Emis tips first half revenue and profit to top pre-virus levels

(Alliance News) - Emis Group PLC on Tuesday said its first half trading topped expectations, with ...

Alliance News 13 July, 2021 | 9:28AM
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(Alliance News) - Emis Group PLC on Tuesday said its first half trading topped expectations, with earnings ahead of levels seen in 2019.

The Leeds-based company, which makes software used by healthcare providers, said revenue and adjusted operating profit in the six months ended June 30 are ahead of both last year and 2019.

In the first half of 2020, revenue had fallen 2.1% year-on-year to GBP78.1 million from GBP79.8 million. Adjusted operating profit came in 2.2% lower at GBP17.8 million from GBP18.2 million.

"Trading for the half year has been slightly ahead of the board's expectations, with a return to business as usual despite the continuing challenges of the pandemic. Both revenue and adjusted operating profit are ahead of the comparative period last year and in 2019," Emis explained.

The company noted its Emis Enterprise arm saw double-digit growth in both recurring and non-recurring revenue in the first half of 2021.

"In Emis Health, the group is delivering against the requirements of the GP IT Futures contract while continuing to invest in its technology roadmap. The revenue mix in the division reflected a more normalised trading period, with a higher proportion of non-hardware and connectivity tools' revenues than the comparative period last year," the company added.

Emis will report on its first half results on September 9.

Shares in the company were 0.5% higher at 1,202.18 pence each in London on Tuesday morning.

By Eric Cunha; ericcunha@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
EMIS Group PLC 1,298.00 -

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