The information contained
within this announcement is deemed by the Company to constitute
inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by the Market Abuse (Amendment) (EU
Exit) Regulations 2019. Upon the publication of this announcement
via the Regulatory Information Service, this inside information is
now considered to be in the public domain.
Inspiration Healthcare Group
plc
("Inspiration Healthcare", the "Company"
or the "Group")
Trading
update
Inspiration Healthcare Group plc (AIM: IHC),
the global medical technology company pioneering best-in-class,
specialist neonatal intensive care medical devices,
announces a trading update for the year ended 31 January 2024
("FY24").
The Company expects to report revenues for FY24
of £37.0 million, which is below current market expectations. This
mainly relates to a delay to one material export order that was due
to be shipped during the current financial year and is now expected
to be shipped early in FY25. As a result of the timing
difference, net debt is approximately £6.4 million (excluding
IFRS16 lease liabilities) and the Company has sought a covenant
waiver from its lender in respect of the 31 January 2024 covenant
test date. A further announcement will be made in due
course.
For further
information, please contact:
|
Inspiration Healthcare Group plc
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Tel: +44 (0)330 175 0000
|
|
Neil Campbell, Chief Executive
Officer
Alan Olby, Chief Financial
Officer
|
|
|
|
|
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Liberum (Nominated Adviser & Broker)
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Tel: +44 (0)20 3100 2000
|
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Phil Walker
Richard Lindley
Will King
|
|
|
|
|
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Walbrook PR
Ltd (Media and Investor Relations)
|
Tel: +44 (0)20 7933
8780 or
inspirationhealthcare@walbrookpr.com
|
|
Anna Dunphy
|
Mob: +44 (0) 7876 741
001
|
|
Stephanie Cuthbert
|
Mob: +44 (0) 7796 794
663
|
|
Louis Ashe-Jepson
|
Mob: +44 (0) 7747 515
393
|
About Inspiration Healthcare
Inspiration Healthcare (AIM: IHC)
designs, manufactures and markets pioneering medical
technology. Based in the UK, the Company specialises in neonatal
intensive care medical devices, which are addressing a critical
need to help to save the lives and improve the outcomes of
patients, starting with the very first breaths of life.
The Company has a broad portfolio of its own
products and complementary distributed
products, for use in neonatal intensive care designed
to support even the most premature babies throughout their hospital
stay. Its own branded products range from highly sophisticated
capital equipment such as ventilators for life support through to
single-use disposables.
The Company sells its products directly to
hospitals and healthcare providers in the UK and Ireland, where it
also distributes a range of advanced medical technologies for
infusion therapy. In the rest of the world the Company has an
established network of distribution partners around the world
giving access to more than 75 countries.
The Company operates in the UK from its
world-class Manufacturing and Technology Centre in Croydon, South
London and from its facility in Hailsham, East Sussex, and in the
USA from its facility in Melbourne, Florida.
Further information on Inspiration
Healthcare can be found at www.inspirationhealthcaregroup.com