Dechra, Koovs and Wizz Air

“The FTSE 100 was virtually flat in early trading as investors awaited a string of UK, US and Euro-zone purchasing managers' index data and mulled the Brexit warnings that UK prime minister Theresa May received from both the US and Japan at the G20 meeting,” says AJ Bell Investment Director Russ Mould.

International veterinary pharmaceutical group Dechra is accelerating its global growth strategy which will mitigate any uncertainty following the Brexit vote. Dechra’s business is naturally hedged by its geographical spread and international sourcing giving it protection should there be a significant downturn in the UK economy. Dechra has continued to implement its strategic objectives and made considerable investment in its infrastructure, people, product development and acquisitions during the past year. This had an effect on margins but the fall to 21.4% from 21.8% was less pronounced than market forecasts.

Koovs continues to outperform India’s rapidly expanding online fashion market with sales up 115% in the four months to the end of July. Koovs is reaping results from its investment in marketing with its brand awareness increasing from around 1% to 18%. Koovs now has 1.2 million registered users and 1.7 million social media registered followers which gives it a strong platform from which to build brand affinity and customer loyalty.

Wizz Air passenger numbers rose by 16.6% in August but as the group increased capacity to 2.496 million seats, the load factor fell slightly by 0.3 percentage points to 93.0%. The group’s figures were better on a rolling 12-month basis with the load factor rising by 1.1 percentage points to 88.5% as the 19.8% growth in passenger numbers outstripped the 18.3% increase in capacity.

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