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BRIEF-Pacific Smiles says trading has been softer than expected in April and May

Published 30/05/2017, 08:49 am
© Reuters.  BRIEF-Pacific Smiles says trading has been softer than expected in April and May
PSQ
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May 30 (Reuters) - Pacific Smiles Group Ltd PSQ.AX

* 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% Source text for Eikon: ID:nASX9zz03n Further company coverage: PSQ.AX

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