Surgical Innovations Group PLC Year-end trading update (5348B)
11 January 2018 - 6:00PM
UK Regulatory
TIDMSUN
RNS Number : 5348B
Surgical Innovations Group PLC
11 January 2018
Surgical Innovations Group plc
("Group" or the "Company")
Year-end Trading Update
Surgical Innovations Group plc (AIM: SUN), the designer and
manufacturer of innovative technology for minimally invasive
surgery, is pleased to provide an update on trading for the year
ended 31 December 2017.
Group revenue for the year exceeded GBP8.7m, representing growth
of approximately 44% over 2016. Within this, organic growth in the
existing business was approximately 10%. The integration of
Elemental Healthcare Limited, acquired in August 2017, continues in
line with plan and following the acquisition, the reaction of both
distributors and suppliers to both businesses has been very
positive.
The combined gross margins were within target range and the
increasing levels of profitability are in line with board and
market expectations.
Audited results for the year ended 31 December 2017 will be
released in mid-March 2018.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014.
For further information please contact:
Surgical Innovations Group www.sigroupplc.com
plc
Nigel Rogers, Executive Tel: 0113 230 7597
Chairman
Melanie Ross, COO & CFO
WH Ireland Limited (NOMAD Tel: 0113 394 6600
& Broker)
Tim Feather
Alex Bond
Walbrook PR (Financial PR Tel: 020 7933 8780 or
& Investor Relations) si@walbrookpr.com
Paul McManus Mob: 07980 541 893
Lianne Cawthorne Mob: 07584 391 303
This information is provided by RNS
The company news service from the London Stock Exchange
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