16th Jan 2014 12:19
LONDON (Alliance News) - Healthcare company Craneware PLC said Thursday that it was confident in meeting market expectations for the full-year as it saw revenue and earnings before interest, tax, depreciation and amortisation increase in the six months ended December 31.
The company expects to report revenue and earnings before interest, tax, depreciation and amortisation 5% ahead of the previous year, driven by increases in the size of hospital groups, overall deal size and number of long term contracts signed.
However, Craneware noted that a majority of revenue and margin resulting from sales in the period would be recognised over future periods.
"Importantly, the increased sales activity will flow through into revenue and ebitda contribution in the second half of the year and beyond, providing further visibility over future contracted revenues and supporting continued growth," said Chief Executive Officer, Keith Neilson in a statement.
Shares in Craneware were trading up 1.4% at 557.56 pence Thursday.
Craneware expects to announce its interim results March 11.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright © 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Craneware