H1 growth was solid, although the recovery in LatAm was offset by delays to European orders due to distributor restructuring and challenging market conditions in the US (expected to reverse through H2). Meanwhile strong cash generation and a special dividend of 3.5p/share, in addition to a 20% underlying YoY dividend increase, provide strong investment appeal. We continue to view ECO Animal Health as a core holding in the Animal Health sector, with a solid balance sheet, a positive outlook for A ....
10 Dec 2018
Strong cash generation drives dividend increase
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Strong cash generation drives dividend increase
ECO Animal Health Group plc (EAH:LON) | 94.0 0 0.0% | Mkt Cap: 63.7m
- Published:
10 Dec 2018 -
Author:
Jens Lindqvist -
Pages:
3
H1 growth was solid, although the recovery in LatAm was offset by delays to European orders due to distributor restructuring and challenging market conditions in the US (expected to reverse through H2). Meanwhile strong cash generation and a special dividend of 3.5p/share, in addition to a 20% underlying YoY dividend increase, provide strong investment appeal. We continue to view ECO Animal Health as a core holding in the Animal Health sector, with a solid balance sheet, a positive outlook for A ....