FY2014 Network Expansion
- Greencross opened 21 stores in FY2014, increasing its total store numbers to 135
- Greencross acquired a further 42 stores in July 2014 following completion of the acquisition of City Farmers
- In FY2015 YTD, Greencross has established a further 5 stores in Kawana Waters (QLD –co-location), Albury (NSW), Harrisdale(WA)1, Noarlunga (SA) and Pukekohe (NZ)
- Greencross made 18 vet acquisitions in FY2014
- Since Greencross’ previous trading update on 16 June 2014, Greencross has acquired 8 further clinics at Cairns (QLD)2, KippaRing (QLD), West Wollongong (NSW), Blue Mountains (NSW)2, Macedon Ranges (VIC) and South Melbourne (VIC)
- These acquisitions cost $5.9 million and are expected to contribute annualised revenue of $6.9 million and annualised EBITDA of $1.4 million
- Significant store and vet runway remains and co-location opportunities expand the opportunity set.
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