Inspiration Healthcare revenues remain elevated amid Covid-19 outbreak

Medical technology company Inspiration Healthcare said on Friday that the increased revenues seen at the start of the year had continued over the last few months, including during the Covid-19 pandemic.

Inspiration said it had managed to ensure that the medical equipment, most notably some of the ventilators it managed to source from all over the world, was delivered to the front line of the NHS.

Chairman Mark Abrahams said: "During this difficult time, I have been particularly pleased to see the enormous effort that everyone who works at Inspiration Healthcare has put in to ensure that all operations kept going at full speed."

Going forward, the AIM-listed group said it would continue to invest in the three strategic areas of its business and said it was "confident" that it would continue the good start it had made so far in 2020, with revenues set to increase significantly year-on-year thanks to a healthy order book.

Elsewhere, Inspiration revealed that Jonathan Ballard would replace Mike Briant as the group's new chief financial officer, with effect from 1 July.

As of 0950 BST, Inspiration shares were up 2.22% at 69p.