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Inspiration Healthcare expects revenues “increase significantly” after a strong start to the year

The update was provided by chairman Mark Abrahams ahead of the company’s annual meeting

Inspiration Healthcare -

Med-tech specialist Inspiration Healthcare Group PLC (LON:IHC) said it expects to see revenues “increase significantly” after a strong start to the year.

The update was provided by chairman Mark Abrahams ahead of the company’s annual meeting.

He told investors that the firm had a healthy order book with the high level of activity seen earlier in the year continuing during the coronavirus lockdown.

The continued expansion will be underpinned by a combination of organic growth, the launch of innovative new products and projects and acquisitions such as SLE, an £18mln deal announced last week.

“To this end, I'm confident that we will continue the good start we have made so far this year and are set once again to increase revenues significantly," said Abrahams.

The company, which has helped source ventilators for the NHS, recently made its first deliveries.

In a separate announcement, Inspiration said financial controller Jonathan Ballard will be taking over from Mike Briant as chief financial officer after the latter’s retirement.

Quick facts: Inspiration Healthcare

Price: 64.4 GBX

AIM:IHC
Market: AIM
Market Cap: £43.78 m
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