Last checked at 11 Aug 2021 07:00
Inspiration Healthcare Group plc
("Inspiration Healthcare", the "Company" or the "Group")
Trading Update
Inspiration Healthcare Group plc (AIM:IHC), the global medical technology company, is pleased to give a trading update for the six months ended 31 July 2021.
As we outlined recently in our Annual General Meeting statement, the Group has started the financial year well and remains in line to meet management expectations, with a strong order book and the Group increasingly enjoying the gains from integrating its operations with those of S.L.E resulting in revenues approximately 47% ahead of the equivalent period last year.
Across the Group we are seeing growth and new opportunities, we continue to have a growing level of interest in the S.L.E. range of ventilation products from all over the world as seen by the orders recently received from China as well as for our Viomedex branded disposable respiratory products, which are being introduced through our expanded distribution network.
We are also making progress with our relocation project, although some delays have inevitably been incurred due to the well-publicised issues around availability of resources in the construction industry. Our current plan is to move into our new sites in Croydon and Hailsham in spring 2022 in order to not cause disruption to production as we approach the financial year end.
Neil Campbell, Chief Executive Officer, commented, "We are extremely pleased with the way that our companies have come together over the past 12 months, the on-going integration bringing synergies and operational efficiencies are being ever more realised. With progress being made in many other areas of our business we look forward to the second half with optimism."
The Group expects to announce its Interim Results for the six months ended 30 June 2021 in early October 2021.
This announcement contains inside information for the purposes on Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Enquiries:
Inspiration Healthcare Group plc Neil Campbell, Chief Executive Officer Jon Ballard, Chief Financial Officer | Tel: 01455 840555
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Nominated Adviser & Broker Cenkos Securities plc Mark Connelly Stephen Keys | Tel: 0207 397 8900
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Cadogan PR Alex Walters alex.walters@cadoganpr.com | Tel: 07771 713608 |
About Inspiration Healthcare Group
www.inspirationhealthcaregroup.plc.uk
Inspiration Healthcare (AIM: IHC) is a global provider of medical technology for use in critical care & operating theatres. The Company provides high-quality, innovative products to patients around the world which help to improve patient outcomes, and it actively invests in innovative product opportunities and disruptive technologies.
The Group currently consists of three companies: Inspiration Healthcare Ltd, SLE Ltd and Viomedex Ltd and under these brands the Group sells neonatal intensive care and operating theatre equipment around the work through a network of distributors into over 75 countries. Products range from highly sophisticated capital equipment through to single use disposables all that can help improve outcomes of extremely sick patients.
In the UK and Ireland the Group offers direct sales for most of its products supported by Technical Service offering on site and return to base repair and maintenance along with 24/7 emergency hire of equipment and long term lease arrangements for its own brand products. The Group also acts as a distributor for 3rd party companies that wish to access the NHS using the Group's sales and service expertise and knowledge of the NHS
The Group invests in growth through Research and Development holding numerous patents on its technology and has strong links with academic Key Opinion Leaders around the world and supports clinical research in the field of neonatal intensive care.
Further information on Inspiration Healthcare Group plc can be seen at www.inspirationhealthcaregroup.plc.uk