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Synergy Healthcare - Q1 sales up 30%

September 2008

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.

  • Epic Code:
  • SYR
  • Price:
  • 840p
Synergy Healthcare, which provides sterilisation of surgical instruments, has announced another rosy trading update for the first quarter to end June, with sales rising almost 30% to £66.2m (15% excluding acquisitions). On a region-by-region basis, the UK enjoyed 39% sales growth, with 20% each for Rest of Europe and the fledgling Asia side.  There's not a lot of new news to report other than a reiteration of its plan to lift growth rates by adding capacity to its commercial sterilisation business. The other highlight was that Synergy  signed up three hospitals in China to ten-year contracts. Synergy remains a well-run business with excellent growth prospects and a large order book. ...

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