LONDON (Alliance News) - Ultrasound training simulators provider MedaPhor Group PLC on Tuesday said its sales are set to miss market expectations for the full year, though will still rise against 2014.
The company said that while its order pipeline remains strong, all the prospective sales it had expected to book in 2015 will not be completed. As a result, MedaPhor said it thinks market expectations for its order intake this year will need to be revised lower, with sales to be around GBP2.1 million to GBP2.5 million. That would compared to GBP1.8 million in sales for 2014.
MedaPhor said its invoiced sales to the end of November hit GBP2.0 million, up 48% year-on-year and said it has made good progress in building its distribution network, giving it confidence in its outlook.
Shares in MedaPhor were untraded on Tuesday, having last traded at 56.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
