Business
Revenue and Profit Upgrade
Revenue and Profit Upgrade.
About this update from Inspiration Healthcare Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6776M\n Inspiration Healthcare Group PLC\n 25 January 2021\n \n \n \n \n \n \n \n Inspiration Healthcare Group plc\n \n \n (\"Inspiration Healthcare\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Revenue and Profit Upgrade\n \n \n \n \n \n Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company, is pleased to announce that it has continued to experience strong momentum since publishing its half year results in October 2020, that Group revenues and EBITDA for the financial year ending 31 January 2021 will exceed current market expectations and that the Group expects to report turnover of not less than £36.5 million and EBITDA1 of not less than £4.9 million.\n \n \n The key driver for this increase in revenues and profits has been the strong performance achieved by S.L.E. Limited, the leading designer and manufacturer of ventilators for neonatal intensive care which was acquired by Inspiration Healthcare in July 2020 and which has seen sales increase steadily during the period of its integration into the Group. Additionally, operational efficiencies already identified through the integration process have started to be achieved.\n \n \n Neil Campbell, Chief Executive Officer, commented: \"I am delighted to announce this increase in revenues and profits, which has been achieved in a very tough environment and so clearly demonstrates the quality of our products and services as well as the level of commitment that all our teams have dedicated to driving forward the growth of the Company this year. We remain very well placed for the future with a strong balance sheet and many opportunities for continued growth and we look forward with confidence.\"\n \n \n 1 Earnings before interest, tax, depreciation, amortisation, share based payments and exceptional items.\n \n \n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n Enquiries:\n \n \n \n \n \n Inspiration Healthcare Group plc\n \n \n Neil Campbell, Chief Executive Officer\n \n \n Jon Ballard, Chief Financial Officer\n \n \n \n \n Tel: 01455 840555\n \n \n ...