Inspiration Healthcare Group PLC – IHC – Trading Update

Inspiration Healthcare Group PLC – IHC – 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.

No Comments

Post a Comment