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Highlights
- SHL’s FY24 marked a transition year, with COVID-related revenue and earnings dropping by 87%.
- SHL is implementing cost-control measures and fee indexation in key markets, targeting margin expansion.
- The company forecasts EBITDA of AUD 1.70–1.75 billion for FY25, a 10% increase.
- SHL’s 52-week high is AUD 32.57, and its 52-week low is AUD 23.58.
Sonic Healthcare Limited (ASX:SHL) offers laboratory medicine/ pathology, primary care medical and radiology services across North America, Europe and Australasia. The financial year 2024 (FY24) marked the year of transition for SHL as the company witnessed a reduction in the impacts of the pandemic on business, as COVID-related earnings and revenue plunged by 87%.
Meanwhile, in FY24 the company recorded 16% YoY rise in base business revenue, to AUD 8,905 million. During the period, EBITDA dropped by 6% YoY to AUD 1,602 million and net profit decreased by 25% YoY to AUD 511 million.
Currently, SHL is witnessing organic revenue growth in its base business, driven by stringent cost-control measures to support margin expansion. Additionally, annual fee indexation in several markets and contracts—such as the UK, Belgium, radiology, Australian pathology, and SCS—is contributing positively to the company's financial performance. SHL is also focusing on optimising fees in areas where pricing can be negotiated or set.
Looking ahead, SHL is forecasting an EBITDA of AUD 1.70–1.75 billion for FY25, representing a 10% increase over FY24.
Top 10 shareholders of SHL
The top 10 shareholders of SHL have ~24.86% shareholding in the firm. The Vanguard Group, Inc. and State Street Global Advisors Australia Ltd. hold maximum stake in the company with a shareholding of ~5.01% and ~4.74%, respectively.
Share performance of SHL
SHL shares closed 0.63% higher at AUD 27.21 apiece on 2 October 2024 with a market cap of AUD 12.99 billion. In the past one year, SHL’s share price has dropped by almost 6.78%, while in the past three months, it has recorded a rise of 6.79%.
52-week high of SHL is AUD 32.57, recorded on 15 February 2024, and 52-week low is AUD 23.58, recorded on 21 May 2024.

SHL Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 02 October 2024. The reference data in this report has been partly sourced from EODHD/Others.






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