HY21 Results: It’s been a strange year for the funeral business with fewer deaths and smaller funerals impacting half year earnings, however that theme is not new and has caused the share price to decline from $18 down to ~$12 today. Todays hald year numbers were better than feared plus the outlook is improving. There was also another bright spot, namely IVC’s expansion into pet cremators with revenue for the half hitting $13.7m & EBIT of $3.6m. Interestingly, the average spend per pet was $332. Shares closed 8.68% higher today.
MM now has IVC on our radar again
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