UK's Inspiration Healthcare hits record low on pending orders, weak sales

Inspiration Healthcare

01/05/2024 09:19

** Shares of medical technology provider Inspiration
Healthcare Group  IHC.L  down 40.3% to an all-time low of 18.5p 
    ** Co discloses that January's material export order due
still remain outstanding
    ** IHC expects to receive the order in current financial
year but cannot confirm a date
    ** Co is looking for alternate financing options in the case
of order remaining unfulfilled
    ** Sees sales to be weighted for H2 as Q1 saw tough trading
conditions
    ** Excluding material export order, IHC sees underlying
growth to be in mid-single digits for FY, with some pressure on
margins
    ** IHC shares down ~54% so far in 2024


 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))