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Medical technology & services

Inspiration Healthcare says turnover to top records with 52% surge

The firm said last month that revenue and profits would be above expectations

Inspiration Healthcare Group PLC (LON:IHC) said it has achieved a record turnover in the year to January 31.

Revenue is anticipated to surge 52% to £36.8mln, including SLE, Viomedex and the 'one-time' ventilator orders relating to COVID-19 in the UK, it added.

WATCH: Inspiration Healthcare Group confident revenues and profits will continue to drive forward

Last month, the med-tech company said revenue would be above market expectations and “not less than” £36.5mln.

As previously announced, underlying earnings (EBITDA) will be at least £4.9mln, representing growth of more than 53% over the prior financial year.

The AIM-listed firm will release the preliminary results on April 27.

"I am delighted to confirm that the group achieved a record turnover in the last financial year against a backdrop of uncertainty caused by the COVID-19 pandemic and Brexit. It demonstrates that the group is well balanced in terms of products and services,” said chief executive Neil Campbell in a statement.

“We are pleased with the progress of integration of the SLE business into the group along with its contribution to growth and we are well-positioned to continue growth this year and beyond."

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