During FY18 (to 31 Jan 2018) Inspiration Healthcare undertook several programmes to improve its quality and regulatory function and restructure its operations. Against this background the company has delivered FY18A results in-line with expectations, generating 8% revenue growth and 6% EBITDA growth. Year-end cash is in-line with FY17A at £2.1m. We believe the current valuation does not reflect this performance and maintain our Buy recommendation.
24 Apr 2018
Strong results through investment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong results through investment
Inspiration Healthcare Group PLC (IHC:LON) | 16.0 0 0.0% | Mkt Cap: 10.9m
- Published:
24 Apr 2018 -
Author:
Chris Donnellan -
Pages:
9
During FY18 (to 31 Jan 2018) Inspiration Healthcare undertook several programmes to improve its quality and regulatory function and restructure its operations. Against this background the company has delivered FY18A results in-line with expectations, generating 8% revenue growth and 6% EBITDA growth. Year-end cash is in-line with FY17A at £2.1m. We believe the current valuation does not reflect this performance and maintain our Buy recommendation.