Spire Healthcare Group PLC Post-close trading update (0710N)
15 January 2019 - 6:00PM
UK Regulatory
TIDMSPI
RNS Number : 0710N
Spire Healthcare Group PLC
15 January 2019
Spire Healthcare Group plc
("Spire" or the "Company")
Post-close trading update
15 January 2019
Spire Healthcare Group plc (LSE: SPI), a leading UK independent
hospital group, is pleased to provide a trading update for the
financial year ended 31 December 2018. The Company expects to
report revenue of c.GBP931 million and EBITDA before exceptional
and other items of between GBP119 and GBP120 million.
Spire's cash position has improved year-on-year following
continued strong cash conversion, with net debt reduced to
approximately GBP457 million and a year end net debt to EBITDA
ratio of less than 3.7 times.
The Company achieved good strategic progress during 2018. As at
31 December 2018 76% of Spire's hospitals were rated Outstanding or
Good by the CQC, up from 67% at the previous year end. There was
also momentum in private payor growth.
Spire will announce Full Year Results on 28 February 2019
together with strategic and operational progress reports and
guidance for the current financial year.
-ends-
For further information please contact:
Spire Healthcare
Jitesh Sodha, Chief Financial Officer
Antony Mannion, Investor Relations Director +44 (0)20 7427 9160
Instinctif
Damian Reece
Guy Scarborough +44 (0)20 7457 2020
REGISTERED OFFICE AND HEAD OFFICE:
Spire Healthcare Group plc
3 Dorset Rise
London
EC4Y 8EN
Registered number: 09084066
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END
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