Pacific Smiles Group Ltd
ASX:PSQ
Pacific Smiles Group Ltd
Pacific Smiles Group Ltd. engages in the development and operation of dental centers. The firm owns and operates the Pacific Smiles Dental Care Centers and the nib Dental Care Centers which are located throughout Australian Capital Territory, New South Wales, Victoria, and Queensland. The firm provides dentists with fully serviced and equipped facilities including support staff, materials, marketing and administrative services. The firm operates approximately 100 plus dental centers. The firm's Dental Center Networks are located in Belconnen , Gungahlin and Tuggeranong in Australian Capital Territory (ACT); Ashfield and Balgowlah in New South Wales; Caroline Springs and Chirnside Park in Victoria and Birtinya , Bribie Island and Capalaba in Queensland.
Pacific Smiles Group Ltd. engages in the development and operation of dental centers. The firm owns and operates the Pacific Smiles Dental Care Centers and the nib Dental Care Centers which are located throughout Australian Capital Territory, New South Wales, Victoria, and Queensland. The firm provides dentists with fully serviced and equipped facilities including support staff, materials, marketing and administrative services. The firm operates approximately 100 plus dental centers. The firm's Dental Center Networks are located in Belconnen , Gungahlin and Tuggeranong in Australian Capital Territory (ACT); Ashfield and Balgowlah in New South Wales; Caroline Springs and Chirnside Park in Victoria and Birtinya , Bribie Island and Capalaba in Queensland.
Revenue Growth: Revenue rose 16.9% to $122.2 million for FY19, reflecting strong top line momentum.
Patient Fees: Patient fees reached $187.4 million, up 13.9%, with 8.6% same center growth, a notable acceleration.
EBITDA Performance: Underlying EBITDA increased 6% to $22.8 million, slightly above interim guidance.
Profit and Margins: Underlying NPAT fell 3.5% to $8.9 million, with margin dilution from new centers and higher costs.
Dividend: Full year dividend was $0.058 per share, down from $0.061, maintaining a high payout ratio.
Network Expansion: 10 new dental centers opened, bringing the total to 89 centers and 545 dentists.
FY20 Guidance: Management expects high single-digit same center patient fee growth, 7–10 new centers, and EBITDA growth of 6% to 12%.
