Nanosonics: Interim result 2015

This maker of sterilisation equipment has posted another record half, but the investment case is starting to shift.

Nanosonics’ share price has increased 118% since we introduced the stock with a buy recommendation in Nanosonics builds a better mousetrap on 10 Mar 14 (Speculative Buy – $0.785). The review laid out the big-picture growth story for the business, which makes a device used to sterilise ultrasound probes. Its latest interim result didn’t disappoint.

Sales for the six months to 31 December increased 48% to $14m, mainly due to a 51% increase in sales in the US, showing the benefit of having the world’s largest manufacturer of ultrasound equipment, GE Healthcare, as your distribution partner.

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