21st Jan 2021 10:36
(Alliance News) - Emis Group PLC on Thursday said trading for 2020 was marginally ahead of board expectations following an improvement in the second half of the year.
The healthcare software and systems firm said revenue and adjusted operating profit were maintained at similar levels to 2019's GBP159.5 million and GBP39.3 million, respectively.
By division, Emis said EMIS Health saw steady underlying growth driven by increased Covid-19 related sales of lower margin hardware. In its EMIS Enterprise unit, trading improved gradually over the second half of the year including in the Analytics business, with the release of EMIS-X Analytics in the final quarter of 2020.
"I am pleased that our trading improved in the second half of the year and believe this reflects the strength of our business model and of our team. The board remains confident in the outlook for the business," said Chief Executive Andy Thorburn.
Net cash as at December-end was GBP53.0 million, up 70% from GBP31.1 million at December 31, 2019.
Full year results will be published on March 18.
Shares in Emis Group were trading 0.9% higher at 1,120.28 pence each on Thursday morning in London.
By Ife Taiwo; [email protected]
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