Surgical Innovations Share News (SUN)

IN BRIEF: Surgical Innovations says Glenn becomes chair later this year

Surgical Innovations Group PLC - Leeds, England-based surgical & medical instrument manufacturer - Names Jonathan Glenn as senior independent non-executive director and chair-designate with immediate effect. Says Glenn has track record in the medical device sector. He currently is non-executive chair of medical device company Tissue Regenix PLC and formerly was chief executive officer of drug delivery devices supplier Consort Medical PLC from 2007 to 2020. Says Glenn will succeed Nigel Rogers as chair upon announcement of interim results in September.

IN BRIEF: Surgical Innovations shares up as annual loss narrows

Surgical Innovations Group PLC - Leeds, England-based surgical & medical instrument manufacturer - Posts revenue of GBP11.3 million for 2022, up 24% from GBP9.1 million in 2021. Pretax loss narrows to GBP57,000 from GBP585,000. Swings to an operating profit of GBP41,000 from a loss of GBP455,000 a year earlier. Adjusted earnings before interest, tax, depreciation and amortisation is GBP700,000, up from GBP500,000 in 2021. Surgical notes strong sales in UK, Japan and key European markets. Looking ahead, says revenue in the current year to date for SI brand and Distribution sales are 9.2% ahead of the corresponding period last year. Expects to continue to trade profitably at the level of adjusted Ebitda, supported by the continual investment in operations during 2023.

UK earnings, trading statements calendar - next 7 days

Surgical Innovations warns NHS strikes may slow new business in 2023

(Alliance News) - Surgical Innovations Group PLC on Monday said revenue grew in 2022 on the back of original equipment manufacturer sales, while earnings was were up despite inflationary pressures on cost and strikes against the UK National Health Service.

Surgical Innovations returns to profitability in H2

(Sharecast News) - Surgery technology group Surgical Innovations said on Monday that it had seen a "significant improvement" in sales and a return to profitability in the second half of the trading year.

Surgical Innovations shares rise as revenue grows on strong demand

(Alliance News) - Surgical Innovations Group PLC on Wednesday said that revenue had grown significantly in its half year report, driven by strong demand in the UK and Asia.

AIM WINNERS & LOSERS: City Pub rises on profit swing; LBG Media falls

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Surgical Innovations shares rise on strong interim trading

Surgical Innovations Group PLC - Leeds, England-based surgical and medical instrument manufacturer - Says the strong trading seen in the final quarter of 2021 has continued into the first half of 2022. Revenue for the six months to June 30 is expected 22% above the same period last year. Company is confident in delivering full-year results in line with expectations as a result of strong UK market demand, above pre-pandemic levels.

UK shareholder meetings calendar - next 7 days

EARNINGS UPDATES: Surgical Innovations and KRM22 narrow loss in 2021

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

TRADING UPDATES: Kavango eyes acquisition; PYX ups zicron price

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Surgical Innovations launches new port access system

(Sharecast News) - Medical technology developer Surgical Innovations Group announced the launch of 'YelloPort Elite 5mm' on Monday - a new surgical port access system developed in partnership with CMR Surgical.

TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

TRADING UPDATES: Inland's Hillingdon boost; Yooma products at Boots

EXECUTIVE CHANGES: Halma hires non-exec; Diurnal names new chair

EXECUTIVE CHANGES: Halma hires non-exec; Diurnal names new chair