Inspiration Healthcare Group PLC Trading Update and Notice of Results (7873Q)

TIDMIHC

RNS Number : 7873Q

Inspiration Healthcare Group PLC

22 February 2019

Inspiration Healthcare Group plc

("Inspiration Healthcare", the "Company" or the "Group")

Trading Update and notice of results

Inspiration Healthcare Group plc (AIM: IHC), the global medical device company, is pleased to announce a trading update for the year ended 31 January 2019.

The Company has continued to perform well in a difficult environment and expects to report revenues of approximately GBP15.5 million, constrained by well publicised regulatory delays and profit before tax of approximately GBP1.2 million, which is in line with our expectations.

It is expected that preliminary results for the year ended 31 January 2019 will be announced on 30 April 2019.

Commenting, Neil Campbell, CEO said

"We go into the new year with a very strong order book and look forward to building on our international successes of last year. We now have a strong management team in place, increasing interest for the new products we launched last year and I believe we are well placed to achieve double digit revenue growth going forward."

"The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain."

Enquiries:

 
 Inspiration Healthcare Group plc        Tel: [phone] 
  Neil Campbell, Chief Executive 
  Officer 
  Mike Briant, Chief Financial Officer 
 Nominated Adviser & Broker              Tel: [phone] 
  Cenkos Securities plc 
  (Nominated Adviser and broker) 
  Mark Connelly 
 Cadogan PR                              Tel: [phone] 
  Alex Walters 
 

About Inspiration Healthcare

Inspiration Healthcare (AIM: IHC) is a global supplier of medical technology for critical care, operating theatre and other medical applications. The Company provides high quality innovative products to patients and caregivers around the world that help to improve patient outcomes and efficiencies of healthcare organisations with patient focused customer service and technical support.

The Company's own brand of critical care solutions span non-invasive respiratory management, thermoregulation and diagnostics, and patient warming for newborns through to adults in intensive care and the operating theatre, whilst the distribution business supplies solutions to support specialised surgical procedures and infusion therapies.

Present in over 50 countries worldwide, Inspiration Healthcare's success has been built on continuous innovation, excellent customer service and an inherent commitment to improving the quality of life of patients, working in close collaboration with key opinion leaders and stakeholders in the clinical and medical community across the globe.

Further information on Inspiration Healthcare can be seen at www.inspiration-healthcare.com.

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February 22, 2019 02:00 ET (07:00 GMT)