Abano expects 2019 margin squeeze as investment accelerates, Australia struggles

Tue, 09 Oct 2018

By Paul McBeth Oct. 9 (BusinessDesk) - Abano Healthcare predicts 2019 margins will get squeezed as it speeds up plans to acquire new dental practices while business across the Tasman still struggles. Chief executive Richard Keys told shareholders at today's annual meeting he expects a short-term impact on gross margins and earnings per share as Abano scales up the dental business at a faster pace, while contending with a softer start to the year. The company's Lumino brand in New Zealand registered same-store sales growth of 1.2 perc...

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