17th Apr 2014 07:28
LONDON (Alliance News) - Synergy Health PLC Thursday saw its shares fall, after it said exchange rate movements and the postponement of surgical procedures due to bad winter weather in Europe and the US meant its revenue was lower than expected in the last quarter.
The company, which provides a range of outsourced health services like medical device sterilisation, infection control, laboratory services and hospital linen, said it had worked hard to improve its operating margin and as a result still expects to report a result in line with its expectations.
It didn't provide any details of the measures it had taken to improve its margin, and didn't give any details of the currency movements that had weighed on its revenue.
The company did say it had won a number of new contracts during the last quarter, and expects to see further growth in its forward order book. It said it will give more details of the new contract wins when it reports its results for the year to end-March on June 4.
Its shares were down 3.1% at 1,210.16 pence early Thursday, the biggest decline on the FTSE 250.
By Steve McGrath; [email protected]; @SteveMcGrath1
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