PSQ pacific smiles group limited
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News: PSQ Pacific Smiles says trading has been softer than expected in April and May

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    30/05/17
    08:50
    Post #: 24982164

    May 30 (Reuters) - Pacific Smiles Group Ltd (PSQ)

    • trading has been softer than expected in April and May
    • fy2017 new centre openings are expected to total 12 compared to guidance of at least 10
    • "each additional new centre is dilutive to ebitda in first 6 months of operation"
    • sees fy17 ebitda (underlying) at $20.4m - $21.0m
    • PSQ opened 4 new centres in 1h17 and expects to open a further 8 in 2h17, including 1 nib dental care centre in june
    • PSQ's new centre rollout plans remain on track.
    • sees fy18 patient fee growth of 10% - 15% and ebitda growth of approximately 10%
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