Inspiration Healthcare Group PLC Trading Update (2216I)
11 Agosto 2021 - 1:00AM
UK Regulatory
TIDMIHC
RNS Number : 2216I
Inspiration Healthcare Group PLC
11 August 2021
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 Tel: 01455 840555
Neil Campbell, Chief Executive Officer
Jon Ballard, Chief Financial Officer
Nominated Adviser & Broker Tel: 0207 397 8900
Cenkos Securities plc
Mark Connelly
Stephen Keys
-------------------
Cadogan PR Tel: 07771 713608
Alex Walters
alex.walters@cadoganpr.com
-------------------
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 3(rd)
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
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