Inspiration Healthcare Group PLC Trading Update (4531F)

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RNS Number : 4531F

Inspiration Healthcare Group PLC

21 February 2018

Inspiration Healthcare Group plc

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

Trading Update

Inspiration Healthcare Group plc (AIM: IHC), the global medical device company, is pleased to announce a trading update for the year ended 31 January 2018.

The Company has continued to perform strongly and expects to report revenues and profit before interest and tax in line with market expectations. This follows a stronger performance by the Company during the second half of the financial year as predicted by the Company at the time of interim results. The balance sheet remains strong with cash balances similar to the prior year.

The year has been one of substantial investment in strengthening the depth of management and the recruitment of experienced staff to deal with the increasingly stringent regulatory requirements for medical devices being sold within the EU. This investment will continue as the Company invests in its new product pipeline for its key markets in Europe, North America and the Middle East.

Across the Group, we continue to make good progress in strengthening the portfolio of our products and services, enabling us to compete more effectively.

The Company will announce its results for the year to 31 January 2018 on 24 April 2018.

Enquiries:

 
 Inspiration Healthcare          Tel: [phone] 
  Group plc 
  Neil Campbell, Chief 
  Executive Officer 
  Mike Briant, Chief Financial 
  Officer 
------------------------------  ------------------- 
 Nominated Adviser &             Tel: [phone] 
  Broker 
  Cenkos Securities plc 
  Bobbie Hilliam / 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

This information is provided by RNS

The company news service from the London Stock Exchange

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February 21, 2018 02:00 ET (07:00 GMT)