Virtus warns on growth

Virtus has lost market share in its key state, but there's still a lot to like about the IVF provider.

IVF provider Virtus Health’s share price fell almost 20% today after it lowered its full-year profit forecast from growth in the ‘low to mid-teens’ to ‘low to mid-single digits’. The company outlined three reasons: weak volume growth in Victoria, Queensland and the company’s small Singapore clinic; the temporary closure of its Maroubra clinic at the end of April due to storm damage, with consulting activity not expected to return to normal until August; and, most importantly, a loss of market share in NSW, where the company had a market share of 45% at the end of December.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles