The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSurgical Innovations Share News (SUN)

Share Price Information for Surgical Innovations (SUN)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.50
Bid: 0.40
Ask: 0.60
Change: 0.00 (0.00%)
Spread: 0.20 (50.00%)
Open: 0.50
High: 0.50
Low: 0.50
Prev. Close: 0.50
SUN Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Surgical Innovations returns to profitability in H2

Mon, 23rd Jan 2023 09:09

(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 said revenues for the year ended 31 December were expected to be approximately £11.3m, an increase of more than 20% year-on-year and 6% ahead of pre-pandemic 2019. H2 sales were said to be roughly 10% higher than the first half.

Overall, SI anticipates reporting adjusted underlying earnings of approximately £700,000, in line with market expectations, and to return to overall profitability in the second half, with a modest adjusted pre-tax profit before for the full year.

The AIM-listed group pointed out that the UK had "a strong finish to the year", with new hospital conversions underpinned by the company's sustainability strategy, leading to annual sales for the UK tracking 30% above 2021 and 20% above pre-pandemic levels. OEM sales grew 45% on 2021 and were now close to pre-Covid levels.

"The strong UK sales growth highlighted in Q4 has continued into the current year, with new business wins contributing to year-on-year growth. While the company is mindful that strike action and other winter pressures upon the NHS have the potential to slow down the positive effect of these opportunities in the early part of 2023, the underlying UK business remains strong," said Surgical Innovations.

"The supply chain and people challenges of 2022 still remain but are under better control and it is anticipated that these obstacles will gradually recede through 2023."

As of 1115 GMT, Surgical Innovations shares were trading 8.75% higher at 1.74p.

Reporting by Iain Gilbert at Sharecast.com

More News
4 Sep 2018 15:54

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 5 September Barratt DevelopmentsFull Year ResultsBreedon GroupHalf Year Year 6

Read more
29 Aug 2018 10:51

Surgical Innovations Enters CELLIS Distribution Deal On Certification

LONDON (Alliance News) - Surgical Innovations Group PLC said Wednesday it has entered into a new distribution deal extension after the supplier of reconstruction surgery matrix products secured in

Read more
29 Aug 2018 10:36

Surgical Innovations to restock CELLIS after new CE mark certification

(Sharecast News) - Medical technology designer and manufacturer Surgical Innovations Group updated the market on the 'CELLIS' range of products supplied to its UK distribution business, Elemental Healthcare, by Meccellis Biotech, on Wednesday.

Read more
19 Jun 2018 16:03

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 20 JunePrimorus InvestmentsDeltex MedicalUK Commercial Property Sykes Emerging Europe (re 21

Read more
25 May 2018 10:52

WINNERS & LOSERS SUMMARY: Pennon Flows Smoothly On Strong Performance

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------United up for

Read more
22 Mar 2018 06:11

Indian shares rise ahead of derivatives expiry

* NSE index up 0.15 pct, BSE index 0.21 pct higher * Traders awaiting cues from F&O expiry * Sun Pharma rises on FDA nod By Krishna V Kurup March 22 (Reuters) - on

Read more
6 Mar 2018 16:09

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 7 March Rolls-Royce HoldingsFull Year ResultsPaddy Power BetfairFull Year &

Read more
21 Dec 2016 10:11

Surgical Innovations Converts Loan Notes And Issues Shares (ALLISS)

Read more
7 Nov 2016 08:03

Surgical Innovations buys laparoscopic instruments business

(ShareCast News) - Medical technology manufacturer Surgical Innovations Group has bought a laparoscopic instruments business from Surgical Dynamics for about £360,000, including assumed debt of not greater than £50,000. Durham-based Surgical Dynamics has production processes, including metal injecti

Read more
26 Oct 2016 13:43

Surgical Innovations attains CE mark for YelloPort Elite

(ShareCast News) - Designer and manufacturer of medical technology Surgical Innovations Group announced on Wednesday that its new laparoscopic port access system, YelloPort Elite, has attained CE certification. The AIM-traded firm said YelloPort Elite utilises proprietary 'Resposable' technology to

Read more
26 Oct 2016 07:59

Surgical Innovations Says Yellow Port Elite Gets CE Certification

Read more
27 Jun 2016 09:51

WINNERS & LOSERS SUMMARY: easyJet And Foxtons In Post-Brexit Warnings

Read more
27 Jun 2016 09:15

Surgical Innovations Expects Large Revenue Rise, Improved Gross Margin

Read more
20 Jun 2016 15:02

UK Shareholder Meetings Calendar - Next 7 Days

Read more
27 May 2016 10:37

DIRECTOR DEALINGS: Surgical Innovations Chairman And Non-Executive Buy

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.