Inspiration Healthcare Group PLC (AIM:IHC) provided a guardedly optimistic assessment of prospects as the med-tech company said the order book ‘remains high’ and demand for its products ‘strong’.
The commentary was provided alongside the group’s prelims, which showed revenues grew by 11% to £41.1mln and underlying earnings (EBITDA) advanced by 14% to £6.4mln. The company’s gross profit margin grew to 50.2% from 48.7% 12 months earlier.
It exited the year to January 31 with cash of £9.3mln and will pay a final dividend of 0.41p a share, up from 0.4p a year earlier.
Like many other businesses, Inspiration, which makes specialist equipment such as ventilators used in intensive care units, said it is not immune to rising costs and the uncertainty generated by the war in Ukraine.
However, chairman Mark Abrahams told investors: “Our group has shown remarkable resilience over the past few years and been able to grow despite the macro-economic conditions.
“In the current financial year our order book remains high and demand for our products remains strong. We are agile in our approach to managing the challenges ahead and remain confident in our growth prospects.”