EKF Diagnostics Holdings plc

Equities

EKF

GB0031509804

Advanced Medical Equipment & Technology

Delayed London S.E. Other stock markets 05:06:44 2024-04-25 am EDT			5-day change	1st Jan Change
28.26 ^GBX	+1.85%		+3.15%	-10.70%

Apr. 11	Onward Opportunities' small-cap strategy yields solid results in 2023	AN
Mar. 20	EKF Diagnostics says prospects "promising" but pauses dividends	AN

Ekf Diagnostics : Half Yearly Report

September 11, 2017 at 04:09 am EDT

EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed point-of-care business, announces its unaudited interim results for the six months ended 30 June 2017.

Financial Highlights

Revenue up 22.8% to £21.50m (H1 2016: £17.51m)
Gross profit up 40.6% to £11.84m (H1 2016: £8.42m)
Adjusted EBITDA* up 126.7% to £4.58m (H1 2016: £2.02m)
Cash generated from operations of £5.07m (H1 2016: £1.35m).
Net cash £4.44m (30 June 2016: net debt of £4.28m), (31 December 2016: net cash of £2.16m)

* Before exceptional items and share based payments

Operational Highlights

Streamlined the Group successfully reducing the cost base
Poland manufacturing facility closed and business transferred to the factory in Barleben, Germany
- The company has 7 sites in total, from a peak of 12
Improved performance across every business area due to organic growth
Sold 7,496 analysers and c.34m tests during the first half of 2017
Investment in enzyme manufacturing technology at EKF Life Sciences, USA.

Commenting on outlook, Christopher Mills, Non-Executive Chairman of EKF, said:

'By following the business plan we set out of simplifying and streamlining the company, the Board is pleased to report continued good progress in the first half of 2017, illustrated by improved performance across every business area. It remains the Board's intention to tightly control costs and therefore the Board is comfortable that current trading is in line with management expectations for 2017.'

Enquiries:

EKF Diagnostics Holdings plc

Julian Baines, CEO

Richard Evans, FD & COO

www.ekfdiagnostics.com
Tel: +44 (0) 29 2071 0570

Mob: +44 (0) 7788 420 859

Mob: +49 (0) 1603 519 054

N+1 Singer (Nomad & Broker)
Alex Price / Alex Laughton-Scott

Tel: 020 7496 3000

Walbrook PR Limited
Paul McManus
Lianne Cawthorne

Tel: +44 (0) 20 7933 8780 or ekf@walbrookpr.com
Mob: 07980 541 893 / 07584 391 303

EKF Diagnostics Holdings plc published this content on 11 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 September 2017 08:08:02 UTC.

Original documenthttps://www.ekfdiagnostics.com/half-yearly-report1.html

Public permalinkhttp://www.publicnow.com/view/11C7F277018A06BC0A622B44E2CB868D81A0EF35

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Company Profile

EKF Diagnostics Holdings plc is a United Kingdom-based diagnostics company. The Company is engaged in point-of-care testing, central laboratory tests, enzyme manufacturing and the provision of contract manufacturing services to the healthcare industry. Its principal activity is the development, manufacture and supply of products into the in-vitro diagnostics marketplace. Its point of care analyzers is designed for use within doctors' surgeries, clinics, blood banks and hospital and private laboratories to provide results. Its life sciences specialize in producing enzymes and contracted custom products for use in medical diagnostics, pharmaceuticals and industry. Its life science facilities are based in two locations in Indiana, United States. Its central laboratory division manufactures a spectrum of reagents for use in hospital laboratories. Its contract manufacturing business provides specialized services to the diagnostics and healthcare industries for the production of custom kits.

Sector

Advanced Medical Equipment & Technology

Calendar

2024-05-14 - Annual General Meeting

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