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Pin to quick picksEkf Diagnostics Share News (EKF)

Share Price Information for Ekf Diagnostics (EKF)

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EKF Diagnostics Says Annual Performance To Be Ahead Of Expectations

Mon, 09th Nov 2020 11:57

(Alliance News) - EKF Diagnostics Holdings PLC on Monday forecast full-year earnings ahead of expectations and also ahead of the year prior.

The healthcare products manufacturer said as a result of its strong performance in October combined with expected orders for the rest of the year, it expects to deliver 2020 revenue of GBP60 million and adjusted earnings before interest, tax, depreciation and amortisation of GBP23 million.

For comparison, for 2019, EKF Diagnostics posted revenue of GBP44.9 million and adjusted ebitda of GBP12.0 million.

The company attributes its positive performance and confident outlook 2020 to "significantly-improved" trading in its core business in the final quarter, along with continued orders for the PrimeStore MTM Covid-19 sample collection device.

Shares in EKF Diagnostics were trading 0.1% lower at 77.45 pence each on Monday in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
20 Mar 2024 12:04

EKF Diagnostics revenues, gross profits fall as expected

(Sharecast News) - EKF Diagnostics reported revenue of £52.6m in its final results on Wednesday, aligning with market projections, although lower than the prior year's figure of £66.6m.

Read more
20 Mar 2024 11:16

EKF Diagnostics says prospects "promising" but pauses dividends

(Alliance News) - EKF Diagnostics Holdings PLC on Wednesday said it swung to profit in its latest year despite revenue falling.

Read more
13 Mar 2024 14:47

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
29 Jan 2024 18:37

IN BRIEF: EKF Diagnostics reports trading in line with expectations

EKF Diagnostics Holdings PLC - Cardiff-headquartered medical diagnostics company - Trading update to December 31. Expects to report full-year revenue and adjusted earnings before interest, tax, depreciation and amortisation in-line with management expectations. This reflects continued steady growth from the Point-of-Care division and β-HB sales. Reports good progress continues to be made in the Life Sciences division's fermentation capacity expansion. Full-year results will be released late-March.

Read more
11 Jan 2024 15:11

Director dealings: EKF Diagnostics director raises stake

(Sharecast News) - EKF Diagnostics revealed on Thursday that non-executive director Christopher Mills had acquired 100,000 shares in the AIM-listed global diagnostics business.

Read more
26 Sep 2023 14:29

EARNINGS: FireAngel Safety interim loss widens amid ongoing headwinds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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19 Sep 2023 15:52

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Read more
12 Sep 2023 13:57

EKF Diagnostics hires CFO from Trellus Health, latter names successor

(Alliance News) - EKF Diagnostics Holdings PLC on Tuesday said it appointed Trellus Health PLC Interim Chief Financial Officer Stephen Young as its own finance chief, effective immediately.

Read more
12 Sep 2023 09:13

EKF Diagnostics cuts guidance after installation delays

(Sharecast News) - Shares in EKF Diagnostics fell on Tuesday morning after the medical diagnostic products manufacturer warned that increasing its fermentation capacity is taking longer than planned, and will result in a slower-than-expected acceleration in revenue growth over the medium term.

Read more
26 Jul 2023 19:35

TRADING UPDATES: Revolution Bars reports good progress from Peach Pubs

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
28 Jun 2023 11:07

EKF Diagnostics says CFO Davies resigns to pursue other opportunities

(Alliance News) - EKF Diagnostics Holdings PLC said on Wednesday that Chief Financial Officer Mark Davies will be standing down from his role in order to pursue other opportunities.

Read more
20 Jun 2023 15:24

EKF completes factory acceptance testing for huge new fermenter

(Sharecast News) - EKF Diagnostics announced the successful completion of factory acceptance testing for its life sciences division's latest addition on Tuesday - a 14,500-litre enzyme fermenter.

Read more
20 Jun 2023 12:00

IN BRIEF: EKF Diagnostics announces enzyme fermenter progress

EKF Diagnostics Holdings PLC - Penarth, Wales-based diagnostics company - Says its Life Sciences division's new 14,500 litre enzyme fermenter has successfully completed factory acceptance testing. Notes it will be the largest fermenter in its capacity expansion programme. Says fermenter is scheduled for delivery in June and its installation will be completed in the third quarter of 2023. Adds validation processes have begun for the new 65L, 300L, 1,500L and 3,000L fermenters at its South Bend facility in Indiana.

Read more
17 May 2023 17:26

IN BRIEF: EKF Diagnostics reports trading in line with expectations

EKF Diagnostics Holdings PLC - Penarth, Wales-based diagnostics company - Chair Julian Baines notes an "encouraging" set of results for 2022 in his annual general meeting statement, with revenue in-line with market expectations thanks to "strong" growth in its Point of Care and Life Sciences businesses. Adds that trading in the first quarter of 2023 has also been in-line with expectations. Says that with the anticipated contribution from its expanded Life Sciences capacity coming online over the second half of the year, it expects its financial performance to be more second-half-weighted in 2023 than it has been historically. Expects continued growth from its "razor, razor blade" consumable model in Point of Care to add to the positive momentum."

Read more
17 May 2023 15:46

EKF Diagnostics trading well as it progresses fermentation investment

(Sharecast News) - EKF Diagnostics reported first-quarter trading that met expectations in an update on Wednesday, following the strong growth of its point-of-care and life sciences businesses in 2022.

Read more

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