Med-tech group Inspiration Healthcare Group PLC (AIM:IHC) hailed the successful integration of SLE, bought last year for £18mln, as it unveiled a strong set of interim results.
It said synergies and cross-selling opportunities were “being realised” and added: “The early successes reported in this interim report highlight a step towards realising the full advantages of the combined group and the innovative, diverse portfolio we can offer.”
Revenues for the six months ended July 31 were £20.9mln, up 47%, while underlying earnings (EBITDA) advanced 42% to £3.6mln.
Inspiration, which makes specialist kit used by neonatal intensive care and operating theatres, said its net cash position as at the period-end was £8.6mln.
Chief executive Neil Campbell told investors: “With a strong order book we are now well-positioned to move into the next phase of the financial year focusing on the additional benefits we can leverage and driving sales through our enhanced global distribution network."