Australia's Sonic Healthcare reverses early losses on FY25 forecast

Sonic Healthcare

22/08/2024 02:04

** Shares of Sonic Healthcare  SHL.AX  rise as much as 1.6%
to A$28.150, reversing early losses
    ** Healthcare services provider sees FY25 EBITDA in a range
of A$1.70 bln ($1.15 bln) to A$1.75 bln on a constant currency
basis 
    ** Forecast in line with Visible Alpha consensus of A$1.72
bln, according to analysts at Citi
    ** Sonic Healthcare reports lower underlying FY24 EBITDA of
A$1.63 bln, compared with A$1.71 bln in pcp
    ** Says inflationary pressures impacted FY24 results
    ** Stock down 13.6% this year, as of last close

($1 = 1.4828 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))