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Synergy Healthcare

March 2009

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

After its shock profit warning three months ago Synergy has unveiled no further setbacks in its third quarter update. Sales in Q3 advanced 15% to Â£67.9m, while in the first nine months of the current year they increased almost 25% to Â£201m, in line with expectations. Post the Q2 setback Synergy has reassured that group margins (which had been most affected in decontamination services) are still expected to recover by autumn this year. Importantly, Synergy has won new contracts worth an annualised Â£6.5m in both linen and decontamination services, while it remains on track to open new facilities over the next few months in Ireland, China and North West England.Net borrowings rose slightly from Â£153m to Â£167m although thi ...

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Synergy Healthcare

March 2009

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