Spire Healthcare Group PLC Trading update (1025P)
May 24 2018 - 1:00AM
UK Regulatory
TIDMSPI
RNS Number : 1025P
Spire Healthcare Group PLC
24 May 2018
Spire Healthcare Group plc
("Spire Healthcare", "the Company" or "the Group")
TRADING UPDATE
24 May 2018
Ahead of its Annual General Meeting later today, Spire
Healthcare Group plc (LSE: SPI), the major UK independent hospital
group, provides the following update for the period 1 January 2018
to 23 May 2018.
The Group reiterates the full year 2018 guidance set out in our
Full Year Results Announcement on 2 March 2018.
As noted at that time, market conditions for the start of the
year remain challenging. However, revenues to the end of April are
in line with expectations, and are characterised by good self-pay
growth, PMI revenues slightly down and a decline in NHS revenues
resulting from volume reductions and tariff effect (to 31
March).
In accordance with previous guidance, these current revenue
trends, combined with the significant extra investment in both
Clinical quality and enhancements to our private payor proposition,
will result in a reduction in H1 EBITDA relative to 2017, with the
Company continuing to expect H2 2018 performance to compensate.
We expect to announce our results for the six months ending 30
June 2018 in September 2018.
-Ends-
For further information please contact:
Spire Healthcare:
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: 9084066
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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