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IN BRIEF: Inspiration Healthcare expects annual revenue to rise

ALN

Inspiration Healthcare Group PLC - Crawley, England-based medical technology company - Expects to report revenue of about £41.2 million for the year ended on January 31, up 0.4% from the year before. Says it is in line with market expectations. Inspiration Healthcare says earnings before interest, tax, deprecation and amortisation is also expected to be in line with market view. For financial 2022, revenue was £41.1 million.

Chief Executive Officer Neil Campbell says: ‘I am pleased to report that in recent months we have seen increased order inflow and enjoyed a high level of interest in our products which has enabled us to deliver a strong fourth quarter and gives a platform to achieve further growth during [financial 2024].’

Inspiration Healthcare will publish its annual results on May 3. Back in October, the company had reported revenue of £20.5 million for the half-year ended on July 31, down 1.8% from £20.9 million the year before. Pretax profit fell to £885,000 from £2.5 million.

Current stock price: 50.24 pence each, down 1.5% on Thursday morning in London

12-month change: down 48%

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