EKF Diagnostics tumbles; CEO steps down from role
06/02/2023 09:27
** Shares of medical diagnostic service provider EKF
Diagnostics Holdings Plc EKF.L plunges as much as 25.4% to a
near three-year low of 29.3p
** Stock among top pct losers across London stocks
** Co says CEO Mike Salter to step down from role and remain
as a member of management team
** Deputy non-executive chairman Julian Baines to assume CEO
role for short term; co says board has begun search for new CEO
** Sees FY adjusted core profit to be slightly below market
expectations due to underperformance in their contract
manufacturing and laboratory testing businesses
** Anticipates recognition of exceptional costs in 2022 but
expects to benefit from further cost reductions and
restructuring measures in 2023
** Up to last close, stock has fallen 21.5% YTD, after
shedding 33.5% in 2022
(Reporting by Raechel Thankam Job)
((RaechelThankam.Job@thomsonreuters.com;))