Medical sterilisation company, Synergy Health, has reported a 3.5% increase in revenue year-on-year, up to £79.3m in it latest trading update.
The Swindon-based company also reported that adjusted operating margins had improved by 220 basis points to 16.7%.
Underlying revenue, excluding currency effects, was £81.7m, 6.6% above last year. Organic underlying revenue growth, which also excludes the impact of acquisitions, was 2.4% and was impacted by extended public holidays in the UK together with continued price deflation in the Dutch linen business. Organic growth in the sterilisation businesses was 8.4%.
The company said trading has been in line with the Board's expectations for the first quarter. Headline growth has been held back by currency translation with the devaluation of the Euro, but margins have improved further during this quarter, offsetting the impact of slower reported revenue growth.
