EMIS Group PLC Trading Update and Notice of Half Year Results (9799E)
13 Julio 2021 - 1:00AM
UK Regulatory
TIDMEMIS
RNS Number : 9799E
EMIS Group PLC
13 July 2021
13 July 2021
EMIS Group plc
("EMIS Group" or "the Group")
Trading update
Notice of half year results
EMIS Group plc (AIM: EMIS.L), the UK leader in connected
healthcare software and systems, today announces a trading update
for the six months ended 30 June 2021.
Overview
Trading for the half year has been slightly ahead of the Board's
expectations, with a return to business as usual despite the
continuing challenges of the pandemic. Both revenue and adjusted
operating profit are ahead of the comparative period last year and
in 2019.
Divisional review
In EMIS Health, the Group is delivering against the requirements
of the GP IT Futures contract while continuing to invest in its
technology roadmap. The revenue mix in the division reflected a
more normalised trading period, with a higher proportion of
non-hardware and connectivity tools' revenues than the comparative
period last year.
In EMIS Enterprise , the Group continues to execute in the areas
of patient-facing services, analytics and pharmacy, most notably
supporting the NHS Covid-19 vaccination programme through its
Pinnacle software. The division has seen double digit growth in
both recurring and non-recurring revenues in the first half.
Financial position
The Group retains a strong balance sheet position with net cash
at 30 June 2021 of GBP48.0m (30 June 2020: GBP44.1m), with a first
half working capital outflow including the settlement of the
GBP7.3m VAT payment deferred a year previously.
Notice of half year results
The Group intends to announce its results for the half year
ended 30 June 2021 on Thursday 9 September 2021.
Andy Thorburn, CEO of EMIS Group, said:
"I am pleased that we have performed slightly ahead of
expectations in the first half. Healthcare continues to be at the
centre of the global agenda and, as the UK recovers from the
pandemic, we are well positioned to meet the evolving requirements
of the sector, both today and in the future. We remain confident in
the outlook ."
For further information, contact:
EMIS Group plc Tel: 0330 024 1269
Andy Thorburn, CEO
Peter Southby, CFO
www.emisgroupplc.com
Numis Securities Limited (Nominated Adviser & Broker) Tel: 020 7260 1000
Joshua Hughes/Simon Willis/James Black
MHP Communications Tel: 020 3128 8572
Reg Hoare/Giles Robinson/Florence Mayo emis@mhpc.com
Information for investors, including analyst consensus
forecasts, can be found on the Group's website at
www.emisgroupplc.com/investors .
Notes to Editors
EMIS Group is the UK leader in connected healthcare software and
systems. Its solutions are widely used across every major UK
healthcare setting. EMIS Group's aim is to join up healthcare
through innovative technology, helping to deliver better health
outcomes to the UK population, supporting longer and healthier
lives.
EMIS Group has two core business segments: EMIS Health and EMIS
Enterprise.
EMIS Health is a supplier of innovative integrated care
technology to the NHS, including primary, community, acute and
social care.
EMIS Enterprise is focussed on growth in the
business-to-business technology sector within the healthcare
market, including management of medicines, partner businesses and
patient-facing services.
LEI: 213800K474ZZK76NX913
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