Deltex Medical Group (DEMG)

Sector:

Health Care

Index:

FTSE AIM All-Share

1.30p
   
  • Change Today:
      0.050p
  • 52 Week High: 2.65p
  • 52 Week Low: 0.90p
  • Currency: UK Pounds
  • Shares Issued: 524.46m
  • Volume: 768,672
  • Market Cap: £6.82m
  • RiskGrade: 442

Deltex Medical sees improved profitability despite revenue difficulty

By Josh White

Date: Tuesday 30 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Oesophageal doppler monitoring company Deltex Medical Group updated the market on its trading for the half-year ended 30 June on Tuesday, reporting that it had made a "good start" in the first six months of the year, adding that it expected to report a positive adjusted EBITDA result for the period.
The AIM-traded firm said it had £0.6m cash in the bank bank at period end, with net cash improved by between £0.3m and £0.33m at the end of the period.

As it had previously reported, the company re-based itself during the second half of 2018, leading to total revenues for the half-year of £2m, down from £2.3m.

Total revenue in the United States was £0.7m, down from £0.8m year-on-year, with a "strong start" made to July with revenue of around £0.1m recognised for orders received right at the end of June that could not be delivered in the first half.

The board said the re-based US operations now consistently contributed monthly positive EBITDA to the consolidated results.

International revenues were £0.6m, down from £0.7m year-on-year, which were held back by the impact of Physiomics' French distributor, which had continued to make inventory reductions due to the lower level of its probe sales made during the implementation of the previously-announced Paris hospital tender.

UK revenues were £0.7m, down from £0.8m, reflecting the continuing difficult trading conditions experienced with the NHS.

"I am pleased to see that both the profitability and cash generation reported in the fourth quarter of 2018, our strongest quarter, has continued in the first half of 2019," said chief executive officer Nigel Keen.

"The group has also made a good start to the second half of 2019 with several large orders that were received at the end of June by both our US and International businesses being delivered in the first few days of the new period.

"Trading for the first six months was in line with the board's expectations, and we expect the outturn for the full year to be in line with market expectations."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

DEMG Market Data

Currency UK Pounds
Share Price 1.30p
Change Today 0.050p
% Change 4.00 %
52 Week High 2.65p
52 Week Low 0.90p
Volume 768,672
Shares Issued 524.46m
Market Cap £6.82m
RiskGrade 442

DEMG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average42.91% below the market average
56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average56.76% above the sector average
Price Trend
22.57% above the market average22.57% above the market average22.57% above the market average22.57% above the market average22.57% above the market average
5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average5.00% above the sector average
Income Not Available
Growth
56.71% below the market average56.71% below the market average56.71% below the market average56.71% below the market average56.71% below the market average
70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average70.59% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DEMG Dividends

No dividends found

Trades for 14-Jul-2020

Time Volume / Share Price
15:02 28,225 @ 1.35p
14:53 50,000 @ 1.35p
14:05 36,151 @ 1.35p
13:45 3,500 @ 1.20p
13:35 20,000 @ 1.35p

DEMG Key Personnel

Chair Nigel J Keen
CEO Andy Mears

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