Ramsay (ASX:RHC) outlook mixed at the result
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Ramsay Health Care (ASX:RHC) $54.40 as at 30/08/2018Event
Hospital owner/operator Ramsay (ASX:RHC) has been sold off today despite what appears to be a solid result with reasonable, if not messy guidance. The result was broadly in line with expectations, although they beat on the EBITDA line which was largely driven by margin expansion in the Australian business – once again the best segment for Ramsay, growing revenues by 5% but EBITDA +12% over the year.
Guidance for FY19 flagging a higher than usual tax hit and increasing interest was mixed with core EPS guided to 2% growth while the market was looking for a mid-single digit uplift. However, stripping out the tax and interest components, EBITDA growth as guided to 4-6% with the market currently placed at the lower end of 4%.
Ramsay Health Care (RHC) Chart
