4th Feb 2015 07:26
LONDON (Alliance News) - Synergy Health PLC on Wednesday said it is trading in line with its expectations for the year on the back of a rise in revenue in the first nine months.
The FTSE 250-listed company, which provides outsourced support services to healthcare-related markets, said its revenue for the first nine months of its financial year to December 28 was up 5.7% to GBP303.1 million. It said its revenue was held back in part by sterling strength, with constant currency revenue for the period up 9.6%.
Applied Sterilisation Technologies revenue rose by 13.5% in the nine months, while Hospital Sterilisation Services revenue increased 6.7%. Healthcare Solutions revenue was lower for the nine months, however, down 5.3%.
The company said its operating margin for the year is around 50 basis points higher than in the comparable period last year.
It said its trading is in line with its expectations for the full year.
By Sam Unsted; [email protected]; @SamUAtAlliance
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