28th Nov 2022 10:30
Inspiration Healthcare Group PLC - Crawley, England-based medical technology company - Says it has continued to win substantial orders, particularly in Ukraine and Thailand. But notes the timing of receiving and shipping these orders has proved hard to predict due to the "continuing economic uncertainty, which has affected all the markets" in which Inspiration Healthcare operates. Adds that its distributor in China highlights the disruptive effect of the ongoing lockdowns being enforced. Hence, Inspiration expects that it is unlikely that sales will exceed the GBP41.1 million achieved in the last financial year. It also anticipates the knock-on impact on earnings before interest, tax, depreciation and amortisation in the second half will mean Ebitda will come in below the GBP2.2 million in the first half that ended July 31.
Chief Executive Officer Neil Campbell says: "The factors influencing our partners around the world, particularly in the last couple of months, has meant that we have had to adjust our forecasts for growth as this has had the effect of delaying our progress and growth by a year, but we remain confident in the prospects for Inspiration Healthcare and our ambitions are undiminished."
Current stock price: 57.00 pence, down 33% on Monday morning in London
12-month change: down 49%
By Xindi Wei; [email protected]
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