Inspiration Healthcare enjoys 'very strong trading' in Q1

Medical technology group Inspiration Healthcare said on Wednesday that it had enjoyed some "very strong trading" in the first quarter.

Inspiration said revenues were up 27% year-on-year before taking into account the £5m-worth of contracts won for the supply of ventilators to the UK National Health Service.

The AIM-listed group added that without the "exceptional orders" from the NHS, which were expected to be accounted for in the second quarter of the financial year, its order book remained "strong" and said it was receiving "considerable interest" in its products despite the Covid-19 pandemic.

Chief executive Neil Campbell said: "The current situation has presented challenges for many companies and it is a tribute to our team, along with our outstanding suppliers, that we are still supplying vital intensive care equipment and the support that goes with its use.

"We look forward to shipping the ventilators we have orders for to the NHS and to the rest of the year with confidence."

As of 0955 BST, Inspiration shares were up 8.20% at 66p.