A string of major contract wins last year have boosted revenues at Synergy, the Swindon-based healthcare services specialist.
The group, which includes sterilisation business Isotron, achieved underlying revenue growth of 4.4 per cent in the nine months to January 2, despite the impact of the pre-Christmas big freeze across the UK and Northern Europe, it said in an update statement to shareholders
The group provides outsourced support services to health-related markets in the UK and Ireland, Europe and Middle East and Asia and Africa. It said growth in its in decontamination division in the UK and Ireland was 12.4 per cent.
It secured two 15-year health service contracts in Lincolnshire with combined revenues of around £4m a year. In addition, Synergy has been selected as preferred bidder on two other contracts with a combined annual value of £2m.
The bid book for decontamination remains strong with a number of active bids in progress while sterilisation services in the UK and Ireland continue to perform well with year to date growth of 9.2 per cent.
In Europe and Middle East, revenue growth has been supported by a strong performance from sterilisation services, resulting in a year to date growth rate of 14.7 per cent, the group said.
In December Synergy acquired German group Gamma-Service-Produktbestrahlung, which sells gamma and e-beam sterilisation services to the healthcare and industrial sectors. Since acquisition, the business has performed in line with expectations and its integration into the wider Synergy business is proceeding well, the group said.
Synergy’s sterilisation business achieved growth of 11.3 per cent during the third quarter which will help the group achieve it plans to increase capacity with a new gamma facility in France, as well as an expansion of our ETO facility in the Netherlands and further growth in Germany.
Revenue growth in Asia and Africa has remained strong, particularly in Malaysia and South Africa. In China, a market Synergy entered in 2009 by opening a plant in Suzhou, sterilisation processing continues to increase, and opportunities with existing and new customers are expected to support further revenue progression.
“We continue to expand the number of hospitals and healthcare institutions that are provided with decontamination services from China and remain in active dialogue on a number of additional opportunities to provide decontamination services in new locations, both within China and other countries in Asia,” a spokesman said.
Synergy employs 4,000 people worldwide.
