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Spire Healthcare Earnings To Meet Expectations As Debt Level Falls

Thu, 16th Jan 2020 09:57

(Alliance News) - Hospital group Spire Healthcare Group PLC on Thursday said it expects its 2019 earnings to be in line with consensus and board expectations.

Adjusted earnings before interest, taxes, depreciation and amortisation is set to be in line with market expectations and internal guidance.

Its full-year numbers, due to be released on March 5, will also show a lower net debt position.

Net bank debt is expected to be roughly GBP330 million, trimmed from GBP372.7 million last year.

Spire said: "The group made good progress in 2019 with positive momentum in sales growth, particularly private revenues."

Spire shares were 2.5% higher at 142.40 pence each in London on Thursday morning.

By Eric Cunha; ericcunha@alliancenews.com

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