23rd Jan 2020 12:15
(Alliance News) - Medica Group PLC on Thursday said it expects to deliver 2019 results in line with expectations.
The teleradiology services provider said revenue for 2019 was GBP46.5 million, up 19% on the prior year, driven by higher demand for NightHawk and routine cross-sectional services. NightHawk is medical emergency reporting system.
The company also said it expects to maintain the adjusted earnings before interest, tax, depreciation and amortization margin at the same level as reported at the half-year, of 28%.
Medica said the total number of contracted radiologists, including radiographers and rheumatologists, as at the end of 2019 was 435, up from 362 a year earlier.
"Since joining Medica in September 2019, I have seen first-hand the high-quality service the company provides for its customers and the patients they serve. This service is the foundation of our market leading position and growth for the full year. It also provides the platform on which we can continue to invest to further build shareholder value in 2020 and beyond," said Chief Executive Stuart Quin.
The stock was trading 0.3% higher in London on Thursday at 151.93 pence a share.
Medica is scheduled to publish its annual results on March 23.
By Evelina Grecenko; [email protected]
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