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Inspiration Healthcare upgrades outlook on performance amid boost from Viomedex business

By BFN News | 09:31 AM | Thursday 20 February, 2020


Inspiration Healthcare upgraded its outlook on performance amid a positive contribution from the recently acquired Viomedex business. The company said it had performed ahead of expectations and anticipated reporting a 15% increase in revenue for the year ended 31 January 2020 to approximately £17.8m or growth of 12% on a like for like basis. Earnings (EBITDA) was expected within a range of £2.0 to £2.1m, representing growth of more than 20% over the previous financial year. 'We are delighted with the results achieved this year, we had targeted double digit revenue growth and delivered it notwithstanding difficult macro-economic conditions such as Brexit,' said Neil Campbell, chief executive. 'The acquisition has contributed positively and we look forward to greater contributions.' At 9:31am: (LON:IHC) Inspiration Healthcare Group share price was +6p at 72.5p Story provided by StockMarketWire.com

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