Updates

Medica Group

May 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Medica, the provider of outsourced teleradiology services, has released a trading update instead of audited final results (under FCA orders to give companies more time in these unusual circumstances). These were in line with forecasts with revenues up 19.4% to £46.5m and pretax profit increasing 5.4% to £10.8m. Eps were 8.1p. As expected group gross margins fell 1.2% to 47.8% as historic higher margin contract agreements with the NHS have ended. Revenue growth was driven by NightHawk (+14%), which utilises a team of self-employed radiologists working remotely from home or from one of its offices to read complex digital images such as CT, MRI and ultrasound to look for potential tumours, stroke victims and traumatic ...

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