SUN is recovering well, reporting FY21 results in line with expectations. These saw revenues increasing by 44% YoY, albeit still below pre-pandemic levels. A strong recovery in volumes in Q4 has persisted into Q1 and the business has made a strong start to FY22, with revenues up 40% YoY in the first two months. We reinstate forecasts, cautiously looking for a return to pre-pandemic revenues this year with upside potential if volumes continue to recover. New growth initiatives, such as the recent ....

23 Mar 2022
Business recovering nicely – strong start to FY22

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Business recovering nicely – strong start to FY22
Surgical Innovations Group plc (SUN:LON) | 2.2 0 0.0% | Mkt Cap: 20.5m
- Published:
23 Mar 2022 -
Author:
Chris Glasper -
Pages:
3 -
SUN is recovering well, reporting FY21 results in line with expectations. These saw revenues increasing by 44% YoY, albeit still below pre-pandemic levels. A strong recovery in volumes in Q4 has persisted into Q1 and the business has made a strong start to FY22, with revenues up 40% YoY in the first two months. We reinstate forecasts, cautiously looking for a return to pre-pandemic revenues this year with upside potential if volumes continue to recover. New growth initiatives, such as the recent ....