Inspiration Healthcare on track to meet FY expectations

Medical technology supplier Inspiration Healthcare said on Wednesday that it has started the financial year "well" and that it remained on track to meet management expectations.

Inspiration said its confidence was underlined by "a strong order book" and increased gains from integrating its operations with the recently acquired SLE, resulting in revenues being approximately 47% higher year-on-year.

The AIM-listed group stated it was seeing growth and new opportunities, with "a growing level of interest" in the SLE range of ventilation products from "all over the world".

Inspiration also said it was making progress with its relocation project, although it cautioned that some delays had inevitably been incurred due to issues regarding the availability of resources in the construction industry.

Chief executive Neil Campbell said: "We are extremely pleased with the way that our companies have come together over the past 12 months, the on-going integration bringing synergies and operational efficiencies are being ever more realised.

"With progress being made in many other areas of our business we look forward to the second half with optimism."

As of 1020 BST, Inspiration shares were up 1.97% to 124.40p.