Medica Group

Discussion of the proposed Cashback Investment Club

Moderator: CIC officers

richard@imutual
Posts: 4739
Joined: Wed Jun 23, 2010 10:19 am
Sharing: 3stars.png
Has thanked: 1894 times
Been thanked: 4356 times
Contact:

Medica Group

Post by richard@imutual » Fri Jan 25, 2019 9:23 am

Trading update yesterday at http://otp.investis.com/clients/uk/medi ... 4&cid=2130
The Company has achieved revenue for the year of £39.0m, an increase of 15.6% year on year, driven by increased demand for NightHawk and Cross-Sectional services, in line with the Company's strategy. The Company also expects to maintain the EBITDA margin of around 30% as seen at the H1 report. The Board expects the Company's performance for 2018 to be in line with market expectations.

The total number of contracted radiologists (including radiographers and rheumatologists) as at 31 December 2018 was 362 radiologists (31 December 2017: 306).

John Graham, Chief Executive Officer of Medica, commented:

"In 2018, Medica continued to deliver double-digit revenue growth as we execute our strategy to increase customer penetration of our NightHawk and Cross Sectional services. Additionally, during 2018 we continued to generate cash and had zero net debt at the year-end.

The combination of our market leading platform, strong cohort of radiologists and our reputation for high quality clinical governance means that Medica is well positioned to help our customers meet their requirements for teleradiology services.

In 2019 we expect that the business will continue to grow at a similar rate to that seen in 2018 giving us confidence to increase investment to support future growth opportunities."


Medica will publish final statutory results for the year ended 31 December 2018 on 25 March 2019

AAAlphaThunder
Posts: 24968
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 213 times
Been thanked: 3642 times
Contact:

Re: Medica Group

Post by AAAlphaThunder » Sat Jan 26, 2019 6:26 pm

To grow double digits is impressive performance.
[Secretary] imutual Cashback Investment Club

richard@imutual
Posts: 4739
Joined: Wed Jun 23, 2010 10:19 am
Sharing: 3stars.png
Has thanked: 1894 times
Been thanked: 4356 times
Contact:

Re: Medica Group

Post by richard@imutual » Tue Mar 26, 2019 5:26 pm

Thanked by: blythburgh

richard@imutual
Posts: 4739
Joined: Wed Jun 23, 2010 10:19 am
Sharing: 3stars.png
Has thanked: 1894 times
Been thanked: 4356 times
Contact:

Re: Medica Group

Post by richard@imutual » Fri Jul 26, 2019 12:31 pm

Trading update
Medica Group Plc (LSE: MGP, "Medica" or the "Company"), the UK market leader in the provision of teleradiology services, announces a trading update for the six months ended 30 June 2019.

Unaudited revenues for the six months are anticipated to be £21.9m (organic growth of 18% vs H1 2018), as demand for NightHawk and Cross Sectional services continues to increase.

Recruitment momentum continued during H1 2019, with a net 28 radiologists added (H1 2018: 33 radiologists added). The total contracted radiologists (including radiographers and rheumatologists) as at 30 June 2019 was 390 radiologists (31 December 2018: 362).

For the full year 2019, the Board expects revenues to be slightly ahead of its expectations with profit remaining in-line as the Company continues to invest in optimising the business for future growth.

John Graham, Chief Executive Officer of Medica, commented:

"Medica continues to make good progress with its strategic objectives of developing the core business by continuing to improve our service to clients and radiologists and growing capacity, including internationally. We continue to increase market penetration of our NightHawk and Cross Sectional services and have delivered double-digit organic revenue growth in the first half of 2019. We have also added 28 radiologists and have a strong pipeline for further recruitment during the rest of the year. Our first half performance gives us confidence that we remain on track for the full year."

Medica will announce its interim results for the six months ended 30 June 2019 on Monday 9 September 2019.
Thanked by: an6ypan6y

AAAlphaThunder
Posts: 24968
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 213 times
Been thanked: 3642 times
Contact:

Re: Medica Group

Post by AAAlphaThunder » Fri Jul 26, 2019 12:41 pm

Doing well for us and going in the right direction.
[Secretary] imutual Cashback Investment Club

im182913
Posts: 1
Joined: Fri Jul 26, 2019 3:03 pm

Re: Medica Group

Post by im182913 » Fri Jul 26, 2019 3:05 pm

well done everyone who milked the offer

AAAlphaThunder
Posts: 24968
Joined: Tue Sep 14, 2010 8:23 pm
Has thanked: 213 times
Been thanked: 3642 times
Contact:

Re: Medica Group

Post by AAAlphaThunder » Fri Jul 26, 2019 5:31 pm

im182913 wrote:
Fri Jul 26, 2019 3:05 pm
well done everyone who milked the offer
Thanks. We try our very best.

Wish us luck?
[Secretary] imutual Cashback Investment Club

Post Reply

Who is online

Users browsing this forum: No registered users and 6 guests