Sonic Healthcare Limited (ASX:SHL) Reports H1 2024 Results
Financial Performance
Sonic Healthcare Limited reported a revenue of $4.67 billion for the half year ended 31 December 2024, marking an 8.4% increase year-on-year. The profit after tax attributable to members reached $236.7 million, up by 17.0%. EBITDA grew by 12.3%, reflecting strong operational performance and margin expansion.
Dividend Declaration
The company declared an interim dividend of 44 cents per share, a 2.3% increase from the previous 43 cents. The dividend is set to be paid on 20 March 2025, with a record date of 6 March 2025. The Dividend Reinvestment Plan remains suspended for this dividend.
Operational Highlights
Sonic Healthcare achieved a strong organic revenue growth of 6.1%, driven by significant performance in its Australian, German, and UK laboratory businesses. The company also increased its EBITDA margin by 60 basis points, and further 90 basis points excluding recent acquisitions.
Future Outlook
The company is on track to meet its full-year earnings guidance provided in August 2024. Additionally, Sonic Healthcare announced the upcoming acquisition of LADR Laboratory Group in Germany, expected to complete by 1 July 2025.
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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