable to higher depreciation and interest expense on the back of the refurbishment program and large number of acquisitions. As cautioned earlier in the year, case numbers were soft during the period, reflecting an unusually low number of...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.